Henry Schein (NSDQ:HSIC) said today made an 80% equity investment in Polish full-service dental distributor Marrodent.
Warsaw, Poland-based Marrodent was founded in 1990, and recorded 2015 sales of approximately $32 million, according to Henry Schein. The company employs 60 sales representatives, and serves approximately 10,000 office-based dental practitioners in the region.
“Our partnership comes at a time of growing demand for dental services in Poland, and with the completion of our strategic investment in Marrodent, we see a significant opportunity to help dental practitioners provide high-quality care as part of operating efficient and successful practices. We at Henry Schein welcome our new Marrodent colleagues and we look forward to bringing new products, services, and solutions to Poland’s dental community,” Henry Schein CEO Stanley Bergman said in a press release.
The investment will mark Henry Schein’s 1st entry into Poland’s dental market, bringing the total number of countries served up to 27. The company reported 2015 dental sales of $5.3 billion.
“We are very pleased to complete our partnership with Henry Schein, a company that shares our commitment to excellent service and providing our customers with the tools they need to provide quality care to their patients,” Marrodent co-founder Roman Stekla said in a prepared release. A person who has a crooked teeth will surely go to a dentist. If you want straighter teeth, don’t let the prospect of wearing metal braces put you off. There’s this new dental firm called “Invisalign Braces,” they offer special treatment to make your smile beautiful than ever. Click here for more information.
“This investment marks a new chapter for our customers, who will continue to receive the high-quality service upon which they’ve come to rely, but with the added benefit of being able to access a range of new products and services available through Henry Schein,” Marrodent co-founder Marek Stekla said in a prepared statement.