Dental care firm quip unveiled its plans to purchase dental telehealth firm Toothpic for an undisclosed sum.
The acquisition will enable quip customers to entry each preventative digital checkups and on-demand digital emergency dental care. The companies will probably be wrapped into quip’s digital platform, which lets customers observe oral hygiene habits and monitor well being over time.
In accordance with quip, as soon as Toothpic is built-in into its app the service will have the ability to reward optimistic well being habits and information sufferers in caring for their oral well being.
At present quip presents a subscription toothbrush service that gives customers a substitute toothbrush head each three months. The corporate additionally presents an app, which may observe and coach customers on their brushing and provide rewards. The corporate additionally lets members guide dental care appointments inside the app.
”By embedding Toothpic’s teledentistry platform and nationwide community of on-line dental professionals into our app, we are going to centralize entry to a full suite of linked oral care merchandise and dental companies that can drastically alter the best way folks expertise and handle their oral well being,” Simon Enever, cofounder and CEO of quip, mentioned in an announcement.
“We’re excited to welcome the extraordinarily proficient Toothpic crew to the quip neighborhood to assist us proceed constructing this a lot wanted platform for sufferers and suppliers.”
WHY IT MATTERS
According to the CDC, a couple of in 4 adults have untreated tooth decay within the U.S. The company experiences that having a power illness might enhance an individual’s threat for having lacking enamel or poor oral well being.
“We’ve made unimaginable strides in making oral well being care accessible to people and companies across the nation by means of our internet and cell purposes,” mentioned Shane Owens, CTO and cofounder of Toothpic.
“We share a imaginative and prescient for shifting dentistry from a fee-for-service mannequin to a preventative-focused, value-based care one. We will’t think about a greater accomplice than quip as we search to additional our mission to supply progressive oral care options that not solely enhance the lives of sufferers, but in addition enhance and modernize the supply of care to our supplier networks and decrease the price of care to our companions.”
WHY IT MATTERS
This information comes lower than a yr after quip introduced a $100 million Sequence B funding spherical geared toward constructing its product line, increasing globally and creating extra skilled companies for its community of suppliers.
However quip is not the one firm working within the dental care area. AI-backed dental care startup VideaHealth scored $20 million in Sequence A funding. Moreover, dental care and observe administration is Overjet raked in $42.5 million in Sequence B funding.