NEW YORK, VANCOUVER, British Columbia, and DUBLIN, Calif.--HealthpointCapital, LLC has announced the acquisition of MicroDental Laboratories, Inc. by its portfolio company, DTI Dental Technologies, Inc.
MicroDental Laboratories is a leading cosmetic dentistry laboratory and maker of industry-leading MACVENEERS. In the past 42 years, it has developed strong relationships with the nation's most prominent cosmetic dentists and is renowned for supplying award-winning, custom-manufactured restorative, reconstructive and cosmetic dental products such as crowns, bridges, veneers, implants and dentures.
Prior to this transaction, MicroDental had been a portfolio company of Riverside Partners since 2001. Terms of the transaction were not disclosed.
"The dental market represents one of the fastest growing sectors in the medical technology industry," stated John H. Foster, chairman of the Board of DTI and chairman and managing director of HealthpointCapital. "The dental laboratory industry is a primary beneficiary of the public's increasing interest in and willingness to pay for improved dental function and aesthetics. We were particularly attracted to MicroDental because of its strong brand, the depth of its management team and staff and the relationships it has built through unparalleled service to cosmetically-oriented dentists. The combination of Micro and DTI will create significant value because of its increased ability to utilize the latest in technology and provide continuing education to its technicians and dentists while maintaining the service levels our clients expect."
Fred Walke, president of Micro, said, "Our management team is excited about the opportunity to join with DTI. As the third largest company in the industry, and the leading provider to the cosmetic dentistry market, we will be able to bring even more value to our customers."
