Jericho, N.Y.-based Darby Dental Supply, one of the nation's largest dental distributors, reported the completion of its acquisition of the Smartpractice Dental Supply Division. The acquisition was first reported in February. In the months since, Darby has been engaged in strategic planning to seamlessly integrate employees, customers, and operations. With this acquisition, Darby said it doubled its West Coast footprint and has expanded West Coast operations to include customer service, purchasing and accounting. Earlier this month, Darby completed an extensive expansion and build-out of its Chandler, Ariz., office to accommodate the added functions. The Smartpractice dental sales and management teams will join Darby's Arizona team. Darby also recently completed an expansion and upgrade to its Reno and Memphis distribution centers.
Palo Alto, Calif.-based Varian Medical System received notice from Sydney-based Sirtex Medical Ltd. that the board of Sirtex has now received a binding proposal from Ch Investments, a China-based alternative asset manager, for the acquisition of all of the issued shares of Sirtex at a price of A$33.60 per share, besting Varian's offer of A$28 per share made in January. Varian formally notified Sirtex that it will not be submitting a counterproposal and that Varian is committed to the terms of the original merger agreement. Varian's deal with Sirtex, which was valued at A$1.6 billion, was expected to close by the end of May and had been approved by both boards. Varian was financing the acquisition with an unspecified mix of cash and debt facilities. (See BioWorld MedTech, Jan. 31, 2018.)