Stanley Bergman

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…


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…


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,…


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…


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…


Schein shines but exchange rates hurt

Multiple acquisitions and healthier international markets helped Henry Schein post a record second quarter, according to an earnings report released Wednesday. Although the strength of the U.S. dollar against various foreign currencies once again shortchanged overall sales, the Melville-based provider of medical, dental and animal-health products and services recorded its second consecutive quarterly sales record. For the quarter ended June 27, Henry Schein reported $2.6 billion in net sales – a 0.5 percent increase over…


Henry Schein CEO Stanley Bergman

Henry Schein takes a bite of Danish

Henry Schein is going to Denmark. The Meville-based healthcare products distributor announced Tuesday it is acquiring a majority share of Jorgen Kruuse A/S, Scandinavia’s largest veterinary products distributor. Financial terms of the deal were not disclosed, by Henry Schein said it would acquire 85 percent of the company, which reported $90 million in 2014 sales. The Kruuse family will hold onto a 15 percent stake. The deal is expected to close in the third quarter…


Henry Schein CEO Stanley Bergman

Henry Schein’s $11 billion niche

BY GREGORY ZELLER// Even for a company as large as Henry Schein, months don’t get much bigger than this. On April 17, one of Long Island’s best-known brands marked its first month on one of the planet’s most prestigious stock indexes. Henry Schein announced March 16 that it had been selected by S&P Dow Jones Indices to join the S&P 500, following Long Island’s Kimco Realty, Cablevision Systems Corp. and Pall Corp. Next came word…


Henry Schein CEO Stanley Bergman as the firm joins the S&P 500 and is named to Forbes best companies list.

Health products giant Henry Schein added to S&P 500

Melville-based Henry Schein was added S&P 500 this week in recognition of the healthcare products distributor’s market capitalization, which now ranks among the 500 largest companies listed on the New York Stock Exchange or NASDAQ. The firm’s market capitalization was about $11.5 billion – the largest for a Long Island-based firm. Canon, whose U.S. operations are headquartered in Melville, has a $36 billion market capitalization while CA Technologies, which recently moved its headquarters to New York City but maintains…