Align Technology (Nasdaq:ALGN) announced today that it plans to repurchase $100 million of its own common stock. Tempe, Arizona-based Align Technology’s open market repurchase falls under its $1 billion stock repurchase program. The company’s board approved the program in January 2023. Align Technology executed a $250 million repurchase in February of this year with Citibank. […]
Dental
ZimVie beats The Street in Q3, ups back end of guidance
ZimVie shares ticked up this morning on third-quarter results that topped the consensus forecast. Shares of ZIMV rose 1% at $6.80 apiece just after the market opened today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — ticked up 1.1%. The (LOCATION)-based company posted losses of $5.1 million […]
Intuitive appoints Align Technology exec to its board
Intuitive announced that it appointed Align Technology executive Sreelakshmi Kolli to its board of directors. Kolli currently serves as EVP and chief digital officer at Align, the maker of Invisalign clear aligners and other dental tech. Her appointment to Intuitive’s board of directors went into effect on Oct. 27, 2023. “Sree has deep expertise in applying technology to transform industries, enable business growth and […]
Align Technology announces $250M accelerated share repurchase program
Align Technology (Nasdaq:ALGN) announced today that it entered into an agreement to repurchase $250 million of its common stock. The company also executed a $1 billion stock repurchase agreement announced in May 2021. Align took care of one buyback in October 2022 through a $200 million repurchase with Goldman Sachs. Align’s board officially approved the current […]
SmileDirectClub files for Chapter 11, plans recapitalization process
SmileDirectClub (Nasdaq:SDC) announced that it initiated a process to implement a recapitalization transaction. The move includes voluntarily filing for protection under Chapter 11 of the U.S. Bankruptcy Code. The Nashville, Tennessee–based maker of clear teeth aligners filed in the U.S. Bankruptcy Court for the Southern District of Texas. SmileDirectClub says it intends for the recapitalization […]
Dentsply Sirona names former NuVasive CEO as board chair
Dentsply Sirona (Nasdaq:XRAY) announced today that it appointed Gregory T. Lucier as chair of its board, effective Jan. 1, 2024. The appointment of Lucier falls in line with the company’s planned succession process and commitment to periodic board refreshment. Lucier also becomes a member of the board’s corporate governance and nominating committee when his appointment […]
Align Technology launches Invisalign palatal expanders
Align Technology (Nasdaq:ALGN) announced that it today introduced its proprietary, patented Invisalign palatal expander system. The direct 3D-printed device provides rapid expansion and subsequent holding of skeletal and/or dental narrow maxilla (upper jaw). It enables primary, mixed or permanent dentition during the treatment of growing patients. Align said the Invisalign palatal expander is its first […]
Henry Schein reports mixed Q2 as dental sales rise, medical revenues decline
Henry Schein shares fell this morning on second-quarter results that came in mixed compared to the consensus forecast. Shares of HSIC dipped 2.5% at $76.11 apiece during early-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 0.5%. The Melville, New York-based dental technology company […]
Dentsply Sirona beats The Street in Q2, raises guidance
Dentsply Sirona reported Street-beating Q2 results and upped its full-year guidance, citing solid performance across its business segments. The Charlotte, North Carolina–based dental products and equipment company yesterday evening reported a net income of $86 million, or 40¢ per share, on sales of $1.028 billion for the three months ended June 30, 2023. Earnings were […]
Steris reports strong Q1 on big gains in healthcare
Steris today reported first-quarter results that exceeded Wall Street’s expectations while upping guidance for the year ahead due to a recently announced acquisition. The Dublin, Ireland-based provider of sterilization services and other infection prevention tech posted profits of $123.6 million in the quarter ended June 30, 2023. That amounts to $1.25 per share on sales […]
Align Technology stock soars after hours on Street-beating Q2
Align Technology (Nasdaq:ALGN) shares are on the rise after the market closed today following second-quarter results that beat the consensus forecast. Shares of ALGN ticked up 11.2% to $378 apiece after hours today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished the day up 0.6%. The […]