The divestment of Futuredontics is part of Dentsply Sirona’s plan to focus on the core business and deliver innovation.
“We are very happy that Congdon Street LLC will take over the ownership of Futuredontics. Fred Joyal is well-known and appreciated within the company and the industry and has strongly contributed to the success of the company in the past,” comments Walter Petersohn, Chief Commercial Officer at Dentsply Sirona. “We are convinced that with Congdon Street LLC as new owner of the company, Futuredontics will continue its success story. We look forward to continue working with Fred Joyal and the Futuredontics team.”
“We are extremely pleased that this transaction creates an opportunity from which both sides will benefit,” says Fred Joyal, of Congdon Street LLC and former CEO and Co-Founder of Futuredontics. “Futuredontics will remain an important partner of Dentsply Sirona while, at the same time, we will be able to focus even stronger on our own specific customer base and further develop our company as an independent business. The Futuredontics team and I are eager to serve our customers in new and exciting ways.”
The parties have agreed not to disclose financial terms of the transaction.
Founded in 1986 in the U.S., Futuredontics is the parent company of 1-800-DENTIST, the premier consumer brand in dental marketing, as well as a new online consumer destination for dentistry (Dentistry.com), and a sophisticated patient communications software product (PatientActivator). Futuredontics optimizes the dental patient lifecycle by coupling world-class marketing and office support services with unparalleled service. The company is based in Los Angeles and has 150 employees. Fred Joyal co-founded 1-800-DENTIST in 1986 and is a renowned industry expert and veteran.
Congdon Street LLC is an investment company focused on the health care industry.
ABOUT DENTSPLY SIRONA
Dentsply Sirona is the world’s largest manufacturer of professional dental products and technologies, with over a century of innovation and service to the dental industry and patients worldwide. Dentsply Sirona develops, manufactures, and markets a comprehensive solutions offering including dental and oral health products as well as other consumable medical devices under a strong portfolio of world class brands. As The Dental Solutions Company™, Dentsply Sirona’s products provide innovative, high-quality and effective solutions to advance patient care and deliver better, safer and faster dental care. Dentsply Sirona’s global headquarters is located in York, Pennsylvania, and the international headquarters is based in Salzburg, Austria. The company’s shares are listed in the United States on NASDAQ under the symbol XRAY
Visit www.dentsplysirona.com for more information about Dentsply Sirona and its products.
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