Dental Industry Financial Overview Hector G' Calzada, Jr' Senior Vice President Houlihan Lokey

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Dental Industry Financial OverviewHector G.
Calzada, Jr. Senior Vice PresidentHoulihan Lokey
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Overall Healthcare MA Activity
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Annual Global MA Activity
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Quarterly Global MA Activity
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Annual U.S. MA Activity
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Quarterly U.S. MA Activity
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Annual Global Healthcare MA Activity
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Quarterly Global Healthcare MA Activity
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Annual U.S. Healthcare MA Activity
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Quarterly U.S. Healthcare MA Activity
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Annual European Healthcare MA Activity
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Quarterly European Healthcare MA Activity
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Other International Healthcare MA Activity
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Other International Healthcare MA Activity
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U.S. HC MA Activity (50M-250M)
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U.S. HC MA Activity (250M-500M)
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U.S. HC MA Activity (500M)
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U.S. HC MA Activity By Segment
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European HC MA Activity By Segment
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International HC MA Activity By Segment
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Current Financing Market Conditions
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Average Equity Contribution to Leveraged Buyouts
1987 1Q08
- Equity includes common equity and preferred
stock as well as holding company debt and seller
note proceeds downstreamed to the operating
company as common equity Rollover Equity prior
to 1996 is not available There were too few
deals in 1991 to form a meaningful
sample. Source SP LCD.
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Financing Options
Many Alternatives Exist to Customize a Financing
Solution
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The year starts poorly, as expected
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Recent Trends
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Recent Trends
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Dental Equipment Analysis
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U.S. Dental Labs Market Overview
U.S. Dental Expenditures ( billions)
Source CMS Wall Street research
Dental Practice Expenses ( of Revenues)
Source Wall Street research
Source Industry research
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Capital Markets ActivityDental
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Relative Market Performance
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Dental Trading Multiples
Source Capital IQ
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Dental Trading Multiples (continued)
Source Capital IQ
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Select Dental and Oral Venture Financing Deals
Source VentureSource
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Select Venture Financing Summary - Dental
-Seed Round median pre-money value money
unavailable.
Source VentureSource
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Appendix
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Current Market Statistics
Source Capital IQ
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Dental Distribution Transactions
Source Capital IQ
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Dental Distribution Transactions (continued)
Source Capital IQ
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Dental Distribution Transactions (continued)
Source Capital IQ, Irving Levin, Press Releases
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Dental Device Transactions
Source Capital IQ, Thomson Financial and public
filings
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Dental Lab Transactions
Source Capital IQ and Irving Levin
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Dental Practice Management Transactions
Source Capital IQ, Securities, Data Corp.,
Mergerstat, Irving Levin and Company Filings
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Select Dental Venture Financing Deals
Source VentureSource
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Select Dental Venture Financing Deals (continued)
Source VentureSource
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Transaction Regression Analysis
Source Capital IQ
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