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Align Technology acquires intra-oral scanning provider Cadent for $190 million March 31, 2011

Posted by israelhealthcare in Medical Device, orthodontic.
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Align Technology, the manufacture of invisalign system for treating misalignment of teeth, has acquired intra-oral scanning provider solutions Cadent for $190 million in cash. The acquisition will accelerate adoption of intra-oral scanning among dental professionals and create greater value for existing Invisalign users.

The acquisition of Cadent follows the January 2011 announcement of a joint development agreement between Align and Cadent to co-develop Invisalign software applications that will run on Cadent scanners. The acquisition builds on the development agreement by providing a dedicated digital scanning platform for delivering Invisalign chair-side applications to dental practitioners and extends Align’s presence into restorative dentistry.

As part of an ongoing program to evaluate interoperability of intra-oral scanning systems for future use with Invisalign treatment, Align is in final beta tests with Cadent’s systems and expects to announce interoperability for their scanners in the second quarter of 2011.

Cadent is a provider of 3-D digital CAD/CAM solutions for the orthodontic and dental industries. Cadent’s offerings improve the efficiency and effectiveness of orthodontic and dental treatments while increasing the revenue of dental healthcare providers.

Headquartered in Carlstadt, New Jersey and with a development center in Or Yehuda, Israel, Cadent is backed by a syndicate of venture capital investors including Fortissimo Capital, Apax Partners, Panorama Capital (JPMorgan Partners), IBT, STAR Ventures and SV Life Sciences.

Align Technology is a public traded medical device company, designs, manufactures and markets Invisalign, a proprietary method for treating malocclusion, or the misalignment of teeth. Invisalign corrects malocclusion using a series of clear, nearly invisible, removable appliances that gently move teeth to a desired final position. The company ended 2010 with record net revenues of $387 million, an increase of 24% from $312.3 million reported for fiscal 2009, and with a net profit of $74 million.

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