Remedent N.V., a wholly-owned subsidiary of Remedent USA, Inc., a developer and worldwide supplier of high-technology dental equipment and oral hygiene products, today announced the acquisition of a dental employee outsourcing firm in Belgium.
IMDS, International Medical & Dental Support, specializes in the outsourcing of Belgium dentists into the Dutch dental market. With the closing of numerous universities and the increasing limitations on the number of dentistry students, the Dutch market is experiencing a significant deficit in dentists, resulting in excess demand for qualified practitioners, and waiting lists in Holland of 8 to 12 weeks. Belgium dentists are in the highest of demand due to the region's extremely close proximity, higher degree of education and compatibility with local languages and culture.
"This acquisition marks an extremely positive progression towards the full implementation of our complete corporate reorganization plan," said Remedent Chief Financial Officer Stephen F. Ross. "IMDS represents an ideal first acquisition to mark our entrance into the employee outsourcing market. Additionally, we believe the connection to dental offices within the European market will provide valuable inroads for our new professional dental technology."
With operations in the United States and Europe, the Company develops and markets high-technology dental equipment within the professional dental market. The Company's objective is to become a leading developer and manufacturer of high-technology dental equipment and operator of employee outsourcing firms, capitalizing on the synergies and marketing inroads each division provides.
