Henry Schein Opens Henry Schein Cares Foundation 2025 Relief Fund and Commits Up to $300,000 in Cash and Essential Health Care Supplies to Support the City of Los Angeles

Rhea-AI Summary

Henry Schein (Nasdaq: HSIC) has announced the opening of the Henry Schein Cares Foundation 2025 Relief Fund to support Los Angeles area fires relief efforts. The initiative includes a total commitment of up to $300,000, comprising:

- $25,000 each from the Company and Foundation
- Up to $50,000 in matching Team Schein Member contributions
- Up to $150,000 in essential healthcare supplies

The company has established a Customer Emergency Support Hotline (800-999-9729) for affected dental and medical professionals. The initiative aims to provide critical healthcare supplies and resources to communities impacted by the wildfires, working with trusted relief and recovery charitable partners.

Positive

• Commitment of up to $300,000 in cash and supplies for disaster relief
• Established emergency support system for healthcare professionals affected by wildfires

Negative

• None.

Insights

Market Research Analyst

The announcement of Henry Schein's $300,000 relief fund commitment, while admirable from a corporate social responsibility perspective, has minimal direct financial impact on the company's $8.7 billion market capitalization. The initiative combines $150,000 in cash donations and $150,000 in healthcare supplies, representing less than 0.004% of the company's market value. The strategic value lies in strengthening relationships with healthcare practitioners in the Los Angeles market and maintaining business continuity through the emergency support hotline.

The relief effort demonstrates HSIC's operational resilience and ability to maintain supply chain stability during natural disasters, which is important for their business model as a leading distributor of healthcare products. The emergency support infrastructure, including the Customer Emergency Support Hotline and recovery guides, helps protect their customer base and market share during disruptions.

Healthcare Industry Expert

The establishment of this relief fund showcases Henry Schein's robust emergency response infrastructure and its strategic positioning as a critical healthcare supply chain partner. The company's ability to rapidly mobilize resources and provide both monetary aid and essential medical supplies demonstrates its operational capabilities and deep integration with healthcare providers.

The emergency support system, particularly the 24/7 hotline and comprehensive recovery guides, serves as a valuable customer retention tool in a competitive healthcare distribution market. This initiative helps maintain business relationships with affected healthcare practices while positioning HSIC as a reliable partner during crises. The company's systematic approach to disaster response, including detailed preparedness and recovery guides, reflects its understanding of healthcare practitioners' needs during emergencies.

MELVILLE, N.Y.--(BUSINESS WIRE)-- Henry Schein, Inc. (Nasdaq: HSIC) today announced the opening of the Henry Schein Cares Foundation 2025 Relief Fund to support the Los Angeles area fires. Contributions will support the provision of critical health care supplies and resources to help people impacted by the wildfires throughout the city.

The Company and Henry Schein Cares Foundation will donate an initial $25,000 each to support relief efforts and the Company will match Team Schein Member (TSM) contributions up to another $50,000, for a cash total of up to $150,000. The Company will also donate essential health care supplies up to an initial amount of $150,000 to its partner relief organizations operating on the ground, bringing Henry Schein’s total commitment to as much as $300,000.

“The wildfires in Los Angeles are devastating to watch, and Team Schein stands in solidarity with everyone who has been affected as well as all the first responders and individuals who are committed to supporting relief efforts,” said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. “In response to this emergency, we will partner with trusted and long-standing relief and recovery charitable partners to ensure the availability of the critical supplies and resources required to provide health care within affected communities. Team Schein remains committed to helping health happen in light of this evolving situation.”

Anyone who wishes to contribute to the 2025 Relief Fund can donate by visiting www.henryschein.com/foundationdonate and selecting “2025 Relief Fund” for the gift designation.

For dental and medical professionals impacted by the wildfires and in need of assistance, please call 800-999-9729, or click here to learn about the Company’s Customer Emergency Support Hotline.

The Henry Schein Customer Emergency Support Hotline remains open throughout the year to help practitioners during preparation and recovery from emergencies. The Emergency Preparedness Guide for Henry Schein Customers provides steps to help practices minimize the impact of a natural disaster and swiftly return to operations. To help meet the challenges of rebuilding a practice in the wake of a natural disaster, practitioners can download the Emergency Recovery Guide for Office-Based Health Care Practitioners. For more information about Henry Schein’s emergency preparedness and relief resources for practices, please click here.

About The Henry Schein Cares Foundation

Established in 2008, The Henry Schein Cares Foundation, Inc., fosters a rich culture of giving back to society and serving others. The Foundation advocates and supports efforts to advance health equity and empower health care professionals to promote a healthier tomorrow for all people around the world through advancing access to care, promoting a holistic model of health care, building capacity to empower health care professionals, and catalyzing innovative models for emergency preparedness & response.

The Foundation is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. To learn more about the work of the Henry Schein Cares Foundation, visit www.henryschein.com/hscaresfoundation.

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 approximately 26,000 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/20250114738429/en/

Ann Marie Gothard

Vice President, Global Corporate Media Relations

annmarie.gothard@henryschein.com

+1 (631) 390-8169

Source: Henry Schein, Inc.

FAQ

How much is Henry Schein (HSIC) contributing to Los Angeles wildfire relief efforts?

Henry Schein is contributing up to $300,000, including $150,000 in cash donations and up to $150,000 in essential healthcare supplies.

What resources is HSIC providing for healthcare professionals affected by LA wildfires?

HSIC has established a Customer Emergency Support Hotline (800-999-9729) and provides emergency preparedness and recovery guides for healthcare practitioners.

How can people donate to Henry Schein's 2025 Relief Fund for LA wildfires?

Donations can be made at www.henryschein.com/foundationdonate by selecting '2025 Relief Fund' as the gift designation.

What is the breakdown of HSIC's $150,000 cash contribution for LA wildfire relief?

The cash contribution includes $25,000 each from the Company and Foundation, plus up to $50,000 in matching Team Schein Member contributions.