Profile: Henry Schein Inc (HSIC.OQ)
Henry Schein, Inc., incorporated on December 23, 1992, is a provider of healthcare products and services primarily to office-based dental, animal health and medical practitioners. The Company operates through two segments: healthcare distribution, and technology and value-added services. The Company provides its services to dental practitioners and laboratories, animal health clinics and physician practices, as well as government, institutional healthcare clinics and other alternate care clinics. As of December 31, 2016, the Company operated in 33 countries, including the United States, Australia, Austria, Belgium, Brazil, Canada, Chile, China, the Czech Republic, Denmark, France, Germany, Hong Kong Special Administrative Region, Iceland, Ireland, Israel, Italy, Japan, Luxembourg, Malaysia, the Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Slovakia, South Africa, Spain, Sweden, Switzerland, Thailand and the United Kingdom.
As of December 31, 2016, the Company operated through a centralized and automated distribution network with a selection of more than 120,000 branded products and its private brand products in stock, as well as more than 180,000 additional products available as special order items. The Company also offers technology solutions, including practice management software and e-commerce solutions, as well as a range of financial services. As of December 31, 2016, the Company offered over 120,000 Stock Keeping Units (SKUs) to its customers. As of December 31, 2016, approximately 51,000 SKUs were offered to its dental customers, approximately 12,000 SKUs to its animal health customers and approximately 55,000 SKUs to its medical customers. As of December 31, 2016, the Company offered over 180,000 additional SKUs to its customers in the form of special order items.
The Company sells practice management software systems to its dental, animal health and medical customers. Its practice management solutions provide practitioners with electronic medical records, patient treatment history, billing, accounts receivable analyses and management, appointment calendars, electronic claims processing and word processing programs. As of December 31, 2016, the Company had over 200 equipment sales and service centers around the world that provide a range of repair, installation and technical services for its healthcare customers. It provides installation and repair services for dental handpieces; dental, animal health and medical small equipment; table top sterilizers, and large dental equipment. It also provides consulting services, dental practice valuation and brokerage services.
The healthcare distribution segment aggregates its global dental, animal health and medical operating segments. This segment distributes consumable products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products and vitamins. Its global dental group serves office-based dental practitioners, dental laboratories, schools and other institutions. Its global animal health group serves animal health practices and clinics. Its global medical group serves office-based medical practitioners, ambulatory surgery centers, other alternate-care settings and other institutions.
Technology and value-added services
The technology and value-added services segment provides software, technology and other value-added services to healthcare practitioners. Its technology group offerings include practice management software systems for dental and medical practitioners and animal health clinics. Its value-added practice solutions include financial services on a non-recourse basis, e-services, practice technology, network and hardware services, as well as continuing education services for practitioners.
The Company competes with Patterson Companies, Inc., Benco Dental Supply Company., AmerisourceBergen, McKesson Corporation, Medline Industries, Inc., Carestream Health, Inc., IDEXX Laboratories, Inc., Quality Systems, Inc., eClinicalWorks, Allscripts Healthcare Solutions, Inc., GACD Group, Pluradent AG & Co., Lifco AB, Planmeca Oy, Billericay Dental Supply Co. Ltd. and Alcyon SA.
Henry Schein Inc
135 Duryea Rd
MELVILLE NY 11747
Company Web Links
- BRIEF-Henry Schein Q1 earnings per share $1.76
- BRIEF-Henry Schein announces new $750 mln credit facility
- BRIEF-Henry Schein Inc's CEO's total 2016 compensation was $12.6 mln
- BRIEF-Henry Schein Medical announces exclusive distribution agreement for Rijuven's cardiosleeve
- BRIEF-Henry Schein reports Q4 adj. earnings per share $1.88