This is S Hatton with the Becker's Dental Bust DSL podcast.
Here's your daily industry news briefing for today, June 5th.
First,
violas plans to reduce its US workforce by 20% to improve operational
efficiency. Violas president and ceo,
John Bieber said the cuts will allow the company to allocate additional
resources to revenue generating initiatives.
The move will save the Dental Laser Company approximately 4 million per year.
According to a June 5th news release,
fire delays brought in 10.5 million in revenue during the first quarter
of 2023,
marking the ninth consecutive quarter of year over year growth.
It also reported a 24% growth in year over year revenue for 2022.
Second, Richmond Hill,
Georgia based dso SGA Dental Partners recently added its 100th location
private equity firm.
Thurston Group launched SGA Dental Partners in March, 2022
by emerging Dental partners of Southwest Georgia Garner Dental Group in South
Georgia Dental Management.
The DSL made 28 acquisitions last year and 13 so far. This year,
according to a May 31st news release,
the DSO supports practices in the southeast region.
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