Here are five updates on dental companies from the last week.
The Federal Trade Commission alleges Henry Schein falsely advertised the level of encryption it used to protect patient information. The company marketed its Dentrix G5 software as a product with industry-standard data encryption in line with HIPAA requirements, yet the FTC claims Henry Schein knew its product used a less complex method of data masking. Henry Schein settled the charges with a $250,000 payment. Click here to read the full story.
DENTSPLY and Sirona Dental shareholders approved all proposals to complete the merger. The dental companies plan to complete the merger in the first quarter of 2016, according to StreetInsider.com.
Analysts expect Danaher to report earnings per share of $1.27 for the current fiscal quarter. On Sept. 9, 2015, the company reported earnings of $1.05 per share.
Biolase entered into a development and distribution agreement with IPG Photonics' medical laser division, IPG Medical. The companies will work together in the design and develop of joint dental laser products, accessories and integral system components, according to StreetInsider.com.
Evercore ISI upgraded Patterson Companies shares to a "buy" rating. The stock presently has a target price of $52.00, according to InterCooler.
More dental news:
Marquee Dental Partners completes 3rd acquisition — 4 takeaways
Salvation Army clinic participates in 'Give Kids A Smile' — 5 facts
Henry Schein pays $250k to settle FTC charges related to patient data encryption