Dentsply Sirona is reviewing "strategic alternatives" for its Wellspect Healthcare business to focus its resources on its dental portfolio.
Five notes:
1. Wellspect is a provider of bladder and bowel management care products.
2. Dentspy Sirona said Feb. 11 that its past investments in strengthening Wellspect has led to improved organic sales growth in recent years, and that the company is well-positioned for continued growth and success.
3. Dentsply Sirona added that alternative avenues for Wellspect will allow the company to focus its resources on its dental business.
4. The company said it currently does not have a deadline or timeline set for completion of this review process, or that the process will result in a transaction.
5. The company also said it does not plan to make further announcements regarding this process unless and until its board of directors approves a course of action or decides that further disclosure is necessary.