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America’s largest dental equipment supplier: Henry Schein (HSIC) Henry Schein (HSIC) (1932)

Henry Schein, Inc. (NASDAQ: HSIC) was founded in 1932 and is headquartered in Melville, New York, USA, with 19,000 full-time employees. It is a dental equipment and healthcare distributor, and is also a distributor in the United States and Europe. The largest distributor of dental equipment.

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Henry Schei (HSIC) Henry Schei (HSIC):

In 1932, Henry Schein borrowed $500 and opened a pharmacy in New York with his wife Esther. It has now developed into the world’s largest distributor of healthcare products and services, serving dental, medical and animal health services in more than 190 countries around the world. Workers provide products and services.

Henry Schein Inc. (Henry Schein Inc.) is the “World’s Most Admired Company” selected by “Fortune” magazine, and its social responsibility and other projects rank first in the industry. As of 2017, Han Ruixiang has been selected as the most ethical company in the world by the Ethics Village Association for six consecutive times.

Henry Schein, Inc. provides health products and services to dentists and laboratories, animal clinics, medical practitioners, governments, institutional health clinics and other alternative medical clinics worldwide. Han Ruixiang is divided into two departments to operate: Health Care Distribution, Technology and Value-Added Services.

  1. Healthcare distribution department : Provide dental products, such as infection control products, dental handle instruments, preventive measures, impression materials, composite materials, anesthetics, teeth, dental implants, plaster, acrylics, sounders, abrasives, dental chairs, Delivery equipment and lighting, X-ray supplies and equipment, equipment maintenance, and high-tech and digital repair equipment. The Health Care Distribution department also provides animal health products, including: branded and generic drugs, surgical and consumable products and services, equipment and medical products, including: branded and generic drugs, vaccines, surgical products, diagnostic tests, infection control Products, X-ray products, equipment and vitamins.
  2. Technology and value-added service department : Provide software, technology and other value-added services and products, including: dental and medical practitioners and animal health clinics practicing software management systems. The department also provides practice value-added solutions, such as non-recourse-based financing services for doctors, electronic services, practice technology, network and hardware services, and follow-up education services for medical personnel.

History of Henry Schei (HSIC):

  • In 1932, Henry and Esther Schein founded Henry Schein in Queens, New York.
  • In 1942, the company began selling penicillin directly to customers.
  • In 1959, sales reached the $1 million milestone.
  • In 1979, sales reached 58 million US dollars.
  • In 1980, Jay Schein became the chairman and CEO of Henry Schein, ushering in a new period of record growth and prosperity for the company.
  • In 1983, TouchTone™ telephone ordering was launched.
  • In 1985, the company focused on veterinary dentistry and acquired Zahn Dental.
  • In 1986, Henry Schein launched the Protex program to educate the dental profession on infection control.
  • In 1989, following the unfortunate death of Jay Schein, Stanley Bergman became the chairman and chief executive officer of Henry Schein; the company’s revenue reached $225 million.
  • In 1990, Henry Schein began international expansion (the Netherlands, the United Kingdom and Spain).
  • In 1994, the company led the development of the industry through dental practice management software systems; providing electronic claims processing.
  • In 1995, Henry Schein went public on the Nasdaq Stock Market (HSIC), raised US$72.8 million in an initial public offering; acquired Veratex.
  • In 1996, the company provided customers with unique integrated sales and marketing methods (on-site sales, telephone sales, direct sales); revenue reached 830 million US dollars.
  • In 1997, the company became the largest healthcare distributor serving office workers. In the same year, Han Ruixiang acquired Sullivan Dental Products, Dentrix Dental Systems and Caligor.
  • In 1998, revenue reached 1.98 billion US dollars. In the same year, Henry Shanen Services acquired Regional Healthcare in Australia, Arcona in Canada and Meer Dental in the United States.
  • In 1999, Henry Schein acquired Heiland in Germany and GIV in the United States.
  • In 2000, Henry Schein became the only pan-European dental, medical and veterinary distributor; revenue reached 2.38 billion US dollars.
  • In 2001, the company launched Digital Dental Office, Privileges customer loyalty program and customer analysis tool (CAT) system; established Henry Schein Cares global social responsibility program.
  • In 2002, Henry Schein established Sullivan-Schein University; he began to act as the exclusive distributor of ADA’s Give Kids A Smile! project professional products. Revenue that year was 2.68 billion US dollars.
  • In 2003, Henry Schein acquired Colonial Surgical of the United States and Hager Dental of Germany.
  • In 2004, Henry Schein made his debut on the Fortune 500 and launched Tomorrow’s Dental Office Today (TDOT).
  • Also in 2004, Henry Shanen Services acquired Demedis in Germany, KRUGG in Italy and Barton-Cyker Dental Supply in the United States.
  • In 2005, Henry Schein celebrated its 10th anniversary of listing. In the same year, it acquired Ash Temple in Canada, Halas Dental in Australia and Shalfoon Brothers in New Zealand.
  • In 2006, Henry Schein once again landed on the list of America’s most admired companies selected by Fortune magazine and ranked first in terms of social responsibility. In the same year, revenue reached 5.15 billion US dollars.
  • In 2006, it acquired NLS Animal Health, Darby Medical Supply, Island Dental, Darby Dental Laboratory Supply and Swiss Provet Holding AG.
  • In 2007, it acquired the businesses of W & J Dunlop Ltd, UK Animal Health Company, Software of Excellence International Ltd. and Dental Software Company in the UK, Australia and New Zealand.
  • In 2008, revenue reached 6.4 billion U.S. dollars. In the same year, it acquired Minerva Dental Limited, a British dental consumables and equipment supplier.
  • In 2009, acquired Ortho Organizers ( manufacturer and distributor of a full range of orthodontic products , headquartered in Carlsbad, California).
  • In 2009, it acquired Noviko (the main distributor of veterinary medicine supply in the Czech Republic).
  • In 2009, it acquired DNA Anthos Impianti ( the Italian distribution division of Cefla Dental, a leading manufacturer of dental equipment ).
  • In 2009, it acquired Medka (a full-service provider of medical consumables, equipment and technical services mainly for doctors based in Berlin, Germany).
  • In 2010, Henry Schein and Butler Animal Health established Butler Schein Animal Health.
  • In 2010, Henry Schein announced an agreement to acquire Provet Holdings Limited.
  • In 2010, Henry Schein entered the fast-growing dental market in Turkey.
  • In 2011, Henry Schein published the first catalog in China and opened the first distribution center in China.
  • In 2011, two leading veterinary software companies McAllister Software Systems and ImproMed became part of Butler Schein Animal Health.
  • In 2011, Henry Schein acquired Sogim Grimouille, a French full-service dental supplier.
  • In 2011, Alpha Scientific, a supplier of medical, surgical, pharmaceutical and laboratory products, became part of Henry Schein.
  • In 2012, Henry Schein was named the most respected company in the Fortune World; ranked first in the industry; was named one of the world’s most ethical companies in 2012 by the Ethisphere Institute; and ranked 10th in the Barron’s 500.
  • In 2012, Henry Schein entered the Thai market through Accord Dental.
  • In 2013, Henry Schein was selected as the most respected company in the Fortune World for the 12th consecutive year; ranked first in subcategories such as social responsibility, global competitiveness, management quality, product and service quality, and use of company assets.
  • In 2013, Henry Schein was once again selected as one of the most ethical companies in the world by Ethisphere Institute in 2013.
  • In 2013, Henry Schein ranked 296th in the Fortune 500 ranking of the largest American companies.
  • In 2013, Henry Schein entered the Polish market through a final agreement with Medivet SA.
  • In 2013, Henry Schein established a business in South Africa by investing in The Dental Warehouse.
  • In 2013, Dentrix® G5, Dentrix Perio Chart plug-in and Dentrix Mobile were recognized by DentalTown; Dentrix Ascend™ was named one of the top five upgrades and innovations of 2013 by the Dental Products Report, and Henry Schein’s Mac computer practice management solution Viive® won the Pride Institute’s Best Emerging Technology Award.
  • In 2014, Henry Schein was ranked number one in the list of the most respected companies in the Fortune World; number one in all nine reputation subcategories used by Fortune Magazine® to create the ranking.
  • In 2014, Henry Schein strengthened its European dental and technology business by acquiring five companies from Arseus.
  • In 2014, Henry Schein expanded its dental laboratory distribution business through the acquisition of Lincoln Dental Supply.
  • In 2014, Henry Schein ranked 292nd in the Fortune 500 ranking of the largest American companies.
  • In 2014, Henry Schein and supplier partners donated more than $1 million in protective equipment to help prevent the spread of Ebola.
  • November 2014, announced that Henry Schein Medical and Cardinal Health (Cardinal Health) reached a strategic cooperation arrangement. The doctor’s office sales organization under the Cardinal Health Group will be merged into Han Ruixiang Medical.
  • In 2015, Henry Schein cooperated with Canine Companions for Independence, Inc. to provide veterinarians with “Henry Schein Cares-Canine Companions Puppy Raiser Care Packages” to train canine companion puppies for its clients.
  • In 2015, Henry Schein was ranked 287th in the Fortune 500 ranking of the largest US companies.
  • In 2015, Henry Schein acquired scil Animal Care and entered the Malaysian market.
  • In 2015, Henry Schein once again ranked first in the industry on the list of Fortune World’s most respected companies; ranked first in all nine reputation subcategories used by Fortune Magazine® to create the ranking.
  • In 2015, Henry Schein was once again selected as one of the world’s most ethical companies by Ethisphere Institute in 2015.
  • In 2015, it was selected by S&P Dow Jones Indices to join the S&P 500® index stocks.
  • In 2015, he entered the Forbes list of the best employers in the United States in 2015.
  • In 2015, Henry Schein received the highest score in the 2016 Corporate Equality Index.
  • In 2016, Henry Schein was again named one of the most ethical companies in the world by Ethisphere Institute in 2016.
  • In 2016, Henry Schein ranked first in the “Fortune World’s Most Admired Companies” list for the third consecutive year; ranked first in all nine reputation subcategories used by Fortune to create the ranking.
  • In 2016, Henry Schein ranked 268th in the Fortune 500 ranking of the largest US companies.
  • In 2017, Henry Schein was ranked 243rd in the Fortune 500 ranking of America’s largest companies.
  • In 2017, Henry Schein was again named as one of the world’s most ethical companies in 2016 by the Ethisphere Institute.
  • In 2017, Henry Schein was selected as the “Fortune World’s Most Admired Company” for 16 consecutive years.
  • In 2017, Henry Schein entered the Brazilian animal health market by investing in Tecnew.
  • In 2017, Henry Schein completed the acquisition of a majority stake in Dental Cremer.
  • In 2017, Stanley Bergman, Chairman of the Board and CEO Henry Schein was selected as CEO of the Year by Inc. Magazine.
  • In 2018, Henry Schein acquired a majority stake in ABASE, a distributor of veterinary health products in Sao Paulo, Brazil.
  • In 2018, Henry Schein was selected by Ethisphere Institute as one of the world’s most ethical companies for the seventh time.
  • In 2018, Henry Schein donated US$250,000 in health products to the American Dental Care Foundation to provide free oral health care services to those in need.
  • In 2018, Henry Schein and Internet brands formed a joint venture to provide comprehensive technology to strengthen dental practice management.
  • In 2018, Henry Schein spun off its animal health business and merged it with Vets First Choice.
  • In 2018, Henry Schein ranked 238th in the Fortune 500 ranking of America’s largest companies.
  • In 2019, Henry Schein was ranked first in Fortune magazine’s “World’s Most Admired Companies” list.
  • In 2019, Henry Schein expanded its medical group through the acquisition of North American Rescue.
  • In 2019, Henry Schein received the highest score in the 2019 Corporate Equality Index.
  • On February 8, 2019, Henry Schein completed the spin-off of the global animal health business. With the spin-off of Animal Health, Henry Schein has more than 18,000 employees in 31 countries and serves more than 1 million customers. Based on 2017 pro forma sales of approximately US$9 billion (excluding Animal Health’s US$3.6 billion donation), the company’s revenue is broken down into dental US$6.1 billion, or 68%; and Medical’s US$2.5 billion, or 28%; 338 million US dollars for technology and value-added services, or 4%.
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