DENTSPLY SIRONA (Nasdaq: XRAY), a $3.3b provider of dental technologies, equipment and consumables has acquired Propel Orthodontics, developer of the VPro, a vibratory orthodontic device that seats aligners in 5 minutes a day for at-home use. The VPro device is used with Propel’s Fastrack Mobile App that patients can use to track usage and share information with providers online. The addition of the Vro5 helps DENTSPLY penetrate the clear aligner market and adds to the Company’s existing Byte and SureSmile offerings. DENTSPLY purchased in-office aligner brand SureSmile in December 2020 and paid $1.04b for Byte and its at-home aligner enabling patients to make impressions at home that are then sent to doctors, dentists and orthodontics in January 2021. Deal terms – $131m.
Keywords: Healthcare Investment Banking, Healthcare M&A, Healthcare Mergers, Dental