From quarterly financial reports to industry collaborations, here are eight recent updates from teledentistry companies:
- Newport Beach, Calif.-based teledentistry company Denteractive is partnering with customer engagement company Swell to launch the Unlimited+Growth service aimed at helping practices attract and retain patients.
- New York City-based teledentistry company Candid Care is suing SmileDirectClub to stop the Nashville, Tenn.-based company from making an infringement claim over one of its patents.
- Dental artificial intelligence company Pearl obtained its fourth patent this year for its new AI system that uses computer algorithms to detect dental insurance fraud, waste and abuse.
- SmileDirectClub reported $174 million in revenue and a net loss of $55 million during its second quarter.
- Medical device company Align Technology entered an accelerated stock repurchase agreement with Goldman Sachs & Co. to repurchase $75 million of Align's common stock.
- In July, Dental software company Planet DDS appointed Shawn Edwards as its new CFO.
- Align Technology released its second quarter financial results July 28, showing $1 billion in quarterly revenue for the first time.
- Teledentistry software company Virtual Dental Care will integrate Holland Healthcare's TelScope dental imaging system into its Teledentix software as part of a collaboration between the two companies.