BREA, CA, USA: Envista Holdings will provide Nobel Biocare dental implant products, services and training to more than 500 clinics that operate under the wing of Canada’s largest dental support organization (DSO), dentalcorp. The dental giant said the agreement expands its existing partnership with the DSO and that more than 1,500 dentists affiliated with dentalcorp will have access to Nobel Biocare’s extensive implant portfolio and training program.
Dentalcorp has worked with Nobel Biocare since the DSO was founded in 2011. During their partnership, the two companies have invested resources to expand dental implant treatment at dentalcorp clinics and have trained hundreds of dentists in implant placement. implants, Envista said in A declaration. As part of this expanded partnership, Nobel Biocare will support dentalcorp’s extensive network of dentists and help the DSO grow further by providing high-quality dental implant products and treatment services to patients in Canada.
Envista CEO Amir Aghdaei commented in the release, “We are delighted to be dentalcorp’s preferred dental implant supplier. Implants are one of the fastest growing segments of dentistry and dentalcorp is a respected and growing provider of dental implant treatments. We look forward to strengthening our partnership with this leading DSO. Dentalcorp’s focus on supporting clinicians at every stage of their professional career aligns well with Envista’s goal of partnering with dental professionals to improve lives. This partnership further accelerates our journey towards digitalization, personalization and democratization of the dental industry.
Dentalcorp was founded by CEO and Chairman Graham Rosenberg, and in 2021 it went public in the largest IPO in Canadian healthcare history, raising C$950 million ($656 million). euros) to fuel its continued growth.
During the first quarter of this year, dentalcorp achieved sales of C$280.2 million and completed 16 acquisitions which brought the DSO 42 new clinics. In the report of the company’s latest financial resultsRosenberg said, “This quarter marked an important milestone as we acquired our 500e practices and testifies to the relationships of trust that we have established over the past decade with our partner dentists and with the dental community in general.
Envista owns more than 30 dental brands and its DSO business grew by at least 25% last year, bringing its revenue from sales to corporate dental clinics to about 10% of its total sales.
Canada is currently lagging behind its southern neighbor in dental market consolidation
Although it represents a significant share of the lucrative North American dental market, Canada currently lags behind its southern neighbor in terms of dental market consolidation. At the start of 2020, the level of consolidation in the Canadian dental market was about a decade behind that of the United States, according to Group Dentistry Now. The specialist news website reported that between 3% and 4% of Canadian dental clinics were affiliated with a DSO in 2020, significantly less than the 25% of clinics that operated under DSOs in the United States the same year.
The second largest DSO in Canada is 123Dentist, a national network of clinics that has grown significantly since the start of the SARS-CoV-2 pandemic. Founded in 1993 in Vancouver under the West Coast Dental Clinic brand, 123Dentist had 175 clinics as of May 2020, and now has over 250 locations and 3,000 employees under its auspices.