Dentsply Sirona Announces Acquisition of MIS Implants

York, Pennsylvania, June 27, 2016 - DENTSPLY SIRONA Inc. ("Dentsply Sirona")  (NASDAQ: XRAY), The Dental Solutions Company, today announced a definitive agreement to acquire all of the outstanding shares of privately held MIS Implants Technologies Ltd. ("MIS"), a dental implant systems manufacturer headquartered in northern Israel, for $375 million in cash.   

MIS is a growing and profitable manufacturer of dental implant systems with annual sales of approximately $80 million.  The company is a leader in the value segment of the market, selling its products under the MIS brand through a wide distribution network that includes a direct sales force, reaching over 65 countries.  

Jeffery T. Slovin, Chief Executive Officer of Dentsply Sirona, commented, "MIS is uniquely positioned to address the value segment of the market in both its home region and around the globe.  It is strategically important to be able to address the entire multi-billion dollar implant market with distinct organizations, portfolios and brands targeting both the premium and value segments.  MIS has a broad portfolio of implants and related products under a well-established brand making it a great complement to our company.  This acquisition underscores our commitment to deploying capital to drive growth and create shareholder value."

Dentsply Sirona expects this transaction to be accretive to adjusted earnings per share within the first twelve months following the closing of the transaction.  Moelis & Company acted as financial advisor to Dentsply Sirona. 

About Dentsply Sirona:
Dentsply Sirona is the world's largest manufacturer of professional dental products and technologies, with a 130-year history of innovation and service to the dental industry and patients worldwide.  Dentsply Sirona develops, manufactures, and markets a comprehensive solutions offering including dental and oral health products as well as other consumable medical devices under a strong portfolio of world class brands.  As The Dental Solutions Company, Dentsply Sirona's products provide innovative, high-quality and effective solutions to advance patient care and deliver better, safer and faster dentistry.  Dentsply Sirona's global headquarters is located in York, Pennsylvania, and the international headquarters is based in Salzburg, Austria. The company's shares are listed in the United States on NASDAQ under the symbol XRAY.  Visit www.dentsplysirona.com for more information about Dentsply Sirona and its products.