The company value for the talks is $100 million.
Dental implants maker MIS Implants Technologies Ltd. is in talks to bring a large investor into the company. MIS was founded in 1995 and sells its implants all over the world, with the exception of the US, because it lacks US Food and Drug Administration (FDA) certification. The company's profits are estimated at $8-10 million a year.
The negotiatons value MIS at $100 million. Among other potential investors, MIS has met with TA Associates Ltd., an investor in aesthetic laser treatment company Alma Lasers Ltd.
MIS CEO Idan Kleifeld said, "The company holds 5% of the global dental implant market. The market is seeking a high quality product at the right price."
Published by Globes [online], Israel business news - www.globes-online.com - on January 6, 2011
© Copyright of Globes Publisher Itonut (1983) Ltd. 2011