Henry Schein Inc, Melville, NY, and Ortho2, Ames, Iowa, have signed a definitive agreement aimed at increasing Henry Schein’s position in the orthodontic practice management software market. As a result of the definitive agreement signed by the two companies, Henry Schein will own a 50% interest in Ortho2.
“We welcome our new Ortho2 colleagues to Henry Schein, and look forward to continued success together,” said Stanley M. Bergman, chairman of the board and chief executive officer of Henry Schein. “With this investment in Ortho2, we round out our dental software portfolio and gain a leadership position in orthodontist practice management software. This transaction supports our commitment to dental specialty markets, to advanced technology, and to category leadership. We look forward to offering advanced software solutions to orthodontists, just as we currently do to general practice dentists.”
Founded in 1982 by Dan Sargent and Dr William Iversen, Ortho2 currently has a staff of over 70 and offers the Edge Cloud practice management solution, as well as ViewPoint, a Windows-based software option. According to a press release, Ortho2 serves nearly 1,700 orthodontists in approximately 2,400 locations, and had recorded revenues of $14 million.
“We are delighted to be joining forces with Henry Schein,” said Amy Schmidt, president, Ortho2. “We’re proud of what we’ve accomplished in our 35 years as a completely independent company. The ongoing technology explosion and evolving orthodontic market now makes joining forces with Henry Schein a win/win for us and, most significantly, for our customers. The ability to leverage Henry Schein’s comprehensive ecosystem will allow us to offer a turnkey solution including software, digital imaging, equipment, supplies, and many other benefits to our current and future customers.”
“Practice management software is the backbone of an efficient, profitable practice,” Bergman added. “Henry Schein embraces an open architecture approach to all software and advanced technology, which allows for the purchase of products and services that best meet the needs of each individual practice.”