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 1990 by brothers Roman and Marek Stekla, Marrodent claimed $32 million in 2015 sales of dental consumables and equipment, as well as laboratory supplies.
Stanley Bergman: Mouthwatering opportunity.
Based in Bielsko-Biala with distribution facilities in Warsaw, the company is an ideal addition for the self-billed “world’s largest provider of healthcare products and services to dental, animal health and medical providers,” according to Henry Schein Chairman and CEO Stanley Bergman, who senses a “considerable opportunity to expand this business among the country’s approximately 26,000 practicing dentists.”
“We look forward to working together and serving the Polish dental community with the same high standards and commitment to efficiency and success that customers throughout the world have come to expect from Henry Schein,” Bergman said in a statement.
The brothers Stekla will retain 20 percent ownership of Marrodent, according to the acquisition agreement. Both will both join Henry Schein’s corporate ranks, as will Marrodent CEO Artur Podolski
“With the demand for dental services growing rapidly in Poland, our partnership with Henry Schein will expand our mutual efforts to focus on practice care so dental professionals can focus on patient care,” Marek Stekla said.
The deal will also expand Henry Schein’s bottom line. In 2015, the Melville company reported global dental sales of $5.4 billion. When the deal closes, Henry Schein will have dental operations or affiliates in 27 countries.
That includes Japan, where the company in March announced it was taking a 50 percent stake in One Piece Corp., a subsidiary of global dental-practice supplier J. Morita Corp. Henry Schein completed its J. Morita investment in June, according to a company statement.
All told, the Fortune 500 company now has operations or affiliations in 33 countries, and counting. In January, Henry Schein announced it would acquire RxWorks Inc., a leading supplier of veterinary practice management software in Australia, New Zealand, the UK and the Netherlands.
With $10.63 billion in reported global 2015 sales, Henry Schein – a member of the S&P 500 and the Nasdaq 100 indexes – is Long Island’s largest public company, ranked by revenue.
