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Henry Schein makes 3 investments in dental implant market

The worldwide corporate headquarters of Henry Schein Inc.

The worldwide corporate headquarters of Henry Schein Inc. in Melville. Photo Credit: Barry Sloan

Henry Schein Inc. is pushing further into the dental-implant market with three investments, the company said Tuesday.

The Melville-based distributor of dental and medical products said it has acquired Intra-Lock, a Boca Raton, Florida, provider of dental-restoration products, and taken majority interests in two European companies.

Financial terms were not disclosed.

The three companies combined have about $45 million in annual sales. The acquisitions are expected to be neutral to Henry Schein's 2018 earnings per share.

Henry Schein is Long Island's largest publicly traded company based on 2017 revenue of $12.5 billion. Shares in the company were trading up 0.4 percent to $83.96 Tuesday afternoon.

Intra-Lock has about 50 employees. It's chief executive and director of research and development, Dr. Thierry Giorno, will serve as a consultant to Henry Schein.

The two other investments are in Medentis Medical in Bad Beuenahr-Ahrweiler, Germany, and Pro-Cam Implants B.V., in Woerden, The Netherlands.

In a research note Tuesday, Ross Muken, an analyst with Manhattan-based Evercore ISI, said the global dental implant market is "increasingly attractive" and the investments will help Henry Schein strengthen its "presence in Europe and emerging markets."

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