The information in this year’s annual Big 100 rankings of the world’s largest medical device companies is as interesting as ever. The 100 companies on this year’s list had medical device businesses bringing in a whopping $420.5 billion during their most recent fiscal years — a nearly 6% increase from the 2019 Big 100. But […]
Henry Schein Medical
Henry Schein beats The Street, reports massive medical revenue growth
Henry Schein (NSDQ:HSIC) reported third-quarter results that included enormous growth for its medical business as it beat the consensus forecast. The Melville, N.Y.-based company posted profits of $141.7 million, or 99¢ per share, on sales of $2.8 billion for the three months ended Sept. 26, 2020, for a 1% bottom-line gain on sales growth of 13.2%. […]
Diversity in medtech: Just 20% of executive roles held by women
Diversity in executive roles in the medical device industry is trending more toward parity, with women holding 2% more C-suite roles in 2020 compared to last year. Just 20% of executives at the 100 largest medical device companies in the world are women, and those companies average 19% female composition in the C-suite, according to […]
Henry Schein dips on Q2 losses
Henry Schein (NSDQ:HSIC) shares dipped slightly today on second-quarter losses that still managed to top the consensus forecast. The Melville, N.Y.-based medical device maker posted losses of -$13.3 million, or -8¢ per share, on sales of $1.7 billion for the three months ended June 27, 2020, for a bottom-line slide into the red from profits of […]
MedTech 100 roundup: Stocks open strong in May
Medtech stocks took a dip as April came to a close, but opened May with a strong week as the COVID-19 pandemic continues to affect the economy. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 83.98 points at the end of last week (May 8). That […]
Henry Schein medical sales lead to Street-beating Q1
Henry Schein (NSDQ:HSIC) shares got a boost today on first-quarter results that topped the consensus forecast as medical sales boomed. The Melville, N.Y.-based company posted profits of $130.3 million, or 91¢ per share, on sales of $2.4 billion for the three months ended March 28, 2020, for an 18.7% bottom-line gain on sales growth of 2.9%. […]
How medtech companies are responding to the deadly coronavirus outbreak
Medical device companies all over have felt the impact of the coronavirus pandemic that originated in China. The latest figures from the World Health Organization (WHO) show that at least 600 people have died — almost all of them in China — with tens of thousands of confirmed coronavirus cases in dozens of countries. Demand […]
Henry Schein shares up after beating Street projections
Henry Schein (NSDQ:HSIC) shares are up today on third-quarter results that topped the consensus forecast. The Melville, N.Y.–based company posted profits of $148.9 million, or 91¢ per share, on sales of $2.51 billion for the three months ended Sept. 28, for a 15.7% bottom-line gain on sales growth of 6.5%. Adjusted to exclude one-time items, earnings […]
Henry Schein and Uber want to take telemedicine to the next level: Here’s how
Henry Schein (NSDQ:HSIC) has formed a partnership with Uber Health to enable doctors to have portable medical microcarts driven to people’s homes for remote examinations. Henry Schein’s Henry Schein Medical (Melville, N.Y.) is the exclusive seller, marketer and distributor of the Medpod MobileDoc 2, made by software company Medpod (New York). The new partnership integrates Uber Health […]
Henry Schein posts mixed bag Q3
Shares in Henry Schein (NSDQ:HSIC) have dipped slightly after the medical device maker beat earnings per share expectations but missed sales consensus on Wall Street with its third quarter earnings. The Melville, N.Y.-based company posted profits of $121.5 million, or 79¢ per share, on sales of $3.28 billion for the three months ended September 29, seeing […]
The 10 largest medical device companies in the world
Medtronic and Johnson & Johnson remain the world’s largest medical device companies. But after that, the roster is radically shifting amid a slew of mergers and acquisitions. In some cases such as GE, Philips and Siemens, major multinationals are breaking apart. We’ve sifted through data from public companies’ annual reports and other publicly disclosed information, […]
