Young Innovations acquires Medical Purchasing Solutions

Jeremy Booth, Dental Tribune International

Fri. 4. March 2022

save

ALGONQUIN, Ill., US: Global dental products supplier Young Innovations has announced its acquisition of pharmaceutical and surgical supplier Medical Purchasing Solutions (MPS). Young Innovations has in recent years taken a number of dental companies under its wing, and its latest acquisition underscores a commitment to serving oral surgeons.

Young Innovations announced the move in a note to the press, describing MPS as a leading supplier of pharmaceuticals and surgical supplies in the fields of oral pain management, oral surgery and dental implants. CEO Dave Sproat commented in a press release that the acquisition would further broaden the company’s offering to dental specialists in the area of pain management.

Sproat said: “Medical Purchasing Solutions takes great pride in delivering an exceptional customer experience to oral surgeons, periodontists and other healthcare providers managing pain, with a robust product line specifically designed to address this specialty segment. We are excited to support the ongoing growth of MPS’ business, employees, customers, vendors and brand as a part of our broader global portfolio.”

Steve Clareen, vice president and general manager at the company, said the acquisition reflected Young Innovations’ ongoing commitment to invest in the oral surgery market. “The leadership team at MPS has built a fantastic business built on strong service and we look forward to driving additional value together and accelerating their growth trajectory,” Clareen added.

The co-CEOs of MPS, John Discerni and Denis McNicholl, will continue to provide leadership after the acquisition, and customers and vendors should not expect any changes to the ordering and service procedures that are currently in place at MPS.

Young Innovations manufactures and distributes supplies and equipment used by general dentists and by those working within a range of specialties, including orthodontics and endodontics. It has established itself as a strategic acquirer of successful healthcare and dental care companies. Recent acquisitions include the 2020 purchase of Preat, which manufactures dental implant components, and the 2017 purchase of key preventive dentistry brands that belonged to Medical Products Laboratories.

Young Innovations is based in Algonquin in the Chicago area and is owned by an affiliated fund that is managed by private equity firm the Jordan Company. MPS is based in Scottsdale in Arizona.

Tags:

To post a reply please login or register

Young Innovations announces acquisition of VarnishAmerica

ALGONQUIN, Ill., USA: Young Innovations, a manufacturer and distributor of dental supplies and equipment, recently announced the acquisition of ...

Straumann Group acquires Portuguese company Same Day Solutions

BASEL, Switzerland: The Straumann Group, a global leader in tooth replacement and orthodontic solutions, announced today that it has signed an agreement to ...

Straumann acquires Chinese intra-oral scanner company

BASEL, Switzerland: Straumann Group has announced its acquisition of AlliedStar, a leading intra-oral scanner provider based in Shanghai in China. The ...

Launca Medical founder shares innovation and entrepreneurship experiences with Brazilian EMBA class

DONGGUAN, China: Earlier this year, the Executive MBA (EMBA) class of the University of São Paulo was invited to participate in a one-day tour of Dongguan ...

Dentsply Sirona acquires Cleverdent

WALS, Austria/MÜNSTER, Germany: Dentsply Sirona, worldwide provider of professional dental products, has announced the acquisition of Cleverdent. The ...

Organized Dentistry Coalition supports raising tobacco purchasing age to 21

WASHINGTON, U.S.: The Organized Dentistry Coalition (ODC), which encompasses the efforts of the American Dental Association (ADA) members, staff and ...

Young US dentists more likely to practise in groups

CHICAGO, US: New research from the American Dental Association (ADA) shows that the model of dental practice in the country is continuing to change. The ...

FDI’s Young Dentists Forum empowers future leaders in dentistry

SYDNEY, Australia: To engage with aspiring dental professionals and students, FDI has launched the Young Dentists Forum, and the inaugural session will be ...

ClearCorrect launches new digital solutions globally

ROUND ROCK, Texas, US: ClearCorrect recently unveiled a new suite of products and features aimed at supporting clinicians in their provision of orthodontic ...

DirectaDentalGroup acquires ContacEZ and Sendoline

HELSINGBORG, Sweden: The Swedish manufacturer of dental consumables Directa has announced the acquisition of the US-based manufacturer ContacEZ and the ...

COLTENE acquires polisher company KENDA

ALTSTÄTTEN, Switzerland: COLTENE Holding, an internationally leading developer and producer of dental consumables, is acquiring KENDA, a specialised ...

Education

Live webinar
Fri. 26 April 2024
12:00 pm EST (New York)