A South Korean dental implant company was approved by a judge to acquire Biolase’s assets for more than $20 million. Biolase initiated Chapter 11 bankruptcy proceedings in October and entered a $14 million purchase agreement to sell nearly all of its assets to dental technology company Sonendo. In a 10-Q form filed with the Securities and Exchange Commission Nov. 7, Biolase said the winning bid came from MegaGen Implant Co., a South Korean-based dental implant company, while Sonendo’s offer was named the backup bid.
Read the full article: MegaGen to Acquire Biolase Assets for $20M //
Source: https://www.beckersdental.com/dental-technology/44999-megagen-to-acquire-biolase-assets-for-20m-6-notes.html