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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) launched its 24th annual ‘Back to School’ program, providing backpacks filled with supplies to nearly 4,500 children across 22 locations in the U.S., Canada, Spain, and Ireland. Since 1998, the initiative has supported over 60,000 children. The program underscores the company's commitment to corporate social responsibility through Henry Schein Cares. Executive VP Gerry Benjamin highlighted the program's adaptability during the pandemic, emphasizing the importance of helping children return to school with confidence.
Henry Schein, Inc. has appointed Graham Stanley as Vice President of Investor Relations and Strategic Financial Project Officer. Graham will enhance communications with investors and oversee key financial initiatives. With extensive experience in finance management, he previously served as CFO of Henry Schein's Global Dental Group. The company, a leader in health care solutions, operates globally, serving over 1 million customers. In 2020, Henry Schein generated $10.1 billion in sales, growing at a compound annual rate of approximately 12% since becoming public in 1995.
Henry Schein, Inc. (NASDAQ: HSIC) has announced a new organizational structure to enhance operational efficiency and customer experience in the dental and medical distribution sectors. The company will establish two key groups: the North America Distribution Group and the International Distribution Group, led by seasoned executives. Additionally, three specialty product areas will focus on higher-margin markets, including Henry Schein One for dental software solutions. The changes will not incur restructuring charges and aim to leverage functions and processes across the business.
Henry Schein, Inc. (NASDAQ: HSIC), the leading provider of healthcare solutions, announced its participation in two investor conferences in September 2021. The company will present at the Morgan Stanley 19th Annual Global Healthcare Conference on September 13, 2021, at 1:15 p.m. ET, and the Baird 2021 Virtual Global Healthcare Conference on September 14, 2021, at 12:50 p.m. ET. Live webcasts will be available on the company's website, with replays accessible afterward. Henry Schein serves over 1 million customers globally, emphasizing operational success and clinical outcomes.
Henry Schein Medical has been named the 'Official Sports Medicine Partner' of the National Association of Intercollegiate Athletics (NAIA) until June 2022. This partnership offers NAIA members discounted sports medicine services, enhancing medical support for student-athletes across campuses. Henry Schein will also provide training supplies for NAIA Championships, emphasizing their commitment to athlete care. The partnership is seen as a significant addition to NAIA’s services, aiming to improve health care access within collegiate sports.
Henry Schein (Nasdaq: HSIC) has amended its revolving credit facility, increasing the borrowing limit from $750 million to $1 billion and extending the facility through August 2026. This initiative, supported by JP Morgan Securities and U.S. Bank, aims to enhance financial flexibility for the company's strategic plans, including internal growth and acquisitions. The announcement highlights the commitment to optimizing capital allocation to support long-term growth strategies.
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