MELVILLE, N.Y., July 29, 2024 -- Henry Schein, Inc. (Nasdaq: HSIC), the world's largest provider of health care solutions to office-based dental and medical practitioners, today announced it has acquired abc dental AG (abc dental), a full-service dental distributor offering consumables, equipment, and technical service to general practitioners, specialists, and dental laboratories in Switzerland.

abc dental was established in 1998 and had sales in 2023 of approximately 27.5 million, the majority of which were from dental consumable merchandise and equipment, with further revenue from the design and customization of dental practices and dental laboratory installations. Henry Schein acquired 100% of abc dental from ADMETOS GmbH. Henry Schein expects the transaction to be neutral to 2024 non-GAAP earnings per share and accretive thereafter. Financial terms were not disclosed.

The acquisition of abc dental, based in Schlieren, Switzerland, builds upon Henry Schein's 2022 acquisition of Condor Dental, based in Vouvry, Switzerland. abc dental will extend Henry Schein's ability to deliver a wider range of solutions and services to customers in Switzerland.

Henry Schein's current offering through Condor is concentrated on consumables and focused primarily on customers in the French-speaking region of Switzerland. abc dental, whose focus is the German-speaking part of the country, will enable Henry Schein to expand its solutions portfolio and offer innovative equipment and technical services to customers across the Swiss market.

"Our investment in abc dental furthers our strategic vision to become the leading full-service distributor in Switzerland," said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. "As demand rises for dental services across Switzerland, Henry Schein will be able to more effectively serve our customers through the resources of abc dental and Condor. We at Henry Schein welcome our new abc dental colleagues and we look forward to bringing new products, services, and solutions to the Swiss oral health community."

abc dental is now a part of Henry Schein's International Distribution Group, and the business will continue to be led by Dejan Eric as General Manager of abc dental.

"Through our exciting new alliance with Henry Schein, a company that shares our values of empowering dental practitioners, we believe abc dental is poised for significant growth," said Mr. Eric. "Together, we are committed to providing our combined customer base with the most effective solutions to deliver exceptional patient care."

"We are thrilled to announce our cooperation with abc dental, a highly respected dental solutions provider with more than 25 years of experience," said Stefan Heine, Vice President, Dental-Central Europe, Henry Schein International Distribution Group. "With the support of Henry Schein's operational expertise, abc dental will be better positioned to improve market coverage and deliver enhanced services and solutions to dentists."

About Henry Schein, Inc.
Henry Schein, Inc. (Nasdaq: HSIC) is a solutions company for health care professionals powered by a network of people and technology. With more than 25,000 Team Schein Members worldwide, the Company's network of trusted advisors provides more than 1 million customers globally with more than 300 valued solutions that help improve operational success and clinical outcomes. Our Business, Clinical, Technology, and Supply Chain solutions help office-based dental and medical practitioners work more efficiently so they can provide quality care more effectively. These solutions also support dental laboratories, government and institutional health care clinics, as well as other alternate care sites.

Henry Schein operates through a centralized and automated distribution network, with a selection of more than 300,000 branded products and Henry Schein corporate brand products in our distribution centers.

A FORTUNE 500 Company and a member of the S&P 500^® index, Henry Schein is headquartered in Melville, N.Y., and has operations or affiliates in 33 countries and territories. The Company's sales reached .3 billion in 2023, and have grown at a compound annual rate of approximately 11.5 percent since Henry Schein became a public company in 1995.

For more information, visit Henry Schein at www.henryschein.com, Facebook.com/HenrySchein, Instagram.com/HenrySchein, and @HenrySchein on X.