Henry Schein (Nasdaq:HSIC) shares took a hit today despite fourth-quarter revenues that topped the consensus forecast. Shares of HSIC dipped 5.8% to $83.51 apiece in midday trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 11.1%. The Melville, New York-based dental device maker posted profits […]
Dental
Align Technology enters $250M accelerated stock repurchase agreement
Align Technology (Nasdaq:ALGN) announced today that it entered into a new accelerated stock repurchase agreement with Citibank. Tempe, Arizona-based Align agreed to repurchase $250 million of its common stock. It falls under its $1 billion stock repurchase agreement announced in May 2021. The company’s most recent buyback took place in October 2022 through a $200 […]
Align Technology posts sales loss of 12% in Q4
Align Technology (Nasdaq:ALGN) this week announced fourth-quarter results that beat the overall consensus on Wall Street. The Tempe, Arizona-based dental aligner maker reported profits of $41.8 million, or 54¢ per share, on sales of $901.5 million for the three months ended December 31, 2022, for a bottom-line loss of 78.1% on sales loss of 12.6% […]
Henry Schein acquires majority interest in Unitas PPO solutions
Henry Schein (Nasdaq:HSIC) announced today that its eAssist Dental Solutions subsidiary acquired a majority interest in Unitas PPO Solutions. Privately-held Unitas works with dental practices to assess their commercial insurance participation. It sets competitive fee-for-service rates and negotiates contracted reimbursement with commercial insurers. Melville, New York-based Henry Schein said in a news release that the […]
Henry Schein One, VideaHealth partner on AI-based dental tech
Henry Schein One and Internet Brands announced a partnership with VideaHealth to introduce an AI-enabled dental X-ray tool. As a result, the Henry Schein joint venture intends to introduce the Dentrix Detect AI-powered platform. Manufactured by VideaHealth, the system integrates directly into Dentrix practice management systems. This integration with VideaHealth’s computer-assisted detection device helps oral […]
FDA clears Neocis surgical robot for bone reduction
Neocis announced today that it received FDA 510(k) clearance for its Yomi surgical robot system for use in guided bone reduction. This represents the second FDA clearance for Neocis this year, and its 14th in total. Miami-based Neocis designed its Yomi surgical robot for dental surgery. It assists clinicians in the planning and operative phases […]
Dentsply Sirona stock dips on Q3 misses, lowered guidance
Dentsply Sirona (Nasdaq:XRAY) shares took a slight hit today on third-quarter results that came up shy of the consensus forecast. The Charlotte, North Carolina-based dental equipment and supplies maker posted losses of $1.1 billion in the quarter. That amounts to $5.01 per share on sales of $947 million for the three months ended Sept. 30, […]
ZimVie sticks by its full-year guidance
ZimVie (Nasdaq:ZIMV) reported mixed third-quarter results but reaffirmed its full-year guidance. Many medical device companies have been tightening or reducing guidance amid the present macroeconomic headwinds. With ZimVie announcing yesterday evening that it was holding the line, investors reacted by sending ZIMV shares up more than 28% to $9.42 apiece in trading the next morning. […]
ZimVie launches next-gen TSX implant
Zimmer Biomet dental and spine spinoff ZimVie (Nasdaq:ZIMV) announced today that it launched the TSX dental implant in the U.S. Westminster, Colorado-based ZimVie designed its TSX implants for immediate extraction and loading protocols. They also offer placement predictability and primary stability in soft and dense bone. The company developed TSX to deliver peri-implant health, crestal […]
Henry Schein posts mixed-bag Q3 results
Henry Schein (Nasdaq:HSIC) this week posted third-quarter results that beat the earnings consensus on Wall Street but missed revenue estimates. The Melville, New York-based dental device maker reported profits of $150 million, or $1.09 per share, on sales of $3.06 billion for the three months ended Sept. 24, for a sales loss of 3.49% compared […]
Dentsply Sirona says former top execs didn’t intentionally do wrong
Dentsply Sirona (Nasdaq: XRAY) announced today that its board’s audit committee found no evidence of intentional wrongdoing or fraud on the part of its former CEO or CFO. The dental tech company fired former CEO Don Casey in April. Previous CFO Jorge Gomez soon left his new job at Moderna. Former BD executive Simon Campion is now […]
