ClearChoice Management Services and RODO Medical Enter into Strategic Alliance in the U.S.

DENVER and SUNNYVALE, Calif., June 25, 2014 /PRNewswire-iReach/ -- ClearChoice Management Services, LLC, a leading dental support organization (DSO) focused in the field of implant dentistry, and RODO Medical, Inc., a private company developing innovative dental implant restoration devices, today announced a strategic alliance between the two companies. 

As part of the agreement, ClearChoice will have three-year exclusive rights within the United States to use RODO Medical's Smileloc System at ClearChoice's 31 affiliated centers in 19 states. ClearChoice's affiliated practices, all-in-one dental implant clinics staffed by oral surgeons, prosthodontists and laboratory technicians, provide treatment options for patients missing from one to all of their teeth. The Smileloc System is designed to make restorations on dental implants safer, faster, less expensive and more comfortable than current techniques with dental cement and screws.

During the exclusive period, Rodo Medical will sell the Smileloc System components to ClearChoice affiliated centers.  In addition, Rodo Medical will continue to explore other strategic opportunities for product distribution and licensing outside the United States.

"The Smileloc System will allow our affiliated doctors to deliver an improved patient experience, while tremendously increasing productivity," stated Kevin Mosher, CEO of ClearChoice.  "We believe RODO Medical's Smileloc System is faster and safer to use, allowing for quick attachment of the restoration or full-arch prosthesis and shorter overall chair time for our partner doctors' patients.  The system also enables doctors to easily and safely remove the prosthesis, if necessary, without damaging it or the underlying components."

"We are very excited about the partnership with ClearChoice and the ClearChoice network of doctors and dental professionals," said Young Seo, CEO of RODO Medical.  "ClearChoice's commitment to the Smileloc System and their annual sales volume allows RODO Medical to focus on launching our new products with the strongest network of dental implant centers in the United States."

As part of the strategic alliance, ClearChoice will also invest in RODO Medical's upcoming Series B preferred stock financing.  

About ClearChoice

Founded in 2005, ClearChoice is a market leader in providing high quality practice management services to a growing network of affiliated dental implant centers. ClearChoice provides comprehensive administrative and non-clinical services to 31 dental implant centers – a network of doctor owned and operated dental treatment centers providing innovative and quality dental implant care – in 22 markets across the United States. ClearChoice affiliated centers offer comprehensive dental implant treatment services, and are leaders in full-mouth or whole-arch dental restorations. Each center's main objective is to ensure quality of care by not only using specialists to deliver treatment but to have all the specialists at one location working together as an integrated team, with support from advanced imaging equipment and an on-site lab. For more information, please visit http://www.clearchoice.com.

About RODO Medical

RODO Medical is an innovative medical device company dedicated to improving the quality of life of patients and dentists. The company has developed novel retention devices in implant dentistry. The Smileloc System is used in fixed restorations with dental implants and the Smileclip System used in removable dentures with dental implants.  Key opinion leaders in the dental implant community recognize both systems as truly disruptive and revolutionary. Rodo Medical's systems are fully compatible with leading implant brands in the market.  The Smileloc System is not yet cleared by the FDA for marketing in the US, but is available in Europe. For more information, please visit http://www.rodomedical.com

Media Contact: Tania Segovia, RODO Medical, 408.245.7636, info@rodomedical.com

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SOURCE RODO Medical



2017

Tags

Dentistry, Health Care & Hospitals, Venture Capital, Licensing


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