Dentsply Sirona (Nasdaq:XRAY) announced today that it is launching new products and services, including the new Primescan Connect. The company said in a news release that it expects the product launches to “bring dentistry to a new level.” Primescan Connect is a laptop-based version of the company’s cart-based Primescan intraoral scanner. It is powered by […]
Dental
The 10 largest medtech employers — and what their employees really think
Employees of the 10 largest medtech employers are happy to be a part of companies having a positive impact on patient populations. That was one major takeaway as MassDevice compiled some current and former employee reviews posted on Glassdoor. Medtronic, Philips and Johnson & Johnson MedTech top the list of largest medtech employers. The 10 […]
Another C-level executive leaves Dentsply Sirona
Dentsply Sirona (Nasdaq:XRAY) announced that SVP and chief commercial officer Walter Petersohn is leaving the company. Petersohn’s departure comes among a slew of exits as Dentsply handles an internal investigation into its financial practices. The Charlotte, North Carolina–based dental products and technologies company is investigating its use of incentives to sell products to distributors during […]
Henry Schein makes $400M increase to share repurchase plan
Henry Schein (Nasdaq:HSIC) announced today that its board of directors authorized a repurchase plan worth up to $400 million. Melville, New York–based Henry Schein’s authorization of the repurchase of up to $400 million in shares of the company’s common stock adds to a $400 million repurchase program announced in May 2021. That plan from more […]
ZimVie sales down more than 11% in Q2 as it streamlines after spinoff
ZimVie (Nasdaq: ZIMV) saw declining revenue and widening losses during its first full quarter independent of Zimmer Biomet. The company also reported yesterday evening that it is reducing full-year guidance. ZIMV shares are down more than 11% to $17.56 apiece this morning on the news. MassDevice‘s MedTech 100 Index, which includes stocks of the world’s […]
Dentsply Sirona replaces chief accounting officer amid internal investigation
Dentsply Sirona (Nasdaq:XRAY) announced that it parted ways with its chief accounting officer and has named a replacement. Charlotte, North Carolina–based Dentsply and Ranjit S. Chadha agreed upon a separation between the two parties last week. The separation will be made effective Sept. 2, while the company yesterday hired Richard M. Wagner to serve as […]
Internal investigation continues at Dentsply Sirona
The Dentsply Sirona (Nasdaq:XRAY) board’s audit committee continues to work with independent counsel and advisors to investigate potentially questionable financial practices. The Charlotte, North Carolina–based dental products and technologies company announced yesterday that it is still unable to file official quarterly reports. It’s notified the Nasdaq markets that it cannot meet a previously agreed upon […]
Envista shares tick up on Q2 revenue miss
Envista (NYSE:NVST) this week posted second-quarter results that beat the earnings consensus on Wall Street but missed revenue estimates. The Brea, California-based dental technology company reported profits of $47.1 million, or 26¢ per share, on sales of $645.8 million for the three months ended July 1, for a bottom-line loss of 47.7% on sales growth […]
Henry Schein misses on Q2 sales amid declining demand for COVID-19 tests
Henry Schein (Nasdaq:HSIC) shares are down today on second-quarter sales that missed the Wall Street consensus forecast amid declining COVID-19 test demand and foreign exchange headwinds. The Melville, New York–based company posted profits of $160 million, or $1.16 per share, on sales of just over $3 billion for the three months ended June 25, 2022, […]
Biolase appoints chief financial, operating officers
Biolase (Nasdaq:BIOL) announced today that it appointed Jennifer Bright as its new CFO and Steven Sandor as its new COO. Lake Forest, California-based Biolase — a developer of laser technologies for the dental space — made the promotions of both executives effective immediately. Both will report to Biolase President and CEO John Beaver. Bright has […]
Henry Schein completes Condor Dental acquisition
Henry Schein (Nasdaq:HSIC) announced today that it completed its previously announced acquisition of Condor Dental Research Company. Melville, New York-based Henry Schein announced the acquisition, for which financial terms were not disclosed, a month ago on June 7. It acquired Condor from MCCB Holding Sarl and expects the transaction to be neutral to its 2022 […]