Promident, LLC
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Promident, LLC - overview
Established
1972
Location
-, NY, US
Primary Industry
Medical Devices & Equipment
About
Promident, LLC is a manufacturer of dental handpieces and accessories, providing an extensive selection of high-quality tools designed to enhance dental practices worldwide. Founded in 1972 and headquartered in Valley Cottage, US, Promident, LLC specializes in dental equipment production. The company has not undergone any significant pivots or changes in its business operations since its inception. Promident was acquired by Young Innovations, Inc.
in July 2018, although specific financial details of the acquisition remain undisclosed. Johnson-Promident specializes in a diverse range of dental handpieces, replacement parts, and accessories, positioning itself as a key player in the dental equipment industry for over three decades. The company's core offerings include high-speed handpieces, such as the Gemini MW and Gemini Kavo-Type high-speed models, as well as a variety of accessories like the JetPolisher 2000 and JetSonic 2000M. Recently, the firm has expanded its product line to include Deldent scaling and polishing products alongside a comprehensive range of rotary instruments, totaling over 1,000 quality products.
These tools are designed to enhance dental procedures by improving efficiency and patient outcomes, serving a clientele that includes dental practitioners, clinics, and hospitals across various international markets such as North America, Europe, and parts of Asia. Johnson-Promident's revenue model is primarily driven by direct sales to dental professionals and institutions, utilizing a B2B transaction structure. The company engages with clients through wholesale partnerships and direct sales to clinics, providing a streamlined purchasing experience for their handpieces and accessories. Transactions typically involve bulk orders of flagship products, such as the Prometheus Self-Contained LED Couplers and Gemini handpieces, with pricing reflecting the quality and innovation these products offer.
The sales cycle encompasses initial consultations, product demonstrations, and follow-up orders, ensuring comprehensive support to clients throughout their purchasing journey. Promident, LLC is focused on expanding its product offerings with upcoming launches of new dental instruments and accessories, though specific release dates have yet to be disclosed. The company aims to penetrate emerging markets in Asia and Europe by the end of 2023, leveraging its existing reputation in the dental supply sector to facilitate this growth. Recent capital from the acquisition will support these initiatives, enhancing research and development efforts to innovate and expand their product portfolio.
Current Investors
Young Innovations, Inc.
Primary Industry
Medical Devices & Equipment
Sub Industries
Dental Products & Services, Medical Equipment Distributors
Website
www.johnsonpromident.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Promident, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Promident, LLC | - |
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