Henry Schein Acquires Majority Interest in Shield Healthcare

Henry Schein Acquires Majority Interest in TriMed, Inc.

April 4, 2024

Medical Devices

Henry Schein, Inc. completed the acquisition of a majority interest in TriMed, Inc., a Santa Clarita, California–based developer of orthopedic implants and solutions for lower and upper extremities. TriMed reported approximately $52 million in 2023 net sales; the TriMed founders will remain with the business and financial terms were not disclosed. Henry Schein said the deal will broaden its surgical product offering to IDNs and ASCs and is expected to be neutral to 2024 non-GAAP EPS and accretive thereafter.

Henry Schein Acquires Regional Health Care Group

May 7, 2023

Healthcare Services

Henry Schein, Inc. acquired Regional Health Care Group Pty Ltd (RHCG), a Sydney‑headquartered medical products distributor serving Australia and New Zealand, from owners Maurie and Bernard Stang. RHCG had trailing‑12‑month sales of approximately $42 million; the deal expands Henry Schein's ANZ footprint from dental into medical products and is expected to be EPS‑neutral in 2023 excluding amortization and accretive thereafter.

Henry Schein Acquires Condor Dental

July 7, 2022

Dental

Henry Schein, Inc. has completed the acquisition of Condor Dental Research Company SA, a Swiss dental distributor based in Vouvry. Henry Schein purchased 100% of Condor Dental from MCCB II Holding (owned by Christèle Herreman) to expand its Swiss and European dental distribution business; Condor Dental reported approximately $18 million in 2021 sales and will join Henry Schein’s International Distribution Group.

Henry Schein Acquires Midway Dental Supply

August 29, 2022

Dental

Henry Schein, Inc. acquired 100% of Midway Dental Supply, a full-service dental distributor headquartered in Livonia, Michigan. Midway reported approximately $110 million in 2021 sales and about 200 employees; the acquisition strengthens Henry Schein's presence in the Midwestern U.S. and brings new customers, executive talent, and sales and service personnel into its U.S. Dental business.

Walgreens Boots Alliance Acquires Remaining Stake in Shields Health Solutions

September 20, 2022

Healthcare Services

Walgreens Boots Alliance entered into a definitive agreement to acquire the remaining ~30% stake in Shields Health Solutions for approximately $1.37 billion, completing WBA's move to full ownership of the specialty pharmacy integrator. Shields, a health system–focused specialty pharmacy accelerator headquartered in Stoughton, Massachusetts, has rapidly grown revenue and partnerships and will continue operating as a distinct business within Walgreens under new leadership.

Henry Schein Acquires Majority (70%) Interest in eAssist Dental Solutions

June 10, 2021

Dental

Henry Schein acquired a 70% ownership stake in eAssist Dental Solutions, a fast-growing virtual dental billing and revenue cycle management provider headquartered in American Fork, Utah. eAssist — founded in 2011 and with more than 1,200 employees serving over 2,000 practices — had approximately $31 million in sales in 2020; financial terms were not disclosed and Dr. James Anderson will remain CEO.