Henry Schein has acquired a majority interest in the Exan Group (Exan), a privately held dental software company whose main product is axiUm.
The remaining ownership interest will continue to be held primarily by Exan executive management.
Through this transaction, Henry Schein further expands its business with dental schools in the U.S. and Canada, as well as general practice dental offices primarily in Canada, the company said.
axiUm, a dental institution management software, is sold to approximately 65 dental schools in the U.S. and Canada and represents approximately 75% of total revenue. Exan also develops and sells Power Practice, practice management software for general dental practices that is used by approximately 750 practices, primarily in Canada, and represents approximately 23% of total revenue. Sales by Exan for the past 12 months were approximately $11.7 million.
Exan has 82 team members, including 76 at its headquarters outside Vancouver. Exan CEO Ted Devries will serve as president of the company and chief financial officer Bill Gold will serve as vice president of finance.
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