Get the latest news and trends on Long Island companies and the people behind them.
Henry Schein buys 3 firms with $61M in sales
Henry Schein, the Melville-based distributor of health care supplies, today said it had acquired three companies that have combined sales of roughly $61 million.
The company did not disclose how much it paid for the three companies, Ortho Technology, Inc., of Tampa, Fla.; Modern Laboratory Services of Bakersfield, Calif.; and Accord of Bangkok.
Henry Schein, which posted $8.5 billion in sales last year, does not expect the acquisitions to impact its 2012 earnings per share.
“The addition of Ortho Technology, Modern Laboratory Services and Accord furthers our strategic priority of global growth in important market segments and new geographies,” said Stanley M. Bergman, Henry Schein’s chairman and chief executive.
Ortho Technology distributes of orthodontics products and has about 90 employees. It reported $24 million in sales for 2011.
Modern Laboratory Services provides laboratory equipment and supplies on the West Coast. It had $22 million in sales in 2011.
Accord serves private office-based dental practitioners, public and private hospitals, dental schools and public health authorities. It had roughly $15 million in sales last year.