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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) 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.
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.
Henry Schein reminds California customers that its Customer Assistance Hotline is available for dentists and physicians affected by the Dixie Fire. The hotline, open 24/7, provides operational, logistical, and financial support. CEO Stanley M. Bergman emphasized the company's commitment to assist in recovery efforts. The hotline is reinforced with a Recovery Guide for Office-Based Practitioners to facilitate rebuilding. Henry Schein operates a vast network, serving over 1 million customers globally with a range of health care solutions.
Henry Schein, Inc. (HSIC) reported record second-quarter results for 2021, with net sales of $3.0 billion, a 76.2% increase year-over-year. This growth includes 65.5% internal growth in local currencies, 5.5% from acquisitions, and 5.2% from foreign exchange. GAAP net income reached $155.7 million ($1.10 per share), compared to a loss of $11.4 million the previous year. The company has raised its guidance for 2021 non-GAAP diluted EPS to at least $3.85, up from $3.70. Global Dental and Medical sales increased significantly, highlighting strong recovery in the sector.
Henry Schein, a leading provider of health care solutions, will announce its second quarter 2021 financial results before the market opens on August 3, 2021. A live webcast of the earnings conference call will follow at 10:00 a.m. Eastern time, featuring CEO Stanley M. Bergman and CFO Steven Paladino. Interested investors can access the call at www.henryschein.com/IRwebcasts, with a replay available afterwards. In 2020, the company achieved sales of $10.1 billion and operates in over 31 countries.
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