Dental News - BioHorizons files for $100 million IPO

BioHorizons Implant Systems

Mon. 2 August 2010

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Dental implant maker BioHorizons filed a registration statement in late June for an initial public offering worth up to $100 million. The Birmingham, Ala., company makes tooth prosthetics, implants, abutments and bone and tissue grafts. It also sells medical instruments. The company uses lasers to cut tiny grooves into its Laser-Lok implants.

According to BioHorizons, those grooves attract connective tissue and reduce bone loss around the implant.

BioHorizons did not disclose how many shares it might sell or when it might go public. Its proposed ticker symbol is “BHZN.”

The company’s main business was founded in November 1995, and BioHorizons was incorporated in May 2006. Private equity firm HealthpointCapital LLC bought its primary business in August 2006.

BioHorizons reported an operating loss of $6 million in 2009 on $69 million in sales. It said its revenue grew 15 percent in the first quarter of 2010 to $19 million.

The company currently markets its products through a direct sales force of more than 70 representatives in North America and through offices in Australia, Chile, Germany, Spain and the United Kingdom. Through a network of third-party distributors, BioHorizons sells its products in more than 80 countries.

Last year, the company was the sixth-largest dental implant company based on sales in North America, according to market researcher iData Research.

The company’s competitors include BIOMET 3i, Zimmer Dental, DENTSPLY and Astra Tech.

More information on the company profile of BioHorizons Implant Systems.

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