Dentsply Sirona sells Futuredontics to Congdon Street LLC
The divestment of Futuredontics is part of Dentsply Sirona’s plan to focus on the core business and deliver innovation.
Dentsply Sirona and Futuredontics signed an agreement April 18 selling the business to Congdon Street LLC of which Fred Joyal, the former CEO and co-founder of Futuredontics, is a majority owner. Dentsply Sirona will sell all of its shares so that Congdon Street LLC will become sole owner of Futuredontics, a leading provider of dental marketing services and software.
The divestment of Futuredontics is part of Dentsply Sirona’s plan to focus on the core business and deliver innovation.
“We are very happy that Congdon Street LLC will take over the ownership of Futuredontics. Fred Joyal is well-known and appreciated within the company and the industry and has strongly contributed to the success of the company in the past,” says Walter Petersohn, chief commercial officer at Dentsply Sirona. “We are convinced that with Congdon Street LLC as new owner of the company, Futuredontics will continue its success story. We look forward to continue working with Fred Joyal and the Futuredontics team.”
“We are extremely pleased that this transaction creates an opportunity from which both sides will benefit,” says Fred Joyal of Congdon Street LLC and former CEO and co-founder of Futuredontics. “Futuredontics will remain an important partner of Dentsply Sirona while, at the same time, we will be able to focus even stronger on our own specific customer base and further develop our company as an independent business. The Futuredontics team and I are eager to serve our customers in new and exciting ways.”
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The parties have agreed not to disclose financial terms of the transaction.
Founded in 1986 in the U.S., Futuredontics is the parent company of 1-800-DENTIST, the premier consumer brand in dental marketing, as well as a new online consumer destination for dentistry (Dentistry.com), and a sophisticated patient communications software product (PatientActivator). Futuredontics optimizes the dental patient lifecycle by coupling world-class marketing and office support services with unparalleled service. The company is based in Los Angeles and has 150 employees. Fred Joyal co-founded 1-800-DENTIST in 1986 and is a renowned industry expert and veteran.
Congdon Street LLC is an investment company focused on the health care industry.
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