Henry Schein

With Patient Innovations, the wait may be over

By GREGORY ZELLER // Patient Innovations does not have modest goals. Citing a sad legacy of waiting-room delays and other gross inefficiencies costing healthcare providers both time and money, the 2013 startup is out to change the healthcare world. And if it generates a billion-dollar payday along the way, so much the better, says cofounder Ken Greenberg. Pardon Greenberg’s optimism, which may be influenced by his success as cofounder and CEO of award-winning, circa-1992, Hauppauge-based…


No. 295: Schein spins out, Marcum surveys CEOs, FalconStor soars west, and how San Diego can save Long Island

Welcome to Wednesday: Over the hump we go, dear readers, and a special hello to new subscribers Heather, Lincoyan, Alan, Nick, Chris, Kimberly, James and Aamir. We couldn’t do it without you. Well, we could, but nobody would know. Now that you’re part of the family, drop us a line at editor@innovateli.com and tell us what you think. Story tips and calendar suggestions thrill us beyond words. Spring break: It’s April 4 out there and…


Westbound Falconstor erases 4Q, fiscal year losses

  FALCONSTOR SOFTWARE INC. Headquarters: Austin, Texas Industry: Software OTC: FALC Reporting Date: March 22, 2018 Reporting Quarter: 4Q FY2017 Quarter Ended: Dec. 31, 2017 Numbers: Total revenues for the three months ended Dec. 31, 2017, were reported as $6.3 million, a 14.8 percent decrease from the $7.4 million reported for the same quarter last fiscal year. Net GAAP operating income was reported as $1.4 million, turning around a $1.2 million loss reported for 4Q…


No. 284: On plutonium, gun control and the video Q&A, with a Silicon Valley vibe

Friday on my mind: Spend your bread and lose your head, dear readers – you’ve reached another glorious (if wet) weekend. Reward yourself by checking out Eater’s list of highly binge-able TV options, the perfect cure for soggy Saturdays and soaked Sundays. Jiminy Crickets: Happy birthday, “Pinocchio.” The animated Disney classic debuted this date in 1940. Exactly one year later, at Berkeley, Nobel Prize winner Glenn Seaborg produced plutonium. Other debuts: Real boys (and girls)…


No. 267: On good fellows, spoon benders, Octomoms and trends to come

Welcome, dear readers: And over the year’s penultimate hump we go. Just five more days until Christmas and 11 until tumultuous 2017 runs its course. Boy, have you earned a holiday. The Innovate LI team will be catching up on baking, last-minute shopping and gift-wrapping, so watch for our next newsletter on Dec. 27. We hope you enjoy a peaceful, safe and joyous weekend! Before there was Octomom: When Nadya Suleman famously gave birth to…


Holiday sale: Henry Schein snags Georgia tech firm

The world’s largest distributor of animal-health products, among other thriving interspecies healthcare verticals, has acquired a new cloud-based weapon for its business-development arsenal. Melville-based Henry Schein announced Monday the acquisition of Atlanta-based eVetPractice, a 2011 startup focused on cloud-based practice-management solutions for veterinary clinics. eVetPractice becomes the newest addition to the expanding software portfolio offered by the Henry Schein Veterinary Solutions division, which has offices in Wisconsin, Missouri and Pennsylvania and is billed by the…


No. 256: Historic places, earning potential, winning students and will.i.am doing customer service

Good day, comrades: Take a bow this Nov. 8, dear readers, if you were around 100 years ago today, when Lenin, Trotsky and Stalin took over following Russia’s October Revolution of 1917. (Just, you know … bow carefully.) Welcome new readers Ted, Joseph, Diane and Daniel, and please share your thoughts at editor@innovateli.com. Story tips, corrections and back-pats gratefully accepted. Shed no tiers for them: Heartfelt congratulations to our friends at Uniondale law firm Farrell…


Tomorrow’s health tech to shine at LICA Capital Forum

By GREGORY ZELLER // Another intriguing combination of presenters and panelists marks the next Capital Forum on the Long Island Capital Alliance’s schedule, this one focused on the lifeblood of the Island’s innovation economy. Following a June networker centered around cybersecurity startups and a March pitch-a-thon spotlighting early-stage technology firms, the latest Capital Forum returns to healthcare, a Long Island socioeconomic cornerstone that has naturally become a go-to theme for LICA and its (roughly) quarterly…


Digital dentistry program takes root at SBU

By GREGORY ZELLER // Break out the intraoral scanners: Stony Brook University is sinking its teeth into a groundbreaking digital dentistry curriculum. The university’s School of Dental Medicine is one of five U.S. dental schools (there are only 66 total) selected to pilot a new digital dentistry program developed by the Chicago-based American College of Prosthodontists. Stony Brook joins dental schools at the University of Kentucky, Rutgers University in New Jersey, A.T. Still University in…


Admitting no guilt, Henry Schein settles antitrust suit

Henry Schein Inc. has bought its way out of a two-year-old antitrust lawsuit. The Melville-based global healthcare products and services distributor announced this week that it’s settled litigation brought by Arizona-based SourceOne Dental Inc. Although neither party has made an official statement about the size of the settlement, it appears to be somewhere in the $3 million range. Seeking unspecified compensation, SourceOne – self-billed as the dental industry’s “first e-commerce marketplace offering an aggregation of…


Stellar sales, tax break propel Henry Schein’s 1Q

By GREGORY ZELLER // They sure grow fast at Henry Schein Inc., where a seemingly endless expansion has led to another record quarter. Reporting Tuesday on the first quarter of its fiscal 2017, which ended April 1, the Melville-based global healthcare products and services distributor once again noted record-setting gains in quarterly sales and income, with each of its global divisions reporting shiny bottom lines. Net sales for the quarter were recorded as $2.9 billion,…


To infinity, and beyond, at FSC commencements

Farmingdale State College will go global, and then some, at its annual commencement exercises. The college is planning two separate ceremonies this year – one for students graduating from the School of Business and the School of Health Sciences, one for graduates of the School of Arts and Sciences and the School of Engineering Technology – and each will feature a heavy-hitting keynote speaker. The Business/Health Sciences commencement, scheduled to begin at 10 a.m. May…


Acquisitions score, keep on coming at Henry Schein

By GREGORY ZELLER // New revenues from a string of international acquisitions have helped Henry Schein Inc. do it again. Reporting Tuesday on the fourth quarter of its fiscal 2016, which ended Dec. 31, the Melville-based global healthcare products and services distributor once again noted record-setting gains in quarterly earnings – reported at $151.28 million (or $1.88 per share), up from $139.26 million ($1.67 per share) in 4Q FY2015. Long Island’s largest publicly traded company…


LICA sets flashy lineup for Healthcare Forum

By GREGORY ZELLER // The Long Island Capital Alliance has announced a high-profile roster of presenters and panelists for its Dec. 9 Healthcare Capital Forum. The event – one of several capital forums hosted annually by the Capital Alliance, which aims to put regional early-stage companies in front of an experienced review board and an audience of potential investors from Long Island and beyond– has attracted a healthy cross-section of healthcare startups, including two based…


Henry Schein shines in ‘record’ 3Q performance

When the worst news of your quarterly earnings report is you’re affirming your EPS guidance for the rest of the year, you know you’re doing fairly well. “Fairly well” is a relative term, of course, and for Henry Schein Inc., it loosely translates to another quarter of rising revenues and improved per-share earnings. Reporting Wednesday on the third quarter of its 2016 fiscal year, the Melville-based global healthcare products and services distributor noted impressive gains…