Henry Schein Inc., Long Island’s largest public company, has been selected by Fortune magazine as one of 57 companies worldwide that are "changing the world."
The Melville-based dental and health care products distributor is ranked No. 29 on Fortune’s "Change the World" list along with companies like Apple, Google parent Alphabet, and the Alibaba Group. The list, released Tuesday, is made up of companies that are "doing well by doing good" — that is, they have found ways to increase business through socially responsible causes.
Henry Schein was recognized for three initiatives it has used to improve oral health for those in need around the world: the Alpha Omega-Henry Schein Cares Holocaust Survivors Oral Health Program, which provides free dental care to Holocaust survivors across North America; Give Kids A Smile, a program developed with the American Dental Association that has provided free oral health care to more than 5.5 million children in need in the United States; and the Global Student Outreach Program, an initiative that partners the company with dental schools around the world to improve health for underserved communities.
“Since our earliest days, we at Henry Schein have worked to align our strengths as a business with the needs of society, so it is greatly rewarding to be named to Fortune’s ‘Change the World’ list,” Stanley M. Bergman, chief executive and chairman of the board of Henry Schein, said in a statement.
The company said its efforts have been beneficial to business.
Henry Schein customers who participate in the Give Kids A Smile program purchase 10 percent more in products on average than those who don't participate, the company said. Similarly, dental school partners that participated in the Global Student Outreach Program in 2016 and 2017 "increased their year-to-year business" with the company at more than twice the rate of the average dental school customer.
Henry Schein is the largest local public company based on revenue of about $12.5 billion in 2017. The company has 1,430 employees on Long Island and about 22,000 worldwide.