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 it has completed the acquisition of a majority ownership interest in Dental Cremer S.A., a distributor of dental supplies and equipment in Brazil. The signing of the definitive agreement for this transaction was previously announced on February 5, 2016.
Dental Cremer, previously the dental distribution business of Cremer S.A., had 2016 net sales of approximately $145 million, serves nearly 90,000 dental practitioners across Brazil, and has more than 1,000 team members. Dental Cremer Chief Executive Officer Paulo Batista and members of Dental Cremer’s management team will join Henry Schein. Mr. Batista will continue to lead Dental Cremer as Managing Director.
“We are pleased to welcome the Dental Cremer team to Henry Schein,” said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein, Inc. “We first entered the Brazilian dental market in 2014 and our relationship with Dental Cremer underscores our long-term mission to serve dentists throughout Brazil and across South America. Together, we are well-positioned to benefit from market growth that is being fueled by an expanding middle class and aging population. We look forward to combining our resources and identifying new opportunities to help practitioners in Brazil operate successful practices and provide quality care to patients.”
Dental Cremer is now part of Henry Schein’s Global Dental business, the leading global distributor of products and services, including innovative digital dental technology solutions, to office-based general dental practitioners, dental specialists and dental laboratories.
“We are especially excited to partner with Henry Schein and work together to bring new services and solutions to the Brazilian dental community. We look forward to offering even more customized solutions best suited to our customers’ practice needs,” said Paulo Batista.
About Henry Schein, Inc.
Henry Schein, Inc. (Nasdaq:HSIC) is the world’s largest provider of health care products and services to office-based dental, animal health and medical practitioners. The company also serves dental laboratories, government and institutional health care clinics, and other alternate care sites. A Fortune 500® Company and a member of the S&P 500® and the NASDAQ 100® indexes, Henry Schein employs more than 19,000 Team Schein Members and serves more than 1 million customers.
The company offers a comprehensive selection of products and services, including value-added solutions for operating efficient practices and delivering high-quality care. Henry Schein operates through a centralized and automated distribution network, with a selection of more than 110,000 branded products and Henry Schein private-brand products in stock, as well as more than 150,000 additional products available as special-order items. The company also offers its customers exclusive, innovative technology solutions, including practice management software and e-commerce solutions, as well as a broad range of financial services.
Headquartered in Melville, N.Y., Henry Schein has operations or affiliates in 33 countries. The company’s sales reached a record $10.6 billion in 2015, and have grown at a compound annual rate of approximately 15 percent since Henry Schein became a public company in 1995. For more information, visit Henry Schein at www.henryschein.com, Facebook.com/HenrySchein and @HenrySchein on Twitter.
There was another dental acquisition this week: Hu-Friedy Aquires Dental Products Company, J. Palmero Sales Company