Shares in SmileDirectClub (NSDQ:SDC) regained some of their value this morning after closing down some -28% after their public debut yesterday. Nashville, Tenn.-based SmileDirectClub makes 3D-printed clear dental aligners designed to provide an alternative to traditional braces. The company floated 58.5 million shares at $23 apiece in its $1.35 billion initial public offering yesterday, only to […]
SmileDirectClub sets $20.50 per-share midpoint for $1.5B IPO
SmileDirectClub today set the pricing range on an initial public offering that could fetch up to $1.5 billion. Nashville, Tenn.-based SmileDirectClub produces 3D-printed clear dental aligners designed to provide an alternative to traditional braces. It boasts affordable orthodontic solutions, comparing its price of less than $2,000 to the $5,000 to $8,000 charged for traditional braces. […]
SmileDirectClub sets range on $1.5B IPO
SmileDirectClub yesterday set the pricing range on an initial public offering that could fetch up to $1.5 billion. Nashville, Tenn.-based SmileDirectClub produces 3D-printed clear dental aligners designed to provide an alternative to traditional braces. It boasts affordable orthodontic solutions, comparing its price of less than $2,000 to the $5,000 to $8,000 charged for traditional braces. […]
Dentsply Q2 earnings beat the Street, sales slip
Dentsply Sirona (NSDQ:XRAY) reported second-quarter earnings today that beat the consensus forecast on Wall Street and raised its outlook for the rest of the year. The York, Penn.-based company reported profits of $36.4 million, or 0.16¢ per diluted share, on sales of $1.01 billion for the three months ended June 30, 2019. For the second […]
Cantel Medical puts up $775m for dental instrument maker Hu-Friedy
Cantel Medical (NYSE:CMD) said today that it put $775 million on the table to acquire dental instruments maker Hu-Friedy. Chicago-based Hu-Friedy, which makes dental instruments and systems used to reprocess them, put up adjusted EBITDA of roughly $48 million on $214 million in sales during the twelve months ended May 31. The deal calls for Little […]
Align Technology dives on missed Q2 earnings
Align Technology (NSDQ:ALGN) posted second-quarter results today that beat the sales consensus missed badly on earnings, sending share prices down in mid-afternoon trading. The San Jose, Calif.-based company reported profits of $147.1 million, or $1.83 per share, on sales of $600.7 million for the three months ended June 30, for a bottom-line gain of 38.6% on […]
Neocis raises $30m for Yomi robot-assisted dental surgery device
Neocis yesterday said it pulled down $30 million for the Yomi robotic guidance system for dental implant procedures it developed. Miami-based Neocis, which won 510(k) clearance from the FDA for Yomi in 2017, said it plans to use the proceeds on commercialization and R&D. Existing investors, including Mithril Capital Management, backed the round, joined by […]
Sonendo raises another $17m for acoustic-based root canal treatment tech
Sonendo has brought in $17 million — its latest multimillion-dollar money raise as it expands marketing of its GentleWave system that uses acoustic energies to better clear out a tooth’s root canal system. The roughly $17 million matches the full amount that Laguna Hills, Calif.–based Sonendo was seeking to raise, according to a Form D […]
Dentsply Sirona inks $116m private placement in Japan
Dentsply Sirona (NSDQ:XRAY) this week inked a private placement deal with Japanese investors that’s worth about $116.4 million. The ¥12.6 billion offering consists of Series W 0.99% senior notes due in 2031, which are slated for issue Sept. 25. The York, Pa.-based dental products giant said it plans to use the proceeds to refinance existing […]
Dentsply Sirona shares rise on Q1 EPS, sales beat
Shares in Dentsply Sirona (NSDQ:XRAY) are rising today after the dental-focused medical device maker beat expectations on Wall Street with its first quarter earnings results. The York, Penn.-based company posted profits of $39.2 million, or 17¢ per share, on sales of $946.2 million for the three months ended March 31, seeing profits shrink 51.7% while sales […]
SmileDirectClub inks deal to offer clear aligners, products through select CVS locations
CVS (NYSE:CVS) today announced plans to launch SmileDirectClub SmileShops within CVS pharmacy locations which will offer the orthodontic-focused device maker’s clear aligner systems and other products. Woonsocket, R.I.-based CVS said that both it and Nashville, Tenn.-based SmileDirectClub have already run a successful pilot of the stores, and that new SmileShops will launch at hundreds of […]
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