Henry Schein, Inc. (Nasdaq: HSIC), the world’s largest provider of health care products and services to office-based dental, animal health and medical practitioners, today announced the acquisition of Dental Supplies Limited (Dental Supplies), a leading full-service distributor serving dental practices in the Canadian province of Newfoundland and Labrador. Henry Schein has served dentists and dental laboratories in Canada since the late 1980s, and this transaction expands the Company’s presence in the most easterly province of the country.
Founded in 1949, Dental Supplies is based in Mount Pearl and had sales in 2015 of approximately US$4.7 million. Financial terms of the transaction were not disclosed.
“Henry Schein has deep roots in the Canadian dental marketplace, and we are delighted to expand our presence to the eastern-most province of Newfoundland and Labrador. Dental Supplies has served dental practices for more than six decades and they bring to Henry Schein precisely the type of leadership we enjoy in so many other geographies around the world,” said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. “We welcome our new colleagues at Dental Supplies to Team Schein.”
Dental Supplies’ partners Larry Abbott, Chris Murray, and Gord Mercer will join Henry Schein and will provide extensive local-market experience, as well as long-standing customer and supplier relationships. Dental Supplies will be integrated into Henry Schein Canada.
“Dental Supplies and Henry Schein share a focus on excellent quality and superior service, and our commitment to our customers’ success will be greatly enhanced by the Henry Schein infrastructure and capabilities,” said Larry Abbott, President of Dental Supplies Limited. “As part of Henry Schein Canada, we will have new ways to help dentists in Newfoundland and Labrador grow their businesses and enhance profitability while they provide the highest level of care to their patients. From a practical perspective, our customers will now have access to the broadest array of dental merchandise and equipment in the industry, as well as the exclusive Privileges customer-loyalty program, enhanced electronic ordering tools, and so much more.”
