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SmileDirectClub

SmileDirectClub

SmileCareClub is a company that offers aligner therapy using a series of plastic aligners that gradually shift teeth into desired position.

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Contents

smiledirectclub.com
Is a
Company
Company
Organization
Organization

Company attributes

Industry
Orthodontics
Orthodontics
Healthcare
Healthcare
Medical device
Medical device
Health technology
Health technology
Location
Nashville, Tennessee
Nashville, Tennessee
B2X
B2C
B2C
0
CEO
David Katzman
David Katzman
Founder
Alex Fenkell
Alex Fenkell
Jordan Katzman
Jordan Katzman
Pitchbook URL
pitchbook.com/profiles.../92317-69
Number of Employees (Ranges)
1,001 – 5,000
Full Address
414 Union Street 8th Floor Nashville, TN 37219 United States
CIK Number
1,775,625
Investors
Spark Capital
Spark Capital
Clayton, Dubilier & Rice
Clayton, Dubilier & Rice
Kleiner Perkins Caufield & Byers
Kleiner Perkins Caufield & Byers
Founded Date
2014
0
Total Funding Amount (USD)
380,000,000
Latest Funding Round Date
October 2018
Exchange
Nasdaq
Nasdaq
CFO
‌
Troy Crawford
Former CEO
Doug Hudson (Entrepreneur)
Doug Hudson (Entrepreneur)
Legal Entity Identifier
254900QFZEGKCURCJS930
COO
Steven Katzman
Steven Katzman
Country
United States
United States

Other attributes

Blog
blog.smiledirectclub.com
Company Operating Status
Active
Ticker Symbol
SDC
Wikidata ID
Q60751931

The SmileDirectClub (SDC) offers BPA-free, clear aligners direct-to-customer. Over the course of 6 months each customer gradually shifts their teeth to the desired position with several sets of custom clear aligners. SDC is partnered with Camelot Venture Group, a private investment group.

The main difference between Align Technology’s Invisalign clear braces and the product offered by SDC is that SDC clear braces cost less and do not require in-person visits to an orthodontist. SDC has more than 300 “SmileShops”, located at CVS and Walgreens (US), and locations in UK, Canada, Puerto Rico and Australia. Tooth impressions can be taken at “SmileShops” or by ordering an at-home impression kit. Company staff, orthodontists and technicians, located in Costa Rica, prepare a treatment plan, approved by the customer and then finally approved by a state-licensed US-based orthodontist. A series of aligners are shipped from a US facility. One facility is located in Tennessee and another is being built in Texas. The list price for SDC aligners is under $2000. The treatment timeframe is 5-10 months, which is shorter than with Invisalign (12-24 months).

SDC has in-house financing with a “no credit check” option at 17% APR ($250 downpayment). This covers the cost of aligners and then $85 monthly payments occur over 24 months. Data show that 65% of customers use their payment plan system called SmilePay.

SDC has been criticized by the American Association of Orthodontists (AAO) and several state dental boards. Complaints have been filed alleging regulatory violations by the company. AAO argues that its business model does not do enough to protect patients since they do not see the treating orthodontist during the process. Sean Murphy, general counsel for the AAO said that there are risks to moving teeth inappropriately.

SDC has been involved in dozens of lawsuits and complaints in the US and also filed a lawsuit against dentists in the province of Manitoba, Canada in 2019. SDC and SDC Canada Inc. accused the dental association of making “false or misleading statements” about the company and misleading and intimidating dentists.

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