NEW YORK and VANCOUVER, British Columbia--HealthpointCapital, LLC has announced the purchase of DTI Dental Technologies Inc.
DTI custom designs and fabricates crowns, bridges, dentures, cosmetic appliances and orthodontic appliances for its customers, dentists serving patients in need of restorative and cosmetic dentistry. DTI, headquartered in Vancouver, British Columbia, Canada, is one of the largest companies in the dental laboratory industry.
"The dental market represents one of the fastest growing sectors in the medical technology industry," said John H. Foster, Chairman and Managing Director of HealthpointCapital.
"The dental laboratory industry is a primary beneficiary of the public's increasing interest in and willingness to pay for improved dental function and aesthetics. We were particularly attracted to DTI because of its first-rate management team and the lab's reputation for providing high quality products and unparalleled service to its dentist customers."
Paolo Kalaw, CEO of DTI, commented, "I am excited about the DTI/HealthpointCapital partnership. HealthpointCapital's expertise in helping healthcare companies expand will allow DTI to build the leading dental lab organization in North America."
Foster will serve as the Chairman of the Board, and Mortimer Berkowitz III, President and Managing Director of HealthpointCapital, will serve as a Director of the Company. HealthpointCapital intends to have Paolo Kalaw continue as Director and CEO of the company and HealthpointCapital intends to retain DTI's entire Executive and Lab Management Team.