December 28, 2021

Last week, Envista Holdings Corporation announced it has entered into a definitive agreement to acquire Carestream Dental's intraoral scanner (IOS) business for $600 million. Talk about a Christmas gift.

For those who don't know, Envista owns a family of more than 30 dental brands, including KaVo, Kerr, Nobel Biocare, and Ormco. Carestream Dental IOS will be another acquisition. 

This acquisition is in line with Envista's long-term strategy to "focus on the fastest growing segments of the dental market and to create differentiated solutions via the digitalization of dental workflows". Without a doubt, digital dentistry is one of the fastest growing segments of the industry.

Envista Holdings Corporation CEO Amir Aghdaei said, "Intraoral scans are often the first step in the digital workflow and critical to many high value dental procedures including implants, prosthetics, and aligners.  We are excited to add a suite of world-class intra-oral scanners and software to our portfolio.  This acquisition further enables our purpose of partnering with dental professionals to improve patients' lives by digitizing, personalizing, and democratizing dental care."

According to the press release, Carestream Dental IOS has expected annual sales of around $60 million in 2021. This means that Envista paid $600 million for a $60 million a year business, meaning a 10x multiple on revenue not EBITA. We are talking huge numbers.

It will be interesting to see what this means for the future of Carestream Dental intraoral scanners. They are decent scanners but have fallen behind in terms of software as of late. Could this be the boost the company needs to become a market heavy hitter again? Will we see Carestream Dental scanners built into KaVo chairs? Time will tell.

To read the full press release click here.

About the author 

Dr Ahmad Al-Hassiny

Dr Ahmad is a global leader in digital dentistry and intraoral scanners, carrying out lectures as a KOL for many companies and industry. He is one of the few in the world who owns and has tested all mainstream scanners and CAD/CAM systems in his clinic. Dr Ahmad Al-Hassiny is a full-time private dentist in New Zealand and the Director of The Institute of Digital Dentistry (iDD), a world-leading digital dentistry education provider. iDD offers live courses, masterclasses, and an online training platform, with a mission to ensure dentists globally have easy and affordable access to the best digital dentistry training possible.

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