Steris (NYSE:STE) today reported fourth-quarter results that exceeded Wall Street’s expectations while upping guidance for the year ahead. Shares of STE climbed 4% t0 $197 apiece in after-hours trading. MassDevice‘s MedTech 100 Index, which includes stocks of the world’s largest medical device companies, was flat on the day. The Dublin, Ireland-based provider of sterilization services and […]
Dental
ZimVie is laying off 5% of workforce, stock still soars on Q1 results
ZimVie shares ticked up today on first-quarter financial results despite the announcement of a workforce reduction. Shares of ZimVie rose 22.8% at $9.47 apiece in midday trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — fell 0.5%. The Westminster, Colorado-based dental and spine company said it […]
Henry Schein to acquire dental implant manufacturer SIN Implant System
Henry Schein today announced it would acquire dental implant manufacturer SIN Implant System from Southern Cross Group, an independent private equity fund manager focused in Latin America. The financial details of the deal were not disclosed. SIN is a growing dental implant manufacturer and provider in Brazil. The acquisition would mark Henry Schein’s entry into […]
Dentsply Sirona stock down despite Street-beating Q1, raised guidance
Dentsply Sirona (Nasdaq:XRAY) shares fell today despite first-quarter results that came in ahead of the consensus forecast. Shares of XRAY fell 2.9% at $40.88 apiece in early-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 0.4%. The Charlotte, North Carolina-based dental equipment and supplies […]
ZimVie opens state-of-the-art dental training facility in Florida
ZimVie (Nasdaq:ZIMV) announced today that it opened a new, state-of-the-art educational facility for dental practitioners. Westminster, Colorado-based ZimVie built its facility in Palm Beach Gardens, Florida. The “ZimVie Institute South” features more than 11,000 square feet of dedicated education and training space. It offers life-like simulated patient models, a cadaver lab and a fully integrated […]
ZimVie announces new dental bone graft products
ZimVie (Nasdaq: ZIMV) recently launched two biomaterials that add to its dental bone grafts portfolio. The RegenerOss CC Allograft particulate naturally blends cortical and cancellous bone particles. It’s for use in filling bony voids in a variety of dental applications. Meanwhile, ZimVie describes the RegenerOss bone graft plug as an easy-to-use grafting solution for filling […]
Henry Schein acquires majority stake in Biotech Dental
Henry Schein (Nasdaq:HSIC) announced today that it completed the acquisition of a majority ownership stake in Biotech Dental. Salon-de-Provence, France-based Biotech Dental provides dental implants, clear aligners and digital dental software. Melville, New York-based Henry Schein announced its plans to acquire a majority stake on Dec. 16, 2022. Biotech Dental’s offerings include Nemotec, an integrated […]
ZimVie is pulling its spine business out of China
Spine and dental tech company ZimVie (Nasdaq: ZIMV) reported fourth-quarter results that missed the consensus of Wall Street analysts. It also issued full-year 2023 guidance that was below consensus. On top of the Q4 miss, the Zimmer Biomet spinoff announced that its spine business would fully exit China due to its government’s volume-based procurement decisions. […]
Dentsply Sirona beats The Street in Q4 results
Dentsply Sirona this week announced fourth-quarter results that beat the overall consensus on Wall Street. The Charlotte, N.C.-based company reported net losses of $15 million, or -7¢ per share, on sales of $983 million, for the three months that ended December 31, 2022. It had a sales loss of 10.88% compared with Q4 2022 and […]
ZimVie launches new digital dental software modules
ZimVie (Nasdaq:ZIMV) announced that it launched its RealGuide CAD and Full Suite modules for its digital dentistry software platform. The Westminster, Colorado-based Zimmer Biomet spinoff plans to debut the offerings at LMT Lab Day in Chicago today. ZimVie’s CAD (computer-aided design) module introduces software for restorative design and manufacturing. The company said this allows for […]
Dentsply Sirona to lay off up to 10% of workforce in restructuring effort
Dentsply Sirona (Nasdaq:XRAY) announced a cost-saving restructuring plan that includes layoffs of up to 10% of its employees. Charlotte, North Carolina-based Dentsply plans to reduce its global workforce by 8% to 10% as part of its plan. The dental equipment maker’s most recent headcount had 15,000 employees, meaning the cuts could affect as many as […]
