Dentsply, Straumann Said to Weigh Bids for Israel's MIS Implantsby
Dental implant firm may find a buyer in the first half of year
Owner TA Associates could fetch about $400 million from sale
Medical-device makers Dentsply International Inc. and Straumann Holding AG are among the companies considering bids to acquire Israeli dental business MIS Implants Technologies Ltd., according to people familiar with the matter.
MIS’s owner, buyout firm TA Associates Management LP, could find a buyer for the company in the first half of the year, the people said, asking not to be identified because the deliberations are private. The companies haven’t made a final decision and could decide against bidding, the people said.
TA Associates is working with financial adviser William Blair & Co. on the sale, which could fetch about $400 million, people familiar with the matter said in October.
Representatives for Dentsply, Straumann, TA Associates and William Blair declined to comment.
TA Associates acquired MIS Implants in 2011. The business makes dental implants and structures that are sold in more than 60 countries, according to its website.
The dental industry has been part of a recent consolidation drive in the health-care industry. In September, Dentsply agreed to acquire Sirona Dental Systems Inc. for $5.5 billion in stock, creating a giant in dental supplies and equipment. In 2014, Danaher Corp. paid $2.2 billion to buy Swiss dental implant maker Nobel Biocare Holding AG.