Henry Schein

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…


Henry Schein acquires Polish dental supplier

Same Poland, new market for multifaceted medical maker Henry Schein. The Melville-based healthcare products provider, whose animal-health division has served customers in Poland since 2014, has announced an agreement to acquire 80 percent of full-service dental distributor Marrodent, which services about 10,000 dental offices across the central European nation. Terms of the deal, which is subject to approval by Polish regulators and is expected to close in the fourth quarter, were not disclosed. Launched in…


Henry Schein CEO Stanley Bergman

New quarter, familiar fortunes for Henry Schein

It was another solid spring for Henry Schein Inc., which reported its second-quarter financials to investors Thursday. Setting the tone in the quarter ended June 25 were year-over-year gains in net sales and income, with each of the Melville-based healthcare-products provider’s individual business segments reporting improved bottom lines. Company-wide net sales for the second quarter were reported at $2.9 billion, a 9.3 percent increase over reported net sales in 2Q 2015. The increase overcame a…


Henry Shein ‘pleased’ with Q1’s 10% sales jump

They’re off to the races once again at Henry Schein Inc., where healthy increases in net sales and net income highlighted a strong first quarter. Coming off a stellar 2015, the aggressively expanding Melville-based healthcare products distributor reported net sales of $2.7 billion for the quarter ended March 26, an increase of 10.1 percent over net sales reported in 1Q 2015. The sales spike came despite a 1.9 percent decline in foreign currency exchange rates,…


Henry Schein inks Japan deal

Medical products specialist Henry Schein Inc. is drilling into the world’s second-largest dental market. The Melville-based distributor of products and services to office-based dental, medical and veterinarian providers has announced a “definitive transaction” that expands its presence in Japan, which according to the company boasts 64,000 dental clinics and 90,000 dentists – one-fifth of whom will now be serviced directly by subsidiary Henry Schein Japan. The new partnership with J. Morita Corp. – a global dental-products…


Report: Schein, competitors face antitrust suits

Medical supply giant Henry Schein and two competitors are facing more than 20 antitrust lawsuits accusing them of colluding to restrict competition from discount distributors, Newsday is reporting. Most of the cases have been filed in U.S. District Court in Central Islip or Brooklyn and are being consolidated into one case, the paper said, quoting court documents. Many of the lawsuits have been filed by dentists since the beginning of the year. The lawsuits allege…


Henry Schein shines in Q4, full year

An impressive rise in adjusted earnings per share highlighted 2015 fourth-quarter and year-end financials released Wednesday by Henry Schein Inc. For 4Q 2015, which ended Dec. 31, the global healthcare-products provider reported EPS of $1.67, a 7.1 percent year-over-year jump. The aggressively expanding Melville company credited the quarterly increase – and a year-end EPS of $5.96, up 9.6 percent from 2014’s per-share earnings – to strong revenues across its Dental, Medical, Animal Health and Technology…


Schein acquires vet software firm

Henry Schein has picked up right where it left off. After a 2015 marked by numerous domestic and international acquisitions, the Melville-based healthcare products provider has announced its first acquisition of 2016. The company said Tuesday it would acquire RxWorks Inc., a leading supplier of veterinary practice management software in Australia, New Zealand, the UK and the Netherlands. Terms of the deal were not disclosed. But RxWorks’ “excellent reputation for helping veterinarians increase practice efficiency…


Schein inks distribution deal for diabetes products

A new U.S. distribution agreement puts a Long Island healthcare-products stalwart in the thick of the fight against type 2 diabetes. Global medical-technology provider Medtronic has selected Henry Schein Medical, a subsidiary of Melville-based Henry Schein Inc., as its exclusive distributor of selected diabetes products to primary-care physicians in the United States. The deal, terms undisclosed, will introduce Schein customers to Medtronic’s cutting-edge solutions for people with Diabetes mellitus type 2, the most common form…


Henry Schein posts leap in net profits

Melville-based Henry Schein reported an 11.3 percent jump in net profits for the third quarter on Wednesday. And that despite an $8.4 million pre-tax restructuring charge. Net profits were $127.7 million, or $1.52 a share, up from $114.8 million ($1.34 a share) in the third quarter of 2014. Sales climbed 2.4 percent to $2.69 billion from $2.62 billion. Excluding the restructuring charges as well as a one-time tax benefit, net profits would have been $130.6 million ($1.55…


Schein acquires Italian dental firm

Another day, another acquisition of a company with annual revenues in the $40 million range. Just one day after announcing the acquisition of a majority share of Pennsylvania-based animal-health software maker Vetstreet, Melville healthcare products distributor Henry Schein Inc. has announced the acquisition of a 90 percent ownership share of Dental Trey, an Italian distributor of dental consumables and equipment. The deal is expected to close by the end of the year, according to Henry…


Medical supplier buys stake in vet-tech firm

Just a week after brushing up its dental prospects, Henry Schein is expanding its animal kingdom. The Melville-based healthcare products distributor announced Monday that it has acquired a majority share of Vetstreet, a Pennsylvania-based provider of marketing and analytics software for veterinary practices and animal health-product manufacturers. Terms of the deal were not disclosed, though Henry Schein is expected to control 80.1 percent of the SaaS provider when the transaction closes in early 2016. The…


Henry Schein launches prosthetics partnership

A partnership between a Melville-based medical supplies giant Henry Schein and a foundation focused on an emerging American Dental Association specialty will help usher computer-aided design into dental schools. Schein announced Friday that it will work with the American College of Prosthodontists Education Foundation and donate at least $1.25 million to the American College of Prosthodontists. The gift will help the college develop “a groundbreaking new curriculum” that makes heavy use of computer-aided design and…