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Henry Schein Inc. (symbol: HSIC) is the world's largest provider of healthcare products and services to office-based dental, animal health, and medical practitioners. As a Fortune 500® company and a member of the S&P 500® and NASDAQ 100® indexes, Henry Schein employs more than 18,000 team members and serves over one million customers globally. The company's offerings extend to dental laboratories, government and institutional healthcare clinics, and other alternate care sites.
Henry Schein operates through a centralized and automated distribution network, offering a comprehensive selection of more than 100,000 branded products and private-label products, as well as over 150,000 additional products available as special-order items.
The company is organized into two main segments: Healthcare Distribution and Technology & Value-Added Services. The Healthcare Distribution segment focuses on distributing consumable products, small equipment, and laboratory products. The Technology & Value-Added Services segment provides innovative software solutions and other technology services designed to help healthcare practitioners run their practices more efficiently and deliver high-quality care.
In recent years, Henry Schein has achieved significant milestones, including expanding its product range and forming strategic partnerships to enhance its service offerings. The company continues to innovate with exclusive technology solutions aimed at improving practice management and patient care.
Henry Schein, Inc. (NASDAQ: HSIC), the leading provider of health care solutions, will hold an Investor Meeting on February 27, 2023, at 9:00 a.m. Eastern time. This event will showcase the company's BOLD +1 Strategic Plan aimed at achieving sustainable growth. Key executives, including Stanley M. Bergman and Ronald N. South, will present financial guidance for 2023 and a long-term outlook. Registration is available on the Investor Relations website.
Henry Schein (Nasdaq: HSIC), a leading provider of health care solutions, will release its fourth quarter and full-year 2022 financial results on February 16, 2023. The earnings conference call will begin at 10:00 a.m. Eastern time, featuring CEO Stanley M. Bergman and CFO Ronald N. South. Investors can access the call via www.henryschein.com/IRwebcasts. Henry Schein serves over 1 million customers worldwide, offering solutions for dental and medical practitioners. With sales of $12.4 billion in 2021, it continues to grow within the health care sector.
Henry Schein (NASDAQ: HSIC) announced its subsidiary, eAssist Dental Solutions, has acquired a majority stake in Unitas PPO Solutions. This strategic acquisition aims to enhance eAssist's revenue cycle services and improve dental practice insurance and billing processes. The acquisition builds on a long-standing partnership and is expected to be neutral to 2022 diluted earnings per share, becoming accretive thereafter. Unitas generated sales of approximately $5 million in 2021 and its integration will help streamline operations and improve cash flow for dental practices.
Henry Schein (NASDAQ: HSIC) announced its successful Cares Hygiene Pack Program, aiding over 27,000 Ukrainians during the humanitarian crisis. Health care clients purchased over 200 hygiene packs, including essentials like toothbrushes and soap, assembled by more than 300 Team Schein Members across various locations, including the U.S. and Europe. Notable partners, MedShare and International Medical Corps, supported distribution in Ukraine and Poland. This initiative reflects Henry Schein’s commitment to emergency preparedness and enhancing the health and dignity of those affected.
Henry Schein, Inc. (Nasdaq: HSIC), the leading provider of health care solutions to dental and medical practitioners, announced its participation in two key investor conferences. The Goldman Sachs Healthcare CEOs Unscripted Conference will take place on January 5, 2023, at 10:35 a.m. Eastern time. Following this, the 41st Annual J.P. Morgan Healthcare Conference is scheduled for January 11, 2023, at 9:00 a.m. Pacific time. Live webcasts of these presentations will be available on the company's investor relations site.
Henry Schein (Nasdaq: HSIC) announced a definitive agreement to acquire a majority stake in Biotech Dental S.A.S., a fast-growing provider of clinical software and oral surgery products based in France. The acquisition aims to expand Henry Schein's offerings in key dental categories, including implants and aligners. The transaction, subject to regulatory approvals, is expected to be slightly dilutive to 2023 earnings per share, primarily due to non-cash acquisition accounting adjustments. Biotech Dental reported approximately $100 million in revenue for 2021.
Henry Schein (NASDAQ: HSIC) recently celebrated the 24th annual Holiday Cheer for Children program, aiding over 1,700 individuals in need across multiple countries including the U.S., Australia, and Canada. Team Schein Members donated toys, clothing, and gift cards valued for 500 local children, supported by the Henry Schein Cares Foundation. The initiative focuses on uplifting families during the holiday season, showcasing the company's commitment to community welfare and social responsibility. Collaborations with 10 social service organizations enhance the program's outreach.
Henry Schein One has launched Dentrix Detect AI, an AI-driven X-ray analysis tool in collaboration with VideaHealth, aimed at enhancing dental practices. This integration allows for real-time clinical decision support and simplifies workflows by automatically analyzing images without the need for manual import/export. Dentists can now offer immediate feedback and treatment recommendations to patients, improving case acceptance rates. The software, currently available to qualified Dentrix users, leverages VideaHealth’s FDA-cleared detection capabilities to ensure precise diagnostics.
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