Henry Schein today announced it would acquire dental implant manufacturer SIN Implant System from Southern Cross Group, an independent private equity fund manager focused in Latin America. The financial details of the deal were not disclosed. SIN is a growing dental implant manufacturer and provider in Brazil. The acquisition would mark Henry Schein’s entry into […]
Henry Schein
Henry Schein acquires majority stake in Biotech Dental
Henry Schein (Nasdaq:HSIC) announced today that it completed the acquisition of a majority ownership stake in Biotech Dental. Salon-de-Provence, France-based Biotech Dental provides dental implants, clear aligners and digital dental software. Melville, New York-based Henry Schein announced its plans to acquire a majority stake on Dec. 16, 2022. Biotech Dental’s offerings include Nemotec, an integrated […]
Henry Schein stock dips despite Street-beating Q4 revenues
Henry Schein (Nasdaq:HSIC) shares took a hit today despite fourth-quarter revenues that topped the consensus forecast. Shares of HSIC dipped 5.8% to $83.51 apiece in midday trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 11.1%. The Melville, New York-based dental device maker posted profits […]
Fresenius Medical Care joins health equity pledge
Fresenius Medical Care announced today that it joined the Zero Health Gaps Pledge at the World Economic Forum in Davos, Switzerland. As part of the Global Health Equity Network (GHEN), the pledge brings together stakeholders from the public and private sectors. In line with the UN Sustainable Development Goals, they aim to advance a collective […]
Henry Schein acquires majority interest in Unitas PPO solutions
Henry Schein (Nasdaq:HSIC) announced today that its eAssist Dental Solutions subsidiary acquired a majority interest in Unitas PPO Solutions. Privately-held Unitas works with dental practices to assess their commercial insurance participation. It sets competitive fee-for-service rates and negotiates contracted reimbursement with commercial insurers. Melville, New York-based Henry Schein said in a news release that the […]
Henry Schein One, VideaHealth partner on AI-based dental tech
Henry Schein One and Internet Brands announced a partnership with VideaHealth to introduce an AI-enabled dental X-ray tool. As a result, the Henry Schein joint venture intends to introduce the Dentrix Detect AI-powered platform. Manufactured by VideaHealth, the system integrates directly into Dentrix practice management systems. This integration with VideaHealth’s computer-assisted detection device helps oral […]
Henry Schein posts mixed-bag Q3 results
Henry Schein (Nasdaq:HSIC) this week posted third-quarter results that beat the earnings consensus on Wall Street but missed revenue estimates. The Melville, New York-based dental device maker reported profits of $150 million, or $1.09 per share, on sales of $3.06 billion for the three months ended Sept. 24, for a sales loss of 3.49% compared […]
These 10 medical device companies have the most revenue per employee
One way to measure medical device companies’ efficiency is to calculate revenue per employee. While compiling corporate data for MassDevice and Medical Design & Outsourcing‘s recent Medtech Big 100 report on the largest medical device companies, we took the companies reporting headcounts. Then, we divided the revenue by the number of workers. When it comes […]
Henry Schein makes $400M increase to share repurchase plan
Henry Schein (Nasdaq:HSIC) announced today that its board of directors authorized a repurchase plan worth up to $400 million. Melville, New York–based Henry Schein’s authorization of the repurchase of up to $400 million in shares of the company’s common stock adds to a $400 million repurchase program announced in May 2021. That plan from more […]
Henry Schein misses on Q2 sales amid declining demand for COVID-19 tests
Henry Schein (Nasdaq:HSIC) shares are down today on second-quarter sales that missed the Wall Street consensus forecast amid declining COVID-19 test demand and foreign exchange headwinds. The Melville, New York–based company posted profits of $160 million, or $1.16 per share, on sales of just over $3 billion for the three months ended June 25, 2022, […]
Henry Schein names C-level executive to drive e-commerce
Henry Schein (Nasdaq: HSIC) announced today that it’s appointed Mark Hillebrandt to the role of VP and chief digital revenue officer, leading a new Digital Revenue Team to boost e-commerce revenues. Mark Hillebrandt has held executive roles at Henry Schein since 2018. Previous positions included nearly three years as business leader for Amazon’s professional dental, […]