Henry Schein today announced it signed an agreement to acquire Acentus, a national supplier of home care medical products. The Acentus transaction follows Henry Schein’s acquisition of Shield Healthcare in 2023 and Prism Medical Products in 2021. Financial terms of the latest deal were not disclosed. “As the delivery of health care in the U.S. […]
Henry Schein
Henry Schein shares tick up on mixed-bag Q1 results
Henry Schein today announced first-quarter results that beat the earnings consensus on Wall Street but missed sales estimates. The Melville, N.Y.-based dental device maker reported profits of $93 million, or 72¢ per share, on sales of $3.17 billion. Profits were down slightly from Q1 2023 when it reported bottom-line results of $121 million. Sales were […]
Henry Schein appoints three executives to leadership team
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 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. […]
