Thursday, April 21, 2022

quip Acquires Teledentistry Company Toothpic

I found this press release interesting.  quip makes and sells an affordable powered toothbrush and an entire line of oral health products such as floss, toothpicks,  mouthwash, etc.  The brush is priced much lower than others and is powered by a AAA battery.  This is an interesting acquisition and I think plays well into a consumer based/focused company like quip.


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.

Access to quality dental care continues to be a challenge that persists within the United States. Teledentistry services can help increase access to quality care in both rural and urban communities, remove barriers to oral health care disparities, and ultimately support better oral health outcomes by taking a more preventative approach to professional care through more regular at-home virtual checkups.   

"By embedding Toothpic's teledentistry platform and nationwide network of online dental professionals into our app, we will centralize access to a full suite of connected oral care products and dental services that will drastically alter the way people experience and manage their oral health," said Simon Enever, Co-Founder and CEO of quip. "We are excited to welcome the extremely talented Toothpic team to the quip community to help us continue building this much needed platform for patients and providers."

quip's goal is to help people build and maintain good, long-lasting preventative oral care habits, which goes well beyond just the products they use. By adding virtual, on-demand access to dental professionals, quip has built a singular digital platform where users can track daily oral care habits, monitor oral health changes over time, schedule regular virtual visits to prevent or identify issues early on and book in-person, local dental appointments when required, all from the comfort of their own home.

Once fully integrated, current quip and Toothpic users and partners will have access to a free oral care companion app that guides and rewards good oral health habits such as brushing and having a dental checkup, and helps manage the following comprehensive suite of oral care products and services:

Personal & Professional Care Products including adult and kids electric toothbrushes. refillable floss pick and string, refillable mouthwash, gum, and their recently launched professional clear aligner service. quip also offers smart brushes that allow the user to automatically track how they are brushing in the app.

Digital Oral Health Monitoring to further support preventative care between in-person dental visits. Through asynchronous virtual dental professional screenings that analyze photos of users' mouths, users will be able to track their mouth health over time through in-depth reports that can be delivered in as little as 6 hours, as well as product, prescription and treatment recommendations.

Direct Connection to Local Dental Professionals & Immediate Care through a digital directory and instant booking. Users will be able to find and book in-person dental services from providers in their area or schedule live video consultations with a dentist for an immediate diagnosis and advice.

"We have made incredible strides in making oral health care accessible to individuals and businesses around the country through our web and mobile applications," said Shane Owens, CTO and Co-Founder of Toothpic. "We share a vision for shifting dentistry from a fee-for-service model to a preventative- focused, value-based care one. We can't imagine a better partner than quip as we seek to further our mission to provide innovative oral care solutions that not only improve the lives of patients, but also improve and modernize the delivery of care to our provider networks and lower the cost of care to our partners."

Through the acquisition, the combined platform will connect millions of patients with dentists nationwide through the integration of Toothpic's ecosystem and their partnerships with benefit providers such as Delta Dental of California and Blue Cross Blue Shield of Massachusetts as well as quip's recently announced partnership with UnitedHealthcare Dental.

For the latest from quip, follow @quip on Instagram or visit getquip.com.


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