Birmingham, Alabama, and Dublin, California February 21, 2008 /PRNewswire/ --BioHorizons, Inc. (“BioHorizons” or the “Company”) has been formed to create a leading digital dentistry company in the dental implant market by combining DTI Dental Technologies, Inc. and BioHorizons Implant Systems. The uniqueness stems from expertise in the digital world provided by a large scale dental laboratory and the implant expertise provided by a leading dental implant company.
Digital dentistry is the future of implant dentistry. The sophisticated dental laboratory has almost all of the experience and knowledge of digital data gathering, computer aided design of crowns and abutments, and computer aided manufacturing. Today, virtually no dental implant company has knowledge of or experience with digital technology or its use. Long term, leadership and success in the dental implant industry will go to early adopters who can execute, support, and deliver to dentists a digitally designed and manufactured, complete and customized set of products and tools for each patient procedure. BioHorizons, Inc. will be the first dental implant company in the age of digital dentistry.
BioHorizons’ headquarters will be in Birmingham, Alabama. The combined company generated approximately $150 million in revenues in 2007, making it one of the largest implant dentistry companies in the world. The Company will have 23 operating facilities in North America, eight international facilities and over 1,000 employees. Most importantly, this marriage creates a differentiated restorative dental company that has the most complete product offering in the industry. This provides BioHorizons the ability to streamline the implant and restorative process creating a more efficient continuum of care and superior patient outcomes.
“This development creates a leader in restorative and implant dentistry” stated R. Steven Boggan, President and CEO of BioHorizons. “We are confident that we can decrease treatment times while simultaneously improving patient outcomes. Being the only company with direct experience from surgical planning through final restoration, we offer our current and future customers superior service.”
Wallace Sholdice, President of DTI explained, “We are very excited about this combination. BioHorizons and DTI share a vision for how to move the practice of dentistry into the digital age, especially implant dentistry. We will have the resources and expertise to provide significant value to our customers, particularly through continuing education and marketing programs that only an integrated company like BioHorizons can offer.”
Canaccord Adams acted as financial advisor in the merger.
For More Information:
Steve Boggan
President and CEO of BioHorizons, Inc.
205.967.7880
About BioHorizons Implant Systems, Inc.
BioHorizons was founded in 1994 based on technology developed at the University of Alabama at Birmingham. The company has a broad product offering of dental implants including Tapered Internal, Single-stage, Internal, External, One-piece 3.0, and Overdenture. BioHorizons has exclusive distribution agreements with LifeCell Corp. and Osteotech, Inc. to market their allograft regeneration products to the dental community. The company has a direct sales force in the U.S., Canada, Germany, Spain, United Kingdom, Australia, Mexico, and Chile. Products are distributed in the rest of the world via a network of independent distributors.
www.biohorizons.com
About DTI
DTI is the only dental laboratory network that provides innovative full practice growth support to dentists who want to excel above the status quo. The Company is a leader in digital dentistry which includes CAD/CAM restorations. Strategically located throughout North America, DTI’s laboratory network extends beyond a simple dental laboratory support as each laboratory represents an epicenter of innovation and artistry for the benefit of each practice we serve.
www.dtidental.com
