Dental Distributor Enters Rehab With AbilityOne, Boosts Territorial Sales Reps
This article was originally published in The Gray Sheet
Executive Summary
Patterson Dental will retain AbilityOne's management team and physical therapy sales force upon closing a $575 mil. purchase of the privately held rehab business by Oct. 25
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German Dental Firm Sirona Buys Schick To Integrate Imaging Systems
Sirona Dental Systems' $1.46 bil. purchase of Schick Technologies will allow the firms to combine their imaging technologies into integrated units
German Dental Firm Sirona Buys Schick To Integrate Imaging Systems
Sirona Dental Systems' $1.46 bil. purchase of Schick Technologies will allow the firms to combine their imaging technologies into integrated units
Financings In Brief
WorldHeart relisting: Stock (WHTOF) resumes trading on Nasdaq at $9.50 following seven-to-one consolidation approved by shareholders Nov. 25, 16 months after being delisted. On Sept. 23, the company issued $63.5 mil. in common stock and converted $58 mil. of preferred shares into roughly 5 mil. common shares. Shareholders also agreed to convert the remaining $20 mil. in preferred shares and $3.5 mil. in accrued dividends. Following the restructuring and consolidation, the Ottawa firm has no preferred shares outstanding, about 15 mil. common shares and no debt. WorldHeart recently announced a new strategy for the U.S. marketing of its Novacor left-ventricular assist device, taking advantage of Medicare reimbursement for investigational LVADs (1"The Gray Sheet" Nov. 10, 2003, p. 39)...