Melville-based Henry Schein was added to the 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 a sizable Islandia operation, has a $14 billion market valuation.
A Fortune 500 company and member of the NASDAQ 100, Henry Schein employs more than 17,500 and serves 1 million customers worldwide
In a statement, Henry Schein CEO Stanley Bergman said he was happy to see his firm added to the “iconic” group of the world’s largest companies.