Dentsply (XRAY) - Get Report said this morning that it has agreed to sell its InfoSoft division to PracticeWorks, resulting in a $20 million to $22 million pretax gain for the company if the deal is completed, as expected, during the first quarter of 2001.
Dentsply designs and develops dental and laboratory products and dental equipment. It said that the sale of software-maker InfoSoft would likely add 23 cents to 25 cents to its earnings per share during the first quarter.
PracticeWorks is a dental software management and dental benefits management company that is being spun off from
Dentsply also said it expects to take a $2.6 million charge during the fourth quarter, primarily to reorganize its Latin American and French business. However, in a statement, the company said it does not expect the charge to cause it to miss its year-end earnings estimate of $1.92 to $1.94 a share.