Tuesday 30 August 2022

New York-based health care solutions provider Henry Schein, Inc. (NASDAQ: HSIC) has acquired 100% of Michigan-based dental distributor Midway Dental Supply, serving dental offices and dental laboratories across the Midwest, the company said.

This transaction is expected to be modestly dilutive to Henry Schein's earnings per share in fiscal year 2022 and increasingly accretive thereafter. Financial terms were not disclosed.

Midway Dental's sales from 2021 were approximately USD 110m, including nearly USD 20m in sales of personal protective equipment and COVID-19 related products.

Midway Dental offers a comprehensive portfolio of dental consumable merchandise, equipment, services, and education products to nearly 7,000 customers, which will be immediately consolidated into Henry Schein's US Dental business.

The integration of Midway Dental's sales and service team with Henry Schein's network of trusted advisors will further advance the company's efforts to deliver customised solutions and technology-driven products and services.

Henry Schein, Inc. (NASDAQ: HSIC) is a solutions company for health care professionals powered by a network of people and technology that support dental laboratories, government and institutional health care clinics, as well as other alternate care sites.