Costas Profile
Costas, Inc. (Costas) engages in discovering, acquiring, and developing dental labs throughout the United States.
The company plans to acquire independent labs looking to exit the market, or whom may be interested in retirement. Labs will be consolidated into one regionally central lab, and continue to operate, adding revenue to the company's income statement.
In May 2022, Costas, Inc. acquired Standard Dental Labs Inc. (SDL), a privately owned Wyoming corporation, which is in the business of identifying and purchasing privately owned dental labs in the United States, consolidating them regionally, and operating them. In August 2022, the company purchased all of the assets, including the revenue, of Prime Dental Lab LLC, a Florida dental laboratory.
In addition to the company’s expansion program, it operates day-to-day as a full-service dental lab. With more than 50 dental clinics as clients, Standard Dental Labs Inc. (SDL) produces approximately 500 dental prosthetics each month. Although all the work is subcontracted to Prime Dental Lab LLC, the company is working on opening a large and modern facility in Orlando, Florida to accommodate 75 full-time employees, including dental lab technicians.
The 500 orders that are delivered each month are completed by a team of 5 dental lab techs. With 60+ techs working in the new facility, the company expects tech productivity to factor on par or better than current levels due to improved support technologies and equipment in its new facility.
Products and services
Dental labs supply dentists and dental clinics with dental prosthetics, such as crowns, bridges, and implants. Although they manufacture many other prosthetics, these represent a large majority of what is supplied.
Strategy
Acquiring labs will be the focus of the company’s growth strategy.
History
Costas, Inc. was founded in 1998. The company was incorporated in the state of Nevada in 1998.
