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| MIS Implants' V3 implant--Courtesy of MIS Implants Technologies |
Hot on the trail of dental device acquisitions, dental implant giants Straumann and Dentsply International ($XRAY) are reportedly weighing a deal for Israel's MIS Implants Technologies.
Nothing is set in stone but MIS' owner, buyout firm TA Associate Management, could find a buyer for the company in the first half of the year, Bloomberg reports. York, PA-based Dentsply and Switzerland's Straumann have not made a final decision and could decide against bidding for MIS, people familiar with the matter told the news outlet.
Meanwhile, TA Associates will work with William Blair on a sale, which could fetch about $400 million, Bloomberg reports. MIS, which was acquired by TA Associates in 2011, sells its dental implants and products in more than 60 countries. In June, the company launched an implant, dubbed V3, that includes a triangular shape and helps facilitate bone regrowth.
A deal would come amid increased M&A in the dental implant market. In 2014, Danaher ($DHR) said that it would snatch up Nobel Biocare for $2.2 billion to become a leader in dental equipment and consumables. Nobel held about 17% of the dental implant market in 2013, and Straumann held 18%.
In September, Dentsply and Sirona Dental Systems ($SIRO) inked the largest dental devices deal to date, merging in an all-stock deal valued at about $13.3 billion. The combined company, Dentsply Sirona, will offer specialty products such as root canal instruments and consumable medical devices including urology catheters and medical drills. Dentsply Sirona is forecast to have annual revenues of about $3.8 billion and earnings of more than $900 million, the companies said at the time of the deal.
"Combining Sirona's proven digital solutions and equipment with Dentsply's leading consumables platform creates the most comprehensive dental solutions offering available to meet customer demand in every key segment. I look forward to leading the talented teams of both Sirona and Dentsply as we drive the global digitization of dentistry, offer superior solutions to customers and patients and create The Dental Solutions Company," Dentsply Sirona CEO Jeffrey Slovin said at the time.
- read the Bloomberg story
Special Report: Top 10 medical device deals of 2011 - Dentsply/Astra Tech