Bolsters Dentalcorp’s strategy of investing in
artificial intelligence and other emerging technologies to support
its growing network of dental practices
Dentalcorp Holdings Ltd. (“Dentalcorp” or the “Company”) (TSX:
DNTL), Canada’s largest and one of North America’s fastest growing
networks of dental practices, today announced that it has made an
indirect investment in Dental Innovation Alliance VC Fund I, LP
(the “Fund”) to support the Company’s commitment to innovation in
dental technology.
The Fund was launched in 2024 and seeks to make investments in
early-stage dental technology companies focused on: clinical
outcomes, access to care, and practice performance. It is expected
that by leveraging advancements in technology, including artificial
intelligence, the Fund’s portfolio companies will aim to
revolutionize dental care by improving clinical precision,
accessibility, and efficiency.
“This investment positions Dentalcorp to potentially benefit
from a wide range of emerging innovations in dental technology,”
said Graham Rosenberg, CEO and Chairman of Dentalcorp. Mr.
Rosenberg added, “by partnering with Dental Innovation Alliance, we
expect to gain insights into promising advancements, including
AI-driven solutions, that could shape the future of dentistry.”
Nate Tchaplia, President of Dentalcorp, concluded “We are
particularly excited about the potential application of AI by the
Fund’s portfolio companies in areas such as diagnostics and
treatment planning, but we are also interested in other emerging
technologies under development across the dental industry, with the
ultimate goal of our investment in the Fund being long-term value
creation for our network, patients, and shareholders.”
About Forward-Looking Information
Certain statements in this news release, other than statements
of historical fact, are forward-looking based on certain
assumptions and reflect the Company’s current expectations.
Forward-looking information includes, but is not limited to,
statements about the Company’s objectives and strategies to achieve
those objectives, beliefs, plans, expectations, anticipations,
estimates, or intentions. Forward-looking information includes
words like “could”, “expect”, “may”, “will”, “anticipate”,
“assume”, “believe”, “intend”, “estimate”, “plan”, “project”,
“guidance”, “outlook”, “target”, and similar expressions suggesting
future outcomes or events. The forward- looking information in this
news release includes, but is not limited to, statements related to
the Company’s investment in the Fund and the business activities of
the Fund’s portfolio companies.
Forward-looking statements are necessarily based upon
management’s perceptions of historical trends, current conditions
and expected future developments, as well as a number of specific
factors and assumptions that, while considered reasonable by
management as of the date on which the statements are made, are
inherently subject to significant business, economic and
competitive uncertainties and contingencies which could result in
actions, events, conditions, results, performance or achievements
to be materially different from those projected in the
forward-looking statements.
Actual results and the timing of events may differ materially
from those anticipated in the forward-looking information as a
result of known and unknown risk factors, many of which are beyond
the control of the Company and could cause actual results to differ
materially from the forward-looking statements. Such risks include,
but are not limited to, the risk of the Fund not successfully
executing on its investment strategy and the Fund’s portfolio
companies not successfully executing on their business plans and
strategies and other factors described under “Risk Factors” in the
Company’s most recent Management’s Discussion and Analysis and
Annual Information Form, filed with the securities regulatory
authorities in Canada available on the Company’s profile on SEDAR+
at www.sedarplus.com.
Accordingly, we warn readers to exercise caution when
considering statements containing forward-looking information and
caution them that it would be unreasonable to rely on such
statements as creating legal rights regarding the Company’s future
results or plans. Information contained in forward-looking
statements is based upon certain material assumptions that were
applied in drawing a conclusion or making a forecast or projection,
including, management’s expectations as to the company’s investment
in the Fund, the Fund’s investments, management's perceptions of
historical trends, current conditions and expected future
developments, as well as other considerations that are believed to
be appropriate in the circumstances. While the Company considers
these assumptions to be reasonable based on information currently
available to management, they may prove to be incorrect. We are
under no obligation (and we expressly disclaim any such obligation)
to update or alter any statements containing forward-looking
information or the factors or assumptions underlying them, whether
as a result of new information, future events, or otherwise, except
as required by applicable securities laws. All of the
forward-looking information in this news release is qualified by
the cautionary statements herein.
About Dentalcorp
Dentalcorp is Canada’s largest and one of North America’s
fastest growing networks of dental practices, committed to
advancing the overall well-being of Canadians by delivering the
best clinical outcomes and leading experiences. Dentalcorp acquires
leading dental practices, uniting its network in a common goal: to
be Canada’s most trusted healthcare network. Leveraging its
industry-leading technology, know-how and scale, Dentalcorp offers
professionals the opportunity to retain their clinical autonomy
while unlocking their potential for future growth. To learn more,
visit dentalcorp.ca.
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version on businesswire.com: https://www.businesswire.com/news/home/20240918592971/en/
For more information, please contact:
Investor Relations
Nick Xiang Senior Director, Corporate Finance
nick.xiang@dentalcorp.ca
Media
Sebastien Bouchard Vice President, Corporate Communications
sebastien.bouchard@dentalcorp.ca
dentalcorp (TSX:DNTL)
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dentalcorp (TSX:DNTL)
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De Nov 2023 a Nov 2024
