Patterson Companies report record 2015 Q4, Ultradent receives ethics award, new Biolase CEO & more – 11 dental company key notes

 

Here are 11 recent news updates on dental device and practice management companies. 

 

 

Biolase named Harold Flynn Jr., as their new CEO, effective July 13. The current CEO, Jeffrey Nugent, will remain on the board as a director, reports the Orange County Business Journal.

Patterson Companies reported a record fiscal 2015 fourth quarter operating results. Dental sales expanded by 10.3 percent ($679.1 million) from last year on a constant currency basis, reflecting strong equipment sales. Overall sales totaled $1.1 billion, up 6.7 percent on constant currency basis, with adjusted earnings per diluted share of $0.68.

Ultradent Products received The Golden Hands Award of Xcellence for Ethics & Truth in Advertising at the California Dental Association.

Stanley M. Bergman, chairman of the board and CEO of Henry Schein, gave commencement addresses at three elite dental schools, where he challenged the graduates to advance their careers by asking: "why not?" The company, with Temple University's Maurice H. Kornberg School of Dentistry in Philadelphia, announced the Henry Schein Digital Center of Excellence.

Zest Anchors now offers a 10 year warranty for its narrow diameter dental implants.

Ivoclar Vivadent donated $100,000 for aid to Nepal in the aftermath of the earthquake. Ivoclar Vivadent will also provide sustained assistance in the re-establishment of dental services in the country.

DENTSPLY International's board of directors declared a quarterly cash dividend of $.0725 per share of common stock, an annual rate of $.29 per share, reports MarketWatch.com. Board member Leslie Jones has also retired from the company.

Carestream's Clinical Collaboration Platform and their Portal for Telemedicine platform were among the new IT products the company was set to exhibit at HIT 2015 in Paris.

Danaher Corporation was featured in Bloomberg with the headline "What Makes Danaher Corp. Such a Star?" Reporter Justin Fox goes on to say, "There are a few companies with even more impressive long-run returns than this… Danaher is in rarified territory, but it doesn't get much attention." Ann Jim Kelleher at Argus Research reiterated their buy rating on Danaher, placing $95.00 price target on the stock, reports Markets.co.

Wall Street analysts covering 3M have set their target price at $169.11. Analysts also predict the company will report $2.01 earnings per share when they next issue their quarterly release in late July, reports TheMarketsDaily.

Aspen Dental plans to open six locations in Missouri, reports St Louis Business Journal.

 

Read more dental news:
Temple & Henry Schein to open digital technology center: 3 things to know
Henry Schein's chairman, CEO challenges dental school graduates: 3 things to know
University of Utah opens $36M oral health sciences building — 6 things to know

 

 

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