Wednesday, September 26, 2018
Henry Schein, Inc., the world's largest provider of health care products and services to office-based dental, animal health, and medical practitioners, announced today three investments that will advance the Company's dental implant business strategy.
Henry Schein will enhance its position in the premium implant segment through the acquisition of Intra-Lock, a provider of dental restoration solutions, including proprietary surface, connection, and biomaterial and small diameter implant technologies; expand into the lower-priced segment of the dental implant market through the planned acquisition of a majority interest in Medentis Medical, a dental implant manufacturer based in Germany; and strengthen its geographic footprint in Europe with the acquisition of a majority interest in Pro-Cam Implants B.V., CAMLOG's exclusive distributor in the Netherlands.
Together, these acquisitions represent annual sales of approximately $45 million, will be neutral to the Company's 2018 earnings per share, and are expected to be accretive thereafter. Financial terms were not disclosed.
Intra-Lock, Medentis Medical, and Pro-Cam Implants will complement Henry Schein's existing solutions for implant-based tooth replacement, and strengthen the Company's position in the global dental implant market. These acquisitions will broaden the Company's geographic reach, add innovative technologies, enhance its manufacturing footprint, and further its commitment to serve the lower-priced segment of the implant market. Upon completion of the Medentis Medical acquisition, the Company will also be better positioned to address the growing needs of emerging markets.
"The dental implant category has become increasingly important, and we are committed to offering customers a wide array of the products and services associated with implant dentistry, thereby providing a complete solution for the benefit of the dental practice," said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. "We believe that with the investments we have made in CAMLOG, BioHorizons, and now Intra-Lock, Medentis Medical, and Pro-Cam Implants, we are well positioned to compete in the high growth global dental implant market. We welcome our new colleagues to Team Schein and look forward to continued success together."
