UAE based International research and private equity firm, Grace Century, will be attending its portfolio company Provia Laboratories’ first meeting of 2014 this week as the health services company looks to implement its strategic global expansion initiative.
Ras Al Khaimah, UAE January 5, 2014)–The executive team of UAE based international research and private equity consultancy, Grace Century, FZ LLC is in Boston, Massachusetts this week to attend Provia Laboratories’ first quarterly meeting of 2014. The meeting is designed specifically to implement the next phase of the health services company’s dental stem cell bio banking service.
According to Scott Wolf, CEO of Grace Century, this week’s meeting will be much more than a typical quarterly meeting for Provia and its bio-banking service, Store-A-Tooth. Upon moving into its new headquarters–triple the company’s previous space—and bringing all of its operations under one roof, Provia Labs has been able to simultaneously reduce fixed costs and accommodate dramatic growth. The company is ready for its planned North American, European, and Middle East expansion.
“These are incredibly exciting times for Provia and its expansion. When we promote a firm, we believe that there is an obligation of oversight to our members that is ongoing. This will be our third visit to Provia,” said Wolf.
“2013 was designed to prove our model works. With tremendous dental professional interest and acceptance, we have built not only an existing dentist network of over 6,000, but the model to replicate this nationwide,” explains Provia Laboratories CEO, Howard Greenman.
“While each geographical territory has its challenges, the common denominator is that there is tremendous demand by families to harvest and bank their children’s stem cells. The key is increasing awareness of their opportunities to do so from teeth.”
Provia Labs is presently providing services directly or through collaborators in seven countries and three states in the U.S. The plan is to expand into ten states in 2014. Europe, the Caribbean, and possibly the Middle East will also be added in the New Year.
Besides the bio banking of dental stem cells, Provia Labs has completed numerous federal consulting contracts and provides bio-specimen containers to some of the world’s premier research facilities through its Proviasette division.