Henry Schein, Inc.
) has acquired NY-based global dental equipment provider
Sirona Dental Systems, Inc
) dental distribution business in France - Sirona Direct. However,
financial terms of the transactions have not been disclosed.
Sirona Direct is the sole distributor of dental equipment for
Sirona Dental Systems in Paris and Normandy, with sales of roughly
$14 million. Henry Schein is a global distributor of healthcare
products and services with global dental sales of around $5 billion
In addition to acquiring Sirona Direct, Henry Schein has also
entered into an exclusive distribution agreement with Sirona Dental
Systems. Per the deal, Henry Schein will promote and distribute
Sirona's full line of dental equipment, including the CEREC CAD/CAM
system, to practitioners across France, including Paris and its
Over the past several years, Henry Schein has acquired several
other businesses in France with exclusive regional distribution
agreements for Sirona Dental Systems' products. These
buyouts, along with the latest acquisition and distribution
agreements, will now reaffirm Henry Schein's position as Sirona
Dental Systems' exclusive distributor to practitioners across the
Management at Henry Schein acknowledges the contribution of
Sirona's high-quality products to Henry Schein's ConnectDental
platform, which has been designed to bring innovative digital
dental solutions to practitioners in the rapidly evolving dental
With its headquarters in Paris and a showroom in Rouen, Sirona
Direct will become part of Henry Schein France, which has served
dental practitioners in the country for more than two decades.
Henry Schein expects the transaction to be neutral to its
earnings per share for the rest of 2014.
Both Henry Schein and Sirona Dental Systems currently carry a
Zacks Rank #3 (Hold).
Some better-ranked stocks worth considering in the
medical/dental supply industry include
The Cooper Companies Inc.
Milestone Scientific Inc.
). Both these stocks carry a Zacks Rank #2 (Buy).
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HENRY SCHEIN IN (HSIC): Free Stock Analysis
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SIRONA DENTAL (SIRO): Free Stock Analysis
MILESTONE SCI (MLSS): Get Free Report
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