Consolidations continue to transform the roster of largest medical device companies in the world — as evidenced by the latest Big 100 list at our sister site Medical Design & Outsourcing. Overall, Big 100 companies saw $397.5 billion in sales during their most recent fiscal years, up 3.5% from the previous year. As companies continue to […]
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 shares rise on mixed-bag Q1 earnings, raised EPS outlook
Shares in Henry Schein (NSDQ:HSIC) are rising today after the medical device maker posted first quarter 2019 earnings that topped earnings per share expectations but missed sales consensus on Wall Street. The Melville, N.Y.-based company posted profits of $114.6 million, or 73¢ per share, on sales of $2.36 billion for the three months ended March 31, […]
Henry Schein closes North American Rescue acquisition
Henry Schein (NSDQ:HSIC) said today that it closed its acquisition of survivability and casualty-care medical product maker North American Rescue. The Melville, N.Y.-based company said that NAR reported sales of approximately $184 million for the 12 months ended October 31, 2018. The company said that it expects the acquisition to be neutral to its 2019 earnings […]
Henry Schein shares drop on mixed bag Q4 earnings
Shares in Henry Schein (NSDQ:HSIC) fell today after the medical device maker posted fourth quarter and full year 2018 earnings that beat earnings per share expectations but missed on revenue consensus. The Melville, N.Y.-based company posted profits of approximately $133 million, or 87¢ per share, on sales of approximately $3.38 billion for the three months ended […]
Henry Schein closes spinout of Covetrus animal health biz
Henry Schein (NSDQ:HSIC) said today it is on track to complete the spinout of its animal health business, Covetrus, which is slated to close today with shares in the company beginning trading tomorrow on the Nasdaq Global Select Market. The Melville, N.Y.-based company said that its common stock won approval for listing on the Nasdaq Global […]
Henry Schein pushes back date for animal health spinout
Henry Schein (NSDQ:HSIC) said today that it is shifting the date for the spin-out of its animal health business, now dubbed “Covetrus,” from February 4 to February 7. The change was implemented by the Melville, N.Y.-based company’s board of directors, according to company press release. The new date reflects the new anticipated date for distribution of shares […]
Henry Schein sets timetable on $5B Covetrus animal health spinout
Henry Schein (NSDQ:HSIC) yesterday set the timetable for the spinout of its animal health business in a merger with Vets First Choice, branding the soon-to-be-public company as Covetrus. The Melville, N.Y.-based dental products giant set the record and distribution dates for the spinout, first announced last April. Covetrus is slated to trade on the NASDAQ exchange beginning […]
Analyst downgrades pressure medtech stocks
Several medical device companies took hits yesterday after analysts on Wall Street downgraded their stocks, on a day when the major market indices each closed up a hair, and even medtech firms that enjoyed upgrades came under pressure. Globus Medical (NYSE:GMED) suffered the most after Morgan Stanley analyst David Lewis cut his rating on the stock from […]
Boston Scientific sues Micro-Tech over endo clip patents
Boston Scientific has filed a lawsuit against Micro-Tech USA and its Chinese manufacturer, Micro-Tech Nanjing, alleging that Micro-Tech infringed three of its patents for endoscopic hemostatic clips. Boston Scientific claims that Micro-Tech’s SureClip hemostasis clip products infringe the patents for its Resolution and Resolution 360 clips, which are designed to control gastrointestinal bleeding. Henry Schein (Melville, N.Y.) is […]
Henry Schein to settle anti-trust class action for $39m
Henry Schein (NSDQ:HSIC) said today it expects to pay approximately $38.5 million to settle an anti-trust class action suit related to dental supplies. The case, which was filed in the US District Court for the Eastern District of New York, alleges that the defendants violated anti-trust rules by fixing prices on dental equipment and supplies, as […]
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