Medtronic (NYSE:MDT) said today it tapped former J.P. Morgan Chase & Co. analyst Mike Weinstein as its strategy senior VP. Prior to joining Medtronic, Weinstein served as a managing director for JP Morgan’s equity research healthcare team, holding positions within the unit for more than 20 years, the Fridley, Minn.-based company said. “We are excited to […]
Henry Schein Inc.
Schein to spin out animal health biz in merger with Vets First Choice
Henry Schein (NSDQ:HSIC) said today it plans to spin off its Animal Health business and merge it with Vets First Choice to create a new combined animal health business which will operate under the moniker Vets First Corp. The new company aims to use advanced data analytics, practice management software and other specialized technology to support […]
Biolase CEO Flynn steps down | Personnel Moves – April 13, 2018
Biolase (NSDQ:BIOL) said this week its CEO Harold Flynn has resigned from the company to pursue other interests, and that current CFO John Beaver will step in to act as interim CEO. The transition will be made immediately, the Irvine, Calif.-based company said. “I would like to thank Harold for the leadership and commitment he has […]
FTC files complaint against Schein, Benco, Patterson over alleged denial of biz to buying groups
The U.S. Federal Trade Commission this week filed a complaint against Henry Schein (NSDQ:HSIC), Patterson (NSDQ:PDCO) and Benco alleging violations of US antitrust law by conspiring to refuse to provide discounts to or to serve buying groups representing dental practitioners, according to a new FTC posting. The three companies, which the FTC claims control more than 85% of […]
Henry Schein shares fall on Q3 EPS miss
Shares in Henry Schein (NSDQ:HSIC) have fallen today after the company posted third quarter earnings which beat sales but missed earning per share expectations on Wall Street. The Melville, N.Y.-based company posted profits of $138 million, or 87¢ per share, on sales of $3.2 billion for the 3 months ended September 30, seeing the bottom-line grow […]
Henry Schein inks distro deal with Cerebral Assessment Systems
Henry Schein (NSDQ:HSIC) said today it inked a deal with Cerebral Assessment Systems to distribute its Cognivue cognitive assessment screening device designed to detect early signs of dementia. Melville, N.Y.-based Henry Schein touted the Cognivue as the 1st such device approved by the FDA. The device is designed to allow practitioners to monitor current brain health and […]
Henry Schein board approves 2-for-1 split
Henry Schein (NSDQ:HSIC) said today its board of directors approved a 2-for-1 split of the company’s common stock. Through the deal, each Henry Schein shareholder as of September 1 will receive a dividend of 1 additional share for every share held, with trading beginning on a split-adjusted basis on September 15. Henry Schein touted the split […]
Schein closes buyout of distributor Southern Anesthesia + Surgical
Henry Schein (NSDQ:HSIC) said today it closed its acquisition of Southern Anesthesia + Surgical for an undisclosed amount. Southern Anesthasia + Surgical is a US distributor of anesthesia and surgical supplies to oral surgeons, dental anesthesiologists and periodontists, Melville, N.Y.-based Henry Schein said. The company offers controlled and non-controlled pharmaceuticals and surgical supplies to approximately 11,500 […]
Henry Schein buys 80% stake in Polish dental distributor Marrodent
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 […]
Henry Schein expands footprint in Japan with J. Morita stake
Henry Schein (NSDQ:HSIC) said it’s expanding its footprint in the Japanese dental market by buying a 50% stake in a subsidiary of J. Morita Corp. for an undisclosed amount. Melville, N.Y.-based Schein said the deal is for half of One Piece Corp., which has 8 dental dealerships in Japan and booked sales of roughly $125 million last […]
Henry Schein buys into Brazilian dental distributor
Henry Schein (NSDQ:HSIC) said today that it agreed to buy a majority stake in Brazil’s Dental Cremer, which distributes dental supplies and equipment, for an undisclosed amount. Blumenau-based Dental Cremer posted sales of roughly $70 million last year and employs about 530 workers, Schein said. “As Brazil’s dental market grows, fueled by an aging population and an expanding […]