Aspire Software’s Post

🤝 Dental Practice Management Software M&A News 🏦 Valsoft Corporation Inc., a company based in Quebec, Canada, specializing in the acquisition and development of vertical market software businesses, has acquired Progitek / Dentitek, a dental practice management software solution provider founded in 1995. The Dentitek platform is popular with dental practices and dental support organizations (DSOs) operating in Quebec, where the official language is French. Progitek’s founder, Eric Vezina, will continue in his role following the acquisition. The fifth acquisition in the Health and Dental sector for Valsoft, Progitek will have the opportunity to work with Valsoft’s operating arm, Aspire Software, to strengthen its market presence and significantly enhance its products and services. Valsoft previously closed USD $170 million in growth funding to expand its portfolio which includes companies in over 40 verticals, including information technology, retail and point of sale, aviation, education, transportation and logistics, among others. That investment was led by Coatue and Viking Global Investors, which acquired a minority stake in Valsoft in March 2022 for USD $100 million. Source: Valsoft Corporation Inc. 🔔 Follow me for more dental industry M&A news, insights and analysis 🧠 #SinaAmiri #healthcare #technology #venturecapital #privateequity

E78's #Healthcare Managing Director, Duff Bourassa, MBA, was featured in a DrBicuspid article by Beth Gaddis about top tips for dental care practice owners.    Having participated in over 20 M&A transactions within the dental industry, Duff debunked the myth that private practice owners have to give up their clinical autonomy as the result of an acquisition.   "Most DSOs want you to work for at least two years. The more time you commit to staying, the more likely you'll get a better offer from a potential buyer." Read the full article here: https://lnkd.in/eGWMYEJb   #MergersAndAcquisitions #DentalServiceOrganizations

Stepping into a dental practice post-acquisition? Here's what to expect! Staff dynamics can be tricky. Build trust with open talks and team activities. It brings everyone together. New systems can feel big. Take it slow, train your team, and maybe get a digital helper. Smooth sailing ahead. Patients might worry about changes. Introduce yourself warmly. Show them they matter. Happy patients stay loyal. Tech upgrades are a must. Choose wisely to improve care. There are smart ways to manage costs. UK laws keep us on our toes. Stay sharp with updates and expert advice. It keeps your practice safe and sound. Unexpected? Yes. Unmanageable? Never. You've got this. Every challenge is a step to success. Want to make informed dental acquisition decisions?, visit our website at https://lnkd.in/eCkBXind or email us at info@prospect-estates.com for informed dental acquisition decisions today What challenges have you faced or expect to face in your dental practice journey? Share below or repost to help others! #ProspectEstates #HealthcareAcquisitions #InnovativeHealthcare #BusinessValuations

💥 UptimeHealth, a leader in healthcare technology solutions based in Boston, Massachusetts, is proud to announce the successful acquisition of Dental Whale®, the leading dental practice solutions and learning provider in North America, including its subsidiaries, Dental Fix, Florida Dental Repair and Front Office Rocks. 📈 These expansions enhance UptimeHealth's offerings and signal the launch of UptimeServices, a new subsidiary focused on expanded service solutions within the healthcare and dental industries. 🤝 This acquisition and series of partnerships signify a critical expansion in UptimeHealth’s trajectory, coinciding with the unveiling of UptimeServices. 🏥 UptimeServices is designed to play a crucial role in our strategy to elevate access to service for providers, improve standards of service, and facilitate education to aspiring technicians across healthcare settings. 💬 Jinesh Patel, Founder & CEO of UptimeHealth, says, “The acquisition of Dental Whale represents significant advancements towards our vision of enhanced healthcare management. These additions, and the announcement of UptimeServices, demonstrate our commitment to improving our offerings, deepening our industry expertise, and allowing us to deliver unparalleled value to our clients.” 💬 Russ Baker, previously Equipment, Service & Supplies Leader at Dental Whale, states, “This new chapter under UptimeHealth and UptimeServices is an exciting development for us at Dental Whale and Dental Fix. We look forward to a deeper integration with UptimeHealth’s innovative ecosystem and continuing to deliver exceptional services to the dental community.” 👇 Click the link in the first comment below this post to learn more. Source: Uptime Health #SinaAmiri #healthcare #dentistry #mergersandacquisitions

Several new DSOs have emerged in recent years with unique operational models and growth strategies to support their networks and recruit dentists. Here is an inside look into three unique DSOs:

Peak Rock Capital, a middle-market private equity firm, has signed a definitive agreement to acquire HuFriedyGroup from STERIS plc (NYSE: STE) in a $787.5 million transaction. The transaction is structured as an equity sale. The terms also include the opportunity for STERIS to receive an additional earnout of up to $12.5 million, subject to the achievement of certain revenue targets of the dental segment in fiscal 2025. HuFriedyGroup reported revenue of $407 million and contributed segment operating income of $86 million in the trailing twelve-month period ended December 31, 2023. The transaction is subject to customary closing conditions, including regulatory review. It is anticipated to close in the first quarter of fiscal year 2025. STERIS intends to use the proceeds primarily to repay debt. On a full year run rate basis, STERIS expects the resulting benefit of the reduction in interest expense to be approximately $0.35 per diluted share. Founded in 1908, HuFriedyGroup is a leading global manufacturer of high-quality instruments, infection prevention products, instrument management systems, and conscious sedation products for the dental industry. Headquartered in Chicago, HuFriedyGroup has industry leading brands, including Hu-Friedy, Crosstex, Omnia, and Accutron. The company serves customers in ~100 countries, and is supported by a base of ~1,500 employees across over 20 global manufacturing facilities and locations. 🔔 In addition to my company helping multi-site dental service providers with revenue cycle management and AI technology innovation, I share daily news and insights about the field of dentistry. Follow me to stay informed. Disclaimer: This LinkedIn post is for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities. #SinaAmiri #healthcare #medical #dental #mergersandacquisitions

SmileDirectClub $8.9 BN IPO - 2019 Bankrupt - 2023 While aggressive marketing and expansion strategies may capture the market's attention, the ultimate barometer of a healthcare company's success lies in its ability to sustain a favorable Lifetime Value to Customer Acquisition Cost (LTV:CAC) ratio. In the relentless pursuit of growth, one cannot lose sight of business model fundamental. Clinical issues like pulpal involvement, root resorption, and gingival recession coupled with poor clinical results, strike at patient health and trust—key drivers of LTV. Such issues can lead to a costly patient acquisition spiral, threatening the business's future. With patients, more cautious then ever, expected to return to trusted professional care in the wake of uncertainty, Align Technology stands to fundamentally gain and further solidify their market leading position. The message is clear; A healthcare business's longevity is firmly rooted in clinical performance, with every other strategy building upon this foundation. #Orthodontics #DTCAligners #ClinicalExcellence #BusinessResilience #smiledirectclub #orthodontics

Henry Schein, Inc. (Nasdaq: HSIC), the world’s largest provider of health care solutions to office-based dental and medical practitioners, today reported financial results for the first quarter ended March 30, 2024. “Our first-quarter financial results reflect solid earnings driven by gross margin expansion and a strong recovery from last quarter’s cyber incident,” said Stanley Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. “We continue to make good progress on executing our BOLD+1 Strategic Plan and are pleased with the contribution from our recent acquisitions.” “We are affirming our expectations for 2024 non-GAAP diluted EPS and 2024 Adjusted EBITDA growth and tightening our expectations for 2024 total sales growth. Our projected sales growth reflects continued recovery from last year’s cyber incident and a strong pipeline of new specialty products and software innovation,” Mr. Bergman added. 🔴 First-Quarter 2024 Financial Results Total net sales for the quarter were $3.2 billion, an increase of 3.7% compared with the first quarter of 2023. Internal sales decreased 1.8% which includes: an approximate 300 to 400 basis points decrease in sales from the residual impact of last year’s cyber incident, and a 60 basis point decrease in sales due to lower personal protective equipment (PPE) sales, primarily due to lower glove pricing. GAAP net income for the quarter was $93 million, or $0.72 per diluted share, and compares with first-quarter 2023 GAAP net income of $121 million, or $0.91 per diluted share. Non-GAAP net income for the quarter was $143 million, or $1.10 per diluted share, and compares with first-quarter 2023 non-GAAP net income of $161 million, or $1.21 per diluted share. Adjusted EBITDA for the quarter was $255 million, consistent with the first-quarter 2023 Adjusted EBITDA of $256 million. 👇 Click the link in the first comment below this post for more information. Source: Henry Schein, Inc. 🔔 In addition to my company helping multi-site dental service providers with revenue cycle management and AI technology innovation, I share news and insights about the field of dentistry 365+ times per year. Follow me to stay informed about what's happening in the healthcare sector. Disclaimer: This LinkedIn post is for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities. #SinaAmiri #healthcare #dental #medical #supplychain

The ear, nose and throat, or ENT market, also known as otolaryngology, encompasses a wide range of services. For our purposes, we categorize all ENT and allergy-related services under the ENT M&A subsector. This classification is based on the comprehensive expertise of otolaryngologists, who are trained in both medical and surgical treatments pertaining to the head and its associated areas. The ENT market has experienced an influx of deal activity over the last few years. In this paper, Kate Humphrey takes a closer look at why the ENT market has attracted so much attention and what future consolidation may look like. #healthcare #ent #healthcarefinance #healthcareinvesting #healthcaremarket #mergers #acquisitions https://lnkd.in/e6c3u5qb

See how CareStack®️ scaled 15+ locations of Alpha Dental practices for centralized, streamlined operations: https://bit.ly/3U8eSxy Penny Filipe, regional manager of Alpha Dental: “CareStack is improving every day. There is nothing out there that compares.” The all-in-one, cloud-based practice management software for dental professionals. With CareStack®️ achieve operational efficiencies, clinical excellence, and growth.