Orthodontic product maker Align Technology Inc said it has agreed to buy privately held Cadent Holdings Inc for $190 million in cash to expand its presence in restorative dentistry. Align expects the deal to hurt 2011 earnings per share (EPS), but add to 2012 EPS. It expects adjusted 2011 EPS of 70-75 cents. The deal follows an announcement in January of a joint venture between Align and Cadent to co-develop its flagship product line Invisalign software applications that will run on Cadent scanners, the company said.
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