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Dentsply Sirona

#2767

Rank

$4.95B

Marketcap

US United States

Country

Dentsply Sirona
Leadership team

Mr. Simon D. Campion (CEO, Pres & Director)

Mr. Glenn G. Coleman (Exec. VP & CFO)

Mr. Richard M. Wagner (Chief Accounting Officer & Principal Accounting Officer)

Products/ Services
Biotechnology, Dental, Health Care
Number of Employees
1,000 - 20,000
Headquarters
York Haven, Pennsylvania, United States
Established
1899
Company Registration
SEC CIK number: 0000818479
Revenue
Above - 1B
Traded as
XRAY
Social Media
Overview
Location
Summary
DENTSPLY SIRONA Inc. manufactures and sells various dental products and technologies for professional dental market worldwide. The company operates through two segments, Technologies & Equipment, and Consumables. The Technologies & Equipment segment provides dental equipment, such as treatment centers, imaging equipment, motorized dental handpieces, and other instruments for dental practitioners and specialists; dental CAD/CAM technologies for dental offices to support various digital dental procedures, including dental restorations; dentist-directed clear aligner solutions, SureSmile, and direct-to-consumer clear aligner solutions, as well as high frequency vibration technology device; implants; and urology catheters and other healthcare-related consumable products. The Consumables segment offers endodontic products comprising drills, filers, sealers, irrigation needles, and other tools or single-use solutions, which support root canal procedures; restorative products that include artificial teeth, dental ceramics, digital dentures, precious metal dental alloys, and crown and bridge porcelain products. It also provides small equipment products, which comprise intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers, as well as dental anesthetics, prophylaxis paste, dental sealants, impression materials, teeth whiteners, and topical fluoride. The company was founded in 1877 and is headquartered in Charlotte, North Carolina.
History

1899–2000

Dentsply was founded by four New York businessmen in 1899 as Dentists' Supply Company, about the same time it made its first acquisition, a Pennsylvania porcelain teeth manufacturer. One of the four founders, George H. Whiteley became the main operator of the company as a result of his experience as a ceramicist. Whiteley's contributions to the company were invaluable as he was responsible for many innovations such as a patented process involving platinum rings that reduced tooth breakage. Other innovations included better fitting dentures, tooth size for people of different face shapes and age specific colored teeth.In the early 1920s, the company selected European distributor E. de Trey & Sons as its primary marketer to Europe, however it quickly became the company's main distributor in the US also. A rivalry between De Trey and the main other denture equipment producer at the time, Ash Company, nearly eliminated cash flows due to extreme price cutting. The problem was resolved when the two decided to merge their distribution businesses into one named the Amalgamated Dental Company Limited. In 1925, 45% of Zahnfabrik was bought by Dentists' Supply and its distributor Amalgamated Dental bought a 30% interest in the manufacturer.High American tariffs and increased efforts to gain market share abroad, especially in Europe and Australia, led the company to set up more research and manufacturing centers abroad. Its first foreign subsidiary was established in Australia as a means to acquire Natudryl Manufacturing. In the 1950s and 1960s the company developed many of the ideas used by its equipment today like tooth cleaning machine Dentsply Cavitron and Neolux which improved the finish of plastic teeth. The company renamed itself Dentsply International in 1969 due to its products' brand name being more widely recognized.Key acquisitions by Dentists' Supply Company: LD Caulk Company in 1963, Ransom and Randolph Company in 1964, F&F Koenigkramer Company . Largest was Amalgamated Dental Industrial in 1976.In 1993, after it acquired Gendex Corporation in a reverse takeover, the company went public on the NASDAQ. The new company then purchased medical X-ray tubes supplier Eureka X-Ray Inc., which was key since Gendex was a major manufacturer of X-ray systems . Healthco, its main distributor in the US, went bankrupt in 1993.

2000–present

In 2010, the most important markets for sales were Europe & CIS , USA , Latin America , Asia , Canada , Japan , Middle East & Africa and Australia . Dentsply holds a leading market share in the dental restorative sector .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 raises revenue by 25% and was completed on August 31, 2011. Acquisitions in 2011 caused the value of long term debt to increase by 147% while total assets grew by 146% . Acquisition/restructuring charges were one of the reasons net income decreased 7.4%.Markets outside the United States are becoming increasingly important: they accounted for 67% of Dentsply revenue in 2013 steady with 2012 but up from 66% and 63% the previous two years.In 2012, acquisitions contributed all of the growth in sales . 2012 sales growth by region: Europe 27.5% , USA 13.8% , elsewhere 15.9% . 88% of net sales were in dental products, 12% from consumable medical device products .On February 29, 2016 Dentsply combined with Long Island-based Sirona Dental Systems in a $14.5 billion merger of equals. While both supply dental products, Sirona's business centers on dental equipment in contrast with Dentsply's consumables.In October 2017, CEO Jeffrey Slovin, executive chairman Bret Wise, and president Christopher Clark all resigned. On January 17, 2018, Dentsply Sirona announced the appointment of Donald Casey Jr., formerly CEO of the Medical Segment of Cardinal Health, as CEO and a member of the board, with Casey to take the role in February and succeed interim CEO Mark Thierer.In May 2022, it has been reported by current employees, that current CEO Donald Casey, has been fired from his position. Interim CEO was announced to be John Groetelaars. In September 2022, Simon Campion was announced as the full-time CEO replacing Don Casey. Both former CEO Donald Casey and former CFO Jorge Gomez are under investigation by Dentsply Sirona Inc. and the SEC for securities fraud.

Mission
At Dentsply Sirona, we are focused on empowering dental professionals to provide better, safer, faster dental care. We work with them to envision what‘s possible, then provide innovative solutions to achieve it. Education and support help move each procedure forward, ensuring the benefits of our innovations are realized. Everything we do is about helping dental professionals deliver the best possible dental care, for the benefit of their patients and practices – today and for years to come. “Empowering dental professionals to provide better, safer, faster dental care.”
Vision
To be the most innovative, valued and trusted dental solutions provider, enriching the lives we touch.
Key Team

Mr. Cord Friedrich Staehler (Sr. VP of Digital Platforms & Solutions and CTO)

Andrea Daley (VP of Investor Relations)

Ms. Cheree Haswell Johnson (Sr. VP, Chief Legal Officer, Gen. Counsel & Sec.)

Ms. Erania Brackett (Sr. VP & Chief Marketing Officer)

Ms. Lisa M. Yankie (Sr. VP & Chief HR Officer)

Mr. Andrew Robinson (Sr. VP of North American Commercial Leader & Chief Digital Officer)

Mr. Andreas G. Frank (Exec. VP of Product Group)

Recognition and Awards
Dentsply Sirona was named to the 2020 Fortune World's Most Admired Companies list and was ranked #2 in the medical equipment and supplies category.
References
Dentsply Sirona
Leadership team

Mr. Simon D. Campion (CEO, Pres & Director)

Mr. Glenn G. Coleman (Exec. VP & CFO)

Mr. Richard M. Wagner (Chief Accounting Officer & Principal Accounting Officer)

Products/ Services
Biotechnology, Dental, Health Care
Number of Employees
1,000 - 20,000
Headquarters
York Haven, Pennsylvania, United States
Established
1899
Company Registration
SEC CIK number: 0000818479
Revenue
Above - 1B
Traded as
XRAY
Social Media