Henry Schein doubles down on supplies
By HME News Staff
Updated 8:54 AM CDT, Mon August 7, 2023
MELVILLE, N.Y. - Henry Schein, a provider of health care solutions to office-based dental and medical professionals, has signed an agreement to acquire a majority ownership position in Shield Healthcare, a provider of medical supplies with net sales of about $180 million in 2022.
Henry Schein, which acquired Prism Medical, also a provider of supplies, in 2021, says its acquisition of Valencia, Calif.-based Shield Healthcare will advance its continuum of care delivery model.
“As the U.S. population ages and care increasingly moves into the home, Henry Schein is meeting this trend by enhancing our home care medical products offering,” said Stanley M. Bergman, chairman of the board and CEO of Henry Schein. “We are delighted to expand our presence in delivering medical products. Together, we share an unwavering commitment to customer satisfaction.”
The acquisition enhances Henry Schein's existing medical business by delivering a wide range of products, including incontinence, urology, ostomy, enteral nutrition, advanced wound, and diabetes supplies, as well as continuous glucose monitoring devices, directly to patients in their homes.
Shield Healthcare will operate as a part of Henry Schein Medical, which reported global sales of $4.45 billion for 2022. The current owners of Shield Healthcare, including members of the company’s management team, will retain the remaining minority ownership position in the company.
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