On October 17, 2023, Henry Schein announced the completion of its acquisition of a majority interest in Shield Healthcare, Inc. Shield Healthcare is a leading supplier of homecare medical products delivered directly to patients in their homes. The acquisition is expected to expand Henry Schein’s existing medical business by delivering a diverse range of products, including incontinence, urology, ostomy, enteral nutrition, advanced wound care, and diabetes supplies.
Key Facts
- Acquisition of Shield Healthcare, Inc.:
- On October 17, 2023, Henry Schein announced the completion of its acquisition of a majority interest in Shield Healthcare, Inc..
- Shield Healthcare is a leading supplier of homecare medical products delivered directly to patients in their homes.
- The acquisition is expected to expand Henry Schein’s existing medical business by delivering a diverse range of products, including incontinence, urology, ostomy, enteral nutrition, advanced wound care, and diabetes supplies.
- Planned spin-off and merger with Vets First Choice:
- On December 20, 2018, Henry Schein and Vets First Choice announced their plan to spin off the Henry Schein Animal Health business and merge it with Vets First Choice to create a new standalone public company.
- The new company resulting from the spin-off and merger was named Covetrus.
- Covetrus is a global, technology-enabled animal health business that supports the companion, equine, and large-animal veterinary markets.
- It combines practice management software, prescription management, client engagement services, and supply chain infrastructure to promote connectivity between veterinarians and their clients.
- The transaction was expected to be completed in the first quarter of 2019.
Planned Spin-off and Merger with Vets First Choice
On December 20, 2018, Henry Schein and Vets First Choice announced their plan to spin off the Henry Schein Animal Health business and merge it with Vets First Choice to create a new standalone public company. The new company resulting from the spin-off and merger was named Covetrus.
Covetrus is a global, technology-enabled animal health business that supports the companion, equine, and large-animal veterinary markets. It combines practice management software, prescription management, client engagement services, and supply chain infrastructure to promote connectivity between veterinarians and their clients. The transaction was expected to be completed in the first quarter of 2019.
Sources
- Henry Schein Completes Acquisition of Majority Interest in Shield Healthcare, Inc.
- Henry Schein and Vets First Choice Announce New Name, Planned New Corporate Identity for Combined Animal Health Business
- Henry Schein
FAQs
Who acquired Henry Schein?
Henry Schein has not been acquired. It remains an independent company.
What companies has Henry Schein acquired?
Henry Schein has acquired several companies, including:
– Shield Healthcare, Inc. (2023)
– Condor Dental (2022)
– Biotech Dental (2023)
– S.I.N. Implant System (2023)
– Midway Dental Supply (2022)
– Unitas PPO Solutions (2023)
– Jarvis Analytics (2021)
– eAssist Dental Solutions (2021)
– Prism Medical Products (2021)
– North American Rescue (2019)
– Cliniclands (2019)
– Elite Computer Italia (2019)
What was the most recent acquisition made by Henry Schein?
Henry Schein’s most recent acquisition was S.I.N. Implant System, a major provider of dental implants in Brazil, acquired in July 2023.
What is the significance of Henry Schein’s acquisition of Shield Healthcare, Inc.?
The acquisition of Shield Healthcare, Inc. is significant because it expands Henry Schein’s existing medical business by delivering a diverse range of homecare medical products directly to patients in their homes.
What was the purpose of Henry Schein’s planned spin-off and merger with Vets First Choice?
The purpose of the planned spin-off and merger with Vets First Choice was to create a new standalone public company focused on the animal health business.
What was the name of the new company resulting from the spin-off and merger of Henry Schein Animal Health and Vets First Choice?
The name of the new company resulting from the spin-off and merger was Covetrus.
What type of business is Covetrus?
Covetrus is a global, technology-enabled animal health business that supports the companion, equine, and large-animal veterinary markets.
When was the transaction between Henry Schein and Vets First Choice expected to be completed?
The transaction between Henry Schein and Vets First Choice was expected to be completed in the first quarter of 2019.