Envista (NVST) Stock: Why The Price Went Up

By Amit Chowdhry ● Feb 2, 2022
  • The stock price of Envista Holdings Corporation (NYSE: NVST) increased by 0.37% in the most recent trading session. This is why it happened.

The stock price of Envista Holdings Corporation (NYSE: NVST) increased by 0.37% in the most recent trading session. Investors are responding positively to Envista and leading dental support organization Pacific Dental Services (PDS) announced the extension of their implant and imaging commercial relationship for an additional 5 years and the expansion of this relationship to include Envista’s Spark clear aligners.

Over the past few years, PDS and Envista have invested resources to expand implant treatment capabilities to each of PDS’ supported practices, training hundreds of clinicians, and creating a network that offers the latest tooth replacement solutions from Nobel Biocare. And more recently, PDS upgraded its imaging infrastructure to 3D imaging using Envista’s OP 3D cone beam computed tomography platform and DTX Studio ecosystem, elevating diagnostic capabilities to improve the quality and accuracy of clinical treatment plans. 

Clear aligners represent the latest area of collaboration between the two organizations. And PDS-supported practices now have the opportunity to offer Spark clear aligners to provide high quality and convenient orthodontic treatment to patients, leveraging the latest advancements in clear aligners that are clearer, more comfortable, and stainless.

KEY QUOTES:

“Over the years, we have witnessed firsthand PDS’ commitment to patient care and their relentless desire to continuously elevate dentistry. We are thrilled to offer our products and services to their supported clinicians. We stand ready to deploy our arsenal of implant, clear aligner, and imaging solutions to drive clinical excellence and accelerate growth across their 850+ supported practice locations.”

— Filippo Impieri, Envista SVP

“Pacific Dental Services and Envista have enjoyed an excellent working relationship over the past several years. PDS is proud to work closely with one of the world’s largest and most innovative dental products companies. Our shared commitment to helping/assisting clinicians deliver high quality dental care to patients has translated into their improved overall health, and this expansion to offer Envista’s Spark clear aligners enables our supported clinicians to offer their patients the option to straighten their teeth with this increasingly popular solution.”

— Jon Thorne, Chief Operating Officer and SVP of Operations Support at Pacific Dental Services

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.