Dentsply Sirona Inc. Overview

Dentsply Sirona Inc.

For the dental market, Dentsply Sirona Inc (Dentsply Sirona), formerly Dentsply International Inc., designs, develops, produces, and sells a wide range of products. Prophylaxis paste, dental sealants, ultrasonic scalers, crown and bridge materials, precious metal dental alloys, dental ceramics, and endodontic instruments and materials are all offered by this company. The company offers dental injectable anesthetics, impression materials, orthodontic appliances, dental cutting instruments and dental implants. Dental handpieces, film mounts, and bone substitute or grafting materials are also available from Dentsply Sirona. Through subsidiaries and distributors in the Americas, Europe, the Middle East, Africa, and Asia Pacific, the company sells its products. The headquarters of Dentsply Sirona are located in Charlotte, North Carolina, USA. For the fiscal year 2019 the company recorded a revenue of $4.03 billion USD. The company also had a staff strength 9f 17,000 employees as at 2017.

History of Dentsply Sirona Inc.

Dentsply Sirona has a long and impressive history that goes all the way back to the late 1800s. In the nearly 150 years since then, the company has helped set standards for digital treatment, clinical education, research and development, manufacturing, and technological advancement in dentistry.

Dentsply Sirona wasn’t always just one business. DENTSPLY was established in 1899 in New York City, while Sirona Dental Systems was established in Germany in 1877.Both were businesses that provided dental professionals and other medical establishments with tools and supplies. Dentsply Sirona, the world’s largest such company, was formed when the two businesses merged in 2016, moving beyond supply to innovation. It employs more than 16,000 people, has a physical presence in more than 40 countries, and sells in more than 120 countries.

The two businesses’ approaches to investing in new technologies were quite comparable, making a merger logical. The first chairside CAD/CAM (computer-aided manufacturing and design) system, the first reciprocating root canal file, and the first dental drill are examples of these breakthroughs. Both businesses were aware that the interaction of all hardware and software was the key to true innovation, not a single device.

Each business has always been driven by innovation, and both have contributed significantly to the development of contemporary dental medicine. Their products are used to treat more than six million patients every day—or more than two billion each year—and reach more than 600,000 dental professionals annually. An unparalleled level of quality and clinical safety has been achieved through more than 100 years of experience. Consider some of Dentsply Sirona’s most significant innovations when researching the company’s past.

Now let’s say a little about the tow merged companies.

Dentsply

In 1899, four New York businessmen established the artificial teeth manufacturer Dentists’ Supply Company, which would later become Dentsply. In 1877, Sirona Dental Systems was established in Germany.

Over the years, Dentsply introduced a number of novel products and established successful brands, such as Trubyte teeth, better-fitting dentures, and custom-sized teeth based on face shape. The company created ground-breaking technologies like Dentsply Cavitron and Neolux in the 1950s and 1960s.

The business changed its name to Dentsply International in 1969.Dentsply made a number of significant acquisitions in the 1960s and 1970s, including the acquisitions of LD Caulk, Ransom, Randolph, and Amalgamated Dental Industrial. The business was able to enter the international market thanks to these acquisitions.

Dentsply and Gendex merged in 1993 and began trading as a public company with the ticker symbol XRAY. With the acquisition of Astra Tech in 2011, Dentsply built and expanded its implant and healthcare business units. This was the largest acquisition Dentsply had ever made up until that point.

Sirona

A mechanical engineer at the University of Erlangen started Sirona Dental Systems as RGS. Physical and electro medical equipment were manufactured by the business. The company created the first electric dental drill in 1887.

Halske and Siemens purchased a majority stake in RGS in 1925. The Siemens Sirona dental unit debuted in 1956. Sirona Dental Systems was established when Siemens sold its dental solutions division in 1997.

The company began trading on the NASDAQ in 2006. Over the course of its history, the company has introduced a number of highly successful products and introduced some significant new innovations.

Dentsply Sirona Inc. Acquisitions.

Dentsply holds a leading market share in the dental restorative sector (4.0 billion dollars), according to the company. The most important markets for sales in 2010 were Europe and the CIS (40 percent), the United States (37 percent), Latin America (5%), Asia (Japan 5%).

In June 2011, Dentsply acquired Astra Tech, the world’s third largest maker of dental implants, from the Anglo-Swedish pharmaceutical company AstraZeneca for $1.8 billion. The deal was completed on August 31, 2011, and it increases revenue by 25% ($535 million). Acquisitions in 2011 resulted in an increase of 147% in the value of long-term debt, while total assets increased by 146% (current assets decreased in value). Acquisition/restructuring charges were one of the reasons that net income decreased by 7.4%.

All of the growth in sales in 2012 was due to acquisitions (16.2%; currency effects were -3.8%). Regional sales growth in 2012: Europe was 27.5 percent, up from 17.9 percent in 2011, the United States was 13.8 percent, and other regions were 15.9 percent, up from 9.4 percent in 2011. Dental products made up 88% of net sales, while consumable medical device products made up 12 percent (casting industry).

The importance of markets outside the United States was growing: They contributed 67% of Dentsply’s revenue in 2013, up from 66% and 63% in 2012 and 2011 respectively.

As a merged company.

Dentsply Sirona announced on January 17, 2018, the appointment of Donald Casey Jr., formerly CEO of the Medical Segment of Cardinal Health, as CEO and a member of the board. Casey will take the position in February and succeed interim CEO Mark Thierer as  2017 saw the resignation of CEO Jeffrey Slovin, executive chairman Bret Wise, and president Christopher Clark.

In 2018, a certification company based in the Netherlands awarded Dentsply the title of “Top Employer.”

The Student Competition for Advancing Dental Research and its Application (SCADA) was co-sponsored in 2019 by the company and the American Association for Dental Research (AADR).The SCADA’s goal is to help students research.

 Forbes ranked the company 56th among America’s Best Midsize Employers in 2019.

Fraud allegations

Current employees have reported that the CEO of the company, Donald Casey, was fired in 2022.John Groetelaars was announced as the interim CEO.Dentsply Sirona Inc. and the SEC are looking into securities fraud involving former CEO Donald Casey and CFO Jorge Gomez.

New CEO

Dentsply Sirona announced Simon D. Campion’s appointment as President and Chief Executive Officer and a member of the board on August 28, 2022. Campion previously held the position of Executive Vice President and President of the Interventional segment for BD.

How does Dentsply Sirona Inc. function?

It designs and manufactures laboratory and specialty dental supplies products as an equipment manufacturer. It focuses on anesthetics, plaque and gum disease prevention (prophylaxis), and tooth polishers when it comes to consumables. It also designs and builds artificial teeth. It has also been cited as a key player in the future intra oral flat panel sensor market. The variety of products in demand varies from region to region (and thus subsidiary to subsidiary because many of them are regional). This is because wealthy and developing nations have different incomes.