Henry Schein Mobilizes Support for Recovery Efforts in Brazil

Rhea-AI Summary

Henry Schein (Nasdaq: HSIC) commits over $200,000 in cash and healthcare product donations to support recovery efforts in Brazil after severe flooding. Both the company and the Henry Schein Cares Foundation (HSCF) will match employee contributions to the 2024 Relief Fund, which aims to help those affected by the disaster. The initiative includes donations of essential healthcare supplies to partner relief organizations. Henry Schein's engagement with Brazil's dental sector since 2014 involves companies like Dental Cremer, Simples Dental, and S.I.N. Implant System. Customers impacted by the floods can seek assistance through local customer service channels.

Positive

• Henry Schein commits over $200,000 in donations and healthcare supplies.
• Employee contributions to the 2024 Relief Fund will be matched by the company.
• Engagement with long-standing relief organizations ensures effective distribution of aid.
• In-depth involvement in Brazil's dental sector since 2014 shows strong market presence.

Negative

• No direct financial benefits reported from the donation efforts.
• The PR does not provide information on potential impacts on Q1 results or future earnings.
• Possible increased operational costs due to crisis management in Brazil.
• No clear strategy outlined for mitigating potential logistic issues caused by the floods.

Company Commits Over $200,000 in Cash and Health Care Product Donations, Matches Employee Contributions

MELVILLE, N.Y.--(BUSINESS WIRE)-- In the wake of the devastation caused by the flooding in Brazil, Henry Schein, Inc. (Nasdaq: HSIC) is raising money for recovery and rebuilding efforts, donating much-needed health care supplies, and aiding customers who may be impacted by the crisis.

The Company and the Henry Schein Cares Foundation (HSCF) are opening the 2024 Relief Fund to benefit those affected by the flooding. The Company and HSCF will match employee contributions and will donate essential health care supplies to its partner relief organizations operating on the ground, bringing the Company’s total commitment to more than $200,000.

“We offer our deepest sympathies to the people of Brazil and remain committed to helping health happen during this crisis,” said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. “We are partnering with trusted and long-standing relief and recovery charities to ensure the availability of the critical supplies and resources required to provide health care within affected communities. At Henry Schein, our dedication to the communities we serve runs deep within our Company’s DNA, and we remain steadfast in our efforts to provide aid and resources for recovery during times of need.”

Henry Schein has served dental practitioners in Brazil since 2014 with companies such as Dental Cremer, Simples Dental, and S.I.N. Implant System. Customers in Brazil who experience operational, logistical, or financial issues caused by the floods can contact their local customer service and support number for assistance.

About Henry Schein Cares

Henry Schein Cares stands on five pillars: empowering Team Schein to reach their potential, advancing health equity and expanding access to care for underserved communities, accelerating environmental sustainability, strengthening and diversifying our supply chain, and maintaining strong ethical governance. Health care activities supported by Henry Schein Cares focus on four main areas: (1) wellness, treatment, prevention, and education; (2) capacity building; (3) emergency preparedness and disaster response; and (4) health system strengthening.

Rooted in a deep commitment to social responsibility and the philosophy of enlightened self-interest championed by Benjamin Franklin, the purpose-driven vision of Henry Schein Cares is “doing well by doing good.” Our commitment to sustained, long-term economic success while also creating shared value for society is achieved through the work of Henry Schein Cares and our stakeholder model that engages all five constituents of our Mosaic of Success. To learn more about how we are making a difference, please visit: www.henryschein.com/corporatecitizenship.

About Henry Schein, Inc.

Henry Schein, Inc. (Nasdaq: HSIC) is a solutions company for health care professionals powered by a network of people and technology. With more than 25,000 Team Schein Members worldwide, the Company's network of trusted advisors provides more than 1 million customers globally with more than 300 valued solutions that help improve operational success and clinical outcomes. Our Business, Clinical, Technology, and Supply Chain solutions help office-based dental and medical practitioners work more efficiently so they can provide quality care more effectively. These solutions also support dental laboratories, government and institutional health care clinics, as well as other alternate care sites.

Henry Schein operates through a centralized and automated distribution network, with a selection of more than 300,000 branded products and Henry Schein corporate brand products in our distribution centers.

A FORTUNE 500 Company and a member of the S&P 500® index, Henry Schein is headquartered in Melville, N.Y., and has operations or affiliates in 33 countries and territories. The Company's sales reached $12.3 billion in 2023, and have grown at a compound annual rate of approximately 11.5 percent since Henry Schein became a public company in 1995.

For more information, visit Henry Schein at www.henryschein.com, Facebook.com/HenrySchein, Instagram.com/HenrySchein, LinkedIn.com/Company/HenrySchein, and @HenrySchein on X.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240516777018/en/

Ann Marie Gothard

Vice President, Global Corporate Media Relations

Annmarie.gothard@henryschein.com

(631) 390 –8169

Source: Henry Schein, Inc.

FAQ

What is Henry Schein's commitment to Brazil's flood recovery efforts?

Henry Schein has committed over $200,000 in cash and healthcare product donations for Brazil's flood recovery efforts.

How is Henry Schein supporting its employees' contributions towards Brazil's recovery?

Henry Schein will match employee contributions to the 2024 Relief Fund to support Brazil's recovery.

What kind of donations is Henry Schein making to Brazil?

Henry Schein is donating essential healthcare supplies and cash, totaling more than $200,000.

Does Henry Schein have a history of involvement in Brazil?

Yes, Henry Schein has been involved in Brazil's dental sector since 2014, working with companies like Dental Cremer, Simples Dental, and S.I.N. Implant System.

What should Henry Schein customers in Brazil do if they are affected by the floods?

Customers in Brazil affected by the floods can contact their local customer service for assistance.