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Zila completes sale of dental division

Kevin Henry

December 5, 2001

Zila, Inc. has announced completion of the sale of its Zila Dental Supply division, with the closing of the sale of the division's mail-order operations to PracticeWares, Inc., of Sacramento, Calif. Zila previously announced the sale of the division's full-service dental distribution operations to Henry Schein, Inc. Total gross proceeds from the two separate sales of the division's assets are approximately $13.8 million. The gross proceeds are subject to certain post-closing adjustments.

Zila President Joseph Hines reiterated that the divestiture "represents a major refocusing of Zila's strategic direction, allowing the Company to concentrate on the development and marketing of its proprietary pharmaceutical, biotechnology and nutraceutical products."


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