Medical device company Stryker (NYSE:SYK) said it hired William Jellison, the finance chief for Dentsply International (NSDQ:XRAY), to be its new CFO.
Dental
Biomet opts out of dental business sale
Biomet said it plans to hold onto its dental business after all, having mulled divesting the unit over the past 10 months.
Last June the privately held orthopedics giant said it was testing the waters of a possible sale or spinout for Biomet 3i.
The board of the holding company that owns Biomet decided March 27 "not to proceed with a spin-off," according to a regulatory filing.
Align beats The Street and rises on record 2012 sales
Orthodontic devices maker Align Technology (NSDQ:ALGN) won big points on Wall Street today after releasing a strong 4th quarter earnings report, beating expectations and issuing optimistic projections for 2013.
Dental: Biolase gains on Q4 prelims
Invisalign trailblazes a path direct to the consumer| A conversation with Align Technology CEO Tom Prescott
Crooked-toothed teens may want to consider sliding a picture of Tom Prescott next to that fading "Twilight" poster on the wall.
Sirona gets some Wall Street love with 150% growth in Q4 profits and a new CEO on the way
Sirona Dental Systems (NSDQ:SIRO) gained some points with Wall Street today after posting a strong 4th quarter and 2012 fiscal year earnings report and naming a successor for outgoing CEO Jost Fischer.
SIRO shares were up 7.6% to $61.41 as of about 1 p.m. today after the company held its quarterly earnings call earlier in the morning.
Dentsply’s a mixed bag in Q3
Dentsply International (NSDQ:XRAY) reported a 12.3% increase in sales during the 3 months ended Sept. 30, 2012, but saw a 11.9% decline in net income.
Legal: 3M goes after Rocky Mountain Orthodontics
Dentsply can’t shake Cavitron lawsuit
Dentsply International (NSDQ:XRAY) can’t escape a putative class action lawsuit accusing it of selling defective Cavitron ultrasonic teeth-cleaning tools, a federal judge in Pennsylvania ruled last week.
Henry Schein nabs 3 in dental and distribution
Henry Schein (NSDQ:HSIC) announced today that it had made 3 crucial acquisitions in line with the company’s 2012-2014 strategic plan.
The healthcare products conglomerate acquired orthodontics devices maker Ortho Technology, medical distributor Modern Laboratory Services, and dental dealer Accord. The trio of companies represent annual sales of nearly $61 million.
Biomet says distributor broke their deal with sales to Iran
Biomet Inc. said that a third-party distributor in the Middle East sold some of its dental products in Iran, violating the terms of their agreement.
Responding to a March 19 letter from Cecilia Blye, chief of the U.S. Securities & Exchange Commission’s office of global security risk, Biomet said in a regulatory filing that the deal limited sales to specific countries. That means "any sales to customers in Iran since the beginning of fiscal year 2010 violated that agreement," according to the filing.