Dentsply Sirona Picks Up MIS Implants

by | Jun 30, 2016 8:00 am | Medical Devices

Just last September, Dentsply International (NASDAQ: XRAY) acquired Sirona Dental Systems (NASDAQ: SIRO) for $5.5 billion in an all-stock transaction. The acquisition added Sirona’s worldwide dental equipment business, which posted revenues of $1.15 billion (4.8x) on a trailing 12-month basis, and EBITDA of $280 million (19.8x). The transaction created the world’s largest maker of professional dental products and technologies, with net revenue of approximately $3.8 billion and adjusted EBITDA of more than $900 million on pro forma basis. Nine months later, the combined company, now known as Dentsply Sirona Inc., purchased the Israeli dental implant maker MIS Implants... Read More »
J&J Slices Its Medical Device Division

J&J Slices Its Medical Device Division

by | Jan 21, 2016 9:12 pm | Medical Devices

Johnson & Johnson (NYSE: JNJ) announced the restructuring of its medical devices business on January 19, 2016. Its 8K filing noted pre-tax restructuring charges of $2.0 billion to $2.4 billion, expected to be incurred this year, as well as a Q4:15 charge of approximately $600 million. About 4% to 6% of the division’s global workforce will get walking papers over the next two years, resulting in a $500 million charge for severance. On a more upbeat note, JNJ expects to see annualized pre-tax cost savings of $800 million to $1.0 billion. This move comes as the market for medical devices has slowed, particularly in the United States. As one of many cost-cutting measures, U.S.... Read More »

Dental Deal Hits the Spotlight

by | Sep 21, 2015 8:55 am | Medical Devices

It’s been a while since a dental deal made news. Last week’s largest deal was DENTSPLY International’s (NASDAQ: XRAY) $13.3 billion all-stock merger with Sirona Dental Systems Inc. (NASDAQ: SIRO). DENTSPLY designs, develops, manufactures and markets various consumable dental products for the professional dental market, while Sirona has a more technological spin on the market. It develops, manufactures and markets dental equipment worldwide through four segments, Dental CAD/CAM Systems; Imaging Systems; Treatment Centers; and Instruments. The merger will create the world’s largest maker of professional dental products and technologies, with net revenue of approximately $3.8 billion and... Read More »