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Quip Acquires Teledentistry Company Toothpic To Become First 360-Degree Oral Health Service And Improve Dental Care Access For Over 40 Million People

Apr 20, 2022•about 3 years ago

Acquiring Company

quip

Acquired Company

Toothpic

Health CareHealth CareSoftware

Description

quip, the modern oral health company with more than 8.5 million users, today announced that it has acquired Toothpic, a leading telehealth company offering teledental services and care to more than 36 million Americans through partnerships with premier dental insurers. The acquisition is part of quip's strategy to improve people's oral health by providing a first-of-its-kind, digital oral care companion that seamlessly manages a 360-degree suite of personal and professional oral care products and services, while guiding and incentivizing good oral health habits.

Company Information

Company

quip

About

quip is a modern oral health company launched in 2015 that provides thoughtfully designed personal oral care products and professional dental care services through a digital platform that makes oral care more simple, accessible, and enjoyable. The current personal care offerings include a wide selection of American Dental Association accepted (ADA seal) adult and kid electric toothbrushes, smart brushes, refillable floss pick and string, refillable mouthwash and gum, all kept fresh with a refill delivery service. quip's professional platform, which is behind quip Aligners and quipcare, is part of the company's future vision to connect personal care, oral health monitoring and professional care in one digital oral care companion app that helps access and manage all your oral care needs and guide and incentivize good oral health habits. quip was co-founded by Simon Enever and Bill May. Learn more at getquip.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed