Henry Schein Partners With NGOs to Provide Health Care Products to Aid Haitian Earthquake Victims and Opens Disaster Relief Fund

Rhea-AI Summary

Henry Schein (Nasdaq: HSIC) has initiated relief efforts in response to the recent earthquake in Haiti by collaborating with various NGOs, including Americares and Project HOPE. The company is committing at least $250,000 in product support, alongside a $50,000 initial donation to its Disaster Relief Fund, which will be matched by employee contributions up to $25,000. Henry Schein aims to assist healthcare professionals and the affected population by providing essential medical supplies, hygiene kits, and PPE, reflecting the company's commitment to social responsibility.

Positive

• Commitment of at least $250,000 in product support to NGOs.
• $50,000 initial donation to the Disaster Relief Fund, matched by employee contributions.
• Collaboration with multiple reputable NGOs to aid relief efforts.

Negative

• None.

In response to the devastating earthquake in Haiti, Henry Schein, Inc. (Nasdaq: HSIC) is aiding relief efforts by partnering with several non-governmental organizations (NGOs) responding to the disaster, as well as by opening its disaster relief fund. The NGOs with which Henry Schein is partnering include Americares, Catholic Medical Mission Board (CMMB), Give Hope Global, Heart to Heart International, IsraAID, MAP International, MedShare, Project C.U.R.E, Project HOPE, and World Vision.

Many of these NGOs are working through the Pan American Health Organization (PAHO), with initial requests for critical medicines and medical supplies, hygiene kits, water purification kits, and personal protective equipment (PPE). Henry Schein’s commitment is providing at least $250,000 in product support to its NGO partners.

In addition to this vital product support, Henry Schein is opening the 2021 Disaster Relief Fund through the Henry Schein Cares Foundation to support relief efforts in Haiti. The Company and the Foundation are supporting the Fund with an initial $50,000 donation, and the Company will match Team Schein Member contributions up to $25,000.

“As we did in the wake of the 2010 earthquake in Haiti, Henry Schein once again stands ready to help the people of Haiti through this latest catastrophe and to support the health care professionals providing medical care,” said Stanley M. Bergman, Henry Schein Chairman of the Board and Chief Executive Officer. “We are committed to support the essential work of our NGO partners in assisting the health care systems and people of Haiti with rebuilding and recovery efforts, and we will continue to respond to emerging needs as more information becomes available.”

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 approximately 21,000 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 and medical 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 120,000 branded products and Henry Schein private-brand products in stock, as well as more than 180,000 additional products available as special-order items.

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 32 countries and territories. The Company's sales reached $10.1 billion in 2020, and have grown at a compound annual rate of approximately 12 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, and Twitter.com/HenrySchein.

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