BriefKeystone Dental to Merge with Israeli Dental Implant Company Paltop
In June 2018, Keystone was acquired by Israel-based medtech investment firm Accelmed Growth Partners
Burlington, Massachusetts-headquartered dental implant company Keystone Dental Inc. has announced on Friday a merger agreement with Israel-based dental implant company Paltop Advanced Dental Solutions Ltd. Keystone was acquired in June 2018 by Israel-based medtech investment firm Accelmed Growth Partners, which invested $30 million in the company together with Israeli insurer Phoenix Holdings Ltd. and Poalim Capital Markets, a subsidiary of Israel’s Bank Hapoalim. The three made an additional $20 million investment as part of the merger.
Founded in 2010, Paltop develops implant components and surgical systems for dental restoration. The company currently employs 65 people, and intends to expand its development and manufacturing facility and increase its employee count following the merger. Paltop will manage the merged company’s global sales outside of North America, in Europe, Russia, Latin America, Israel, and the Far East.
Uri Geiger, Managing Partner of Accelmed and Keystone chairman. Photo: PR