Henry Schein this week announced three additions to its leadership team. The Melville, N.Y.–based medical and dental supplies distributor appointed Steve Boggan and Bianka Wilson as co-CEOs of its global oral reconstruction group (GORG) and Tom Popeck as CEO of its healthcare specialties group (HSG). GORG is the company’s portfolio of premium value and value […]
Henry Schein
Henry Schein completes TriMed majority interest acquisition, adds orthopedic extremities to portfolio
Henry Schein today announced it completed the acquisition of majority interest in TriMed. Melville, N.Y.-based Henry Schein announced the acquisition in December last year. The addition of TriMed strengthens Henry Schein’s extremities portfolio. Santa Clarita, California-based TriMed makes orthopedic devices for the lower extremities (foot and ankle) and upper extremities (hand and wrist). “With this […]
Henry Schein enters orthopedic extremities market by acquiring majority interest in TriMed
Henry Schein announced today that it made a strategic move to enter the extremities segment of the orthopedic market. Melville, New York-based Henry Schein plans to enter into the upper and lower extremities market. To execute this strategy, the company signed an agreement to acquire a majority interest in TriMed. TriMed develops orthopedic solutions for […]
Henry Schein reports more disruption as cyberattackers take credit
Henry Schein said today that it is working to bring its ecommerce platform back up after more problems related to its cyberattack. The medical device manufacturer and distributor said last week that its ecommerce platform and other applications were unavailable and that “the threat actor from the previously disclosed cyber incident has claimed responsibility.” Today, […]
Henry Schein confirms data breach, details financial impact of cyberattack
Henry Schein warned customers and suppliers today that their sensitive information may have been exposed in a cyberattack. The medical device manufacturer and distributor first disclosed the cyber security incident on Oct. 15. Then, this month, a ransomware gang known as BlackCat/ALPHV said they encrypted the company’s systems and stole 35 TB of sensitive data. […]
Cyber gang threatens to release Henry Schein data in ransomware attack
A cyberattack group known as BlackCat is threatening to release Henry Schein data unless the medical device manufacturer and distributor pays a ransom. BlackCat (also known as ALPHV, both named after the ransomware of the same name) said they’ve encrypted Henry Schein’s systems after failed negotiations with Coveware, which describes itself as “ransomware recovery first […]
Henry Schein completes majority interest acquisition of Shield Healthcare
Henry Schein this week announced it completed the previously announced acquisition of majority interest in Shield Healthcare. The company announced the deal in August as officials saw the move as bolstering the company’s commitment to facilitating a continuum-of-care delivery model. Henry Schein expects the transaction to be neutral to 2023 non-GAAP earnings per share and […]
Henry Schein reports mixed Q2 as dental sales rise, medical revenues decline
Henry Schein shares fell this morning on second-quarter results that came in mixed compared to the consensus forecast. Shares of HSIC dipped 2.5% at $76.11 apiece during early-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 0.5%. The Melville, New York-based dental technology company […]
Henry Schein to buy Shield Healthcare in homecare products play
Henry Schein announced today that it will acquire a majority stake in homecare medical products supplier Shield Healthcare. Henry Schein officials see the move as bolstering the company’s commitment to facilitating a continuum-of-care delivery model. Shield Healthcare (Valencia, California) operates in the homecare medical supplies space, posting net sales of around $180 million in 2022. […]
Henry Schein, Medpod collaborate to launch Medpac portable telediagnostics system
Henry Schein announced today that it launched the Medpac solution along with Medpod. Melville, New York-based Henry Schein and Medpod collaborated to develop Medpac as a lightweight, portable telediagnostic offering. It enables healthcare providers to offer comprehensive professional care regardless of location. The companies say it bridges the gap between remote telemedicine consultations and in-person […]
Henry Schein secures $750M credit facility
Henry Schein announced today that it closed on a new $750 million credit facility. The Melville, New York–based dental device maker said in a news release that the facility matures in July 2026. Henry Schein also amended its existing $1 billion revolving credit facility. The amendments include extending the maturity date to July 2028. Together, […]