HealthpointCapital has sold MicroDental Laboratories, a network of dental laboratories across North America, to Modern Dental Group Limited, a global dental prosthetic device provider. The transaction closed on October 21, 2016.
ProSomnus Sleep Technologies, a former division of MicroDental, which develops and manufactures oral appliances for the treatment of obstructive sleep apnea (OSA) was retained by HealthpointCapital.
Len Liptak has been named CEO and is an experienced dental industry leader with expertise operating and developing businesses driven by product innovation. He is surrounded by a strong leadership team including Mark. Murphy, DDS, FAGD, as lead faculty, Jerry Vogel as vice president of sales, Dave Kuhns, PhD, as vice president of technology, Sung Kim as vice president of engineering, and Bob Starr as chief administration officer.
“With an innovative product portfolio and a differentiated manufacturing approach, ProSomnus has a unique opportunity to partner with dentists to treat the more than 25 million adults suffering from obstructive sleep apnea,” says Len Liptak, CEO of ProSomnus Sleep Technologies, in a release. “Our strategic partnership with HealthpointCapital enables us to accelerate plans to reduce the undiagnosed population and provide a less invasive treatment option for the population who have abandoned CPAP therapy.”
ProSomnus is focused on commercializing device designs that are clinically relevant, creating treatment experiences that exceed the needs of the practicing sleep dentist, and supporting scientific research that further establishes dental sleep medicine as a viable therapy for OSA.
“HealthpointCapital is proud to work with the ProSomnus team in one of the most exciting, fastest growing segments in medical technology. We look forward to building a world-class business that serves the needs of sleep professionals and their patients in treatment of obstructive sleep apnea,” says Laing F. Rikkers, managing director HealthpointCapital and Chair of ProSomnus Sleep Technologies.