Jul 2010

National Dentex Corporation has been acquired by GeoDigm Corporation

On July 29, 2010, National Dentex Corporation (“National Dentex”) was acquired by GeoDigm Corporation (“GeoDigm”), a portfolio company of Welsh, Carson, Anderson & Stowe. Signal Hill Capital Group LLC rendered a fairness opinion to the Board of Directors of National Dentex in connection with the transaction.

National Dentex’s shareholders received $17.00 per share in cash, representing (i) a premium of approximately 70% over National Dentex’s most recent closing share price of $10.02 prior to the transaction’s announcement date and (ii) an implied enterprise value of approximately $128.7 million.

National Dentex, based in Natick, Massachusetts, serves an active customer base of over 24,000 dentists through 42 dental laboratories located in 28 states and one Canadian province. National Dentex’s dental laboratories provide a full range of custom-made dental prosthetic appliances, including dentures, crowns, and fixed bridges, and other dental specialties.

GeoDigm, based in Chanhassen, Minnesota, is a leading innovator in dental and orthodontic imaging and manufacturing technology. The company deploys its proprietary, digitally-enabled production system exclusively through GeoDigm Laboratories, delivering improved products and services to its client base of over five thousand dentists and orthodontists.

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