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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.
Grin has announced a partnership with Henry Schein Orthodontics to offer the Grin Remote Monitoring and Remote Consultation platforms to orthodontic practices across the U.S. This collaboration aims to streamline initial consultations, significantly reducing costs associated with patient acquisition, which can range from $900 to $1,350. The Grin Scope device, coupled with the Grin App, enables patients to self-scan their teeth, providing orthodontists with detailed videos for analysis. This innovative approach addresses the demand for convenience and safety in orthodontic care.
Henry Schein (Nasdaq: HSIC) has been recognized by Ethisphere as one of the 2021 World’s Most Ethical Companies, marking its 10th consecutive year as a honoree and the only recognition in the Healthcare Products industry. With over 19,000 Team Schein Members, the company emphasizes ethical practices as foundational to its success. Ethisphere's Ethics Index indicates honorees outperformed a comparable index by 7.1 percentage points from January 2016 to January 2021. Henry Schein operates in 31 countries, providing solutions to over 1 million customers with $10.1 billion in sales in 2020.
Henry Schein (Nasdaq: HSIC), the largest provider of health care solutions, will present virtually at the 2021 Barclays Global Healthcare Conference on March 9, 2021, at 2:25 p.m. Eastern time. Interested parties can access the live webcast at www.henryschein.com/IRwebcasts. A replay will be available afterward. With over 19,000 Team Schein Members, Henry Schein serves more than 1 million customers globally, delivering 300+ solutions to improve efficiency and clinical outcomes in the dental and medical sectors.
Henry Schein reported fourth quarter 2020 net sales of $3.2 billion, an increase of 18.6% from Q4 2019, driven by demand for PPE and COVID-19 products. GAAP net income was $141.9 million or $0.99 per diluted share, down from $330.6 million or $2.25 per diluted share a year earlier. Non-GAAP net income rose slightly to $143.6 million or $1.00 per diluted share. Operating margins suffered from inventory adjustments and an $18.1 million impairment charge. 2021 non-GAAP EPS guidance is set at or above $3.51, excluding potential restructuring costs.
Henry Schein One has appointed Mike Baird as Chief Executive Officer, aiming to enhance growth and drive digital innovations in the dental sector. Baird, who joined the company in July 2020 as Executive Advisor, will lead all business aspects and integrate solutions across Henry Schein's offerings. His experience in health care information technology positions him as a key player in advancing the company’s mission to improve practice management and patient engagement. The leadership change is expected to strengthen the firm’s commitment to customer-focused solutions.
Henry Schein, the leading provider of healthcare solutions, announced the appointment of Mohamad Ali and Deborah Derby to its Board of Directors until the 2021 Annual Meeting. They will stand for re-election at that time. The company also confirmed the retirement of Paul Brons and the non-re-election of Shira Goodman due to other commitments, both of whom have contributed significantly to the company's growth. Ali and Derby bring extensive experience in technology and operational leadership, expected to advance the company's strategic goals.
Henry Schein (Nasdaq: HSIC) will announce its fourth quarter and full-year 2020 financial results on February 17, 2021, before the market opens. A live webcast of the earnings conference call is scheduled for the same day at 10:00 a.m. Eastern time, featuring CEO Stanley M. Bergman and CFO Steven Paladino. Investors can access the call through the company's website, with a replay available post-event. Henry Schein, a Fortune 500 company, provides healthcare solutions to dental and medical practitioners globally, reporting sales of $10 billion in 2019.
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