Henry Schein Acquires a Medical Distributor Serving the Australia and New Zealand Area

Henry Schein, Inc. (Nasdaq: HSIC) introduced the acquisition of Regional Well being Care Group Pty Ltd (RHCG), a medical merchandise distribution firm serving public- and private-sector clients in Australia and New Zealand.

Since 1998, Henry Schein has served the Australian and New Zealand dental market, offering a variety of dental merchandise, gear, and companies to dental professionals. The addition of RHCG expands Henry Schein’s providing to medical practitioners within the area.

Henry Schein acquired RHCG, which had gross sales for the 12 months ended June 30, 2022, of $42 million, from Maurie and Bernard Stang, who wholly owned the corporate and retain a minority curiosity in Henry Schein’s ANZ dental enterprise. Henry Schein expects the transaction to be impartial to 2023 diluted earnings per share when excluding amortization bills and accretive thereafter. Monetary phrases weren’t disclosed.

“We’re happy to welcome the Regional Well being Care Group to Henry Schein,” stated Stanley M. Bergman, Chairman of the Board and Chief Government Officer of Henry Schein. “Collectively, we are going to advance our long-standing aim of serving to well being care professionals function extra environment friendly practices by offering new options and applied sciences for the last word good thing about sufferers.”

Headquartered in Sydney, Australia, with an workplace in Auckland, New Zealand, RHCG presents a variety of consumables, gear, and prescription drugs – together with many on an unique or semi-exclusive foundation – primarily to public- and private-sector clients. The day-to-day operations of RHCG are led by Common Supervisor Stephen Doorey, who will proceed to handle the enterprise underneath the extremely regarded Regional Well being Care Group model. Mr. Doorey will report back to Mike Covey, Vice President and Managing Director of Henry Schein’s enterprise in Australia and New Zealand.

“We’re very happy to combine RHCG with Henry Schein, an organization that shares our dedication to glorious service and offers clients with the options they should ship high quality care to their sufferers,” stated Maurie Stang. “It’s extraordinarily gratifying to see the thrilling alternatives to speed up our development.”

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