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🠈  Henry Schein  🠊

Henry Schein

Henry Schein is a distributor of products for the medical industry. The company is headquartered in Melville, NY and trades on NASDAQ with the symbol HSIC. The company had a market value exceeding $10 billion when I visited their site in 2020.

In 2018 the veterinary service division of Henry Schein merged with a company called Vets First Choice. This merged company took the name Covetrus. Held an IPO on the NASDAQ with the symbol CVET. CVET's IPO price was $40. The stock fell to $8.84 in its first year of trade. The company had $1.27 billion in debt and an estimated market value of $1.5 billion when I investigated the company in January 2020.

Corporate History

This section shows select transactions in the corporate History of Henry Schein. The company began as a pharmacy in the 1930s and began selling through the mail. They added a line of dental and veterinary products in the 1940s and switched from sales to consumers to sales to medical practices in the 1950s.

Wikipedia claimed that HSIC acquired over 200 companies between 1989 and 2016.

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References:

  1. Business Wire - Covetrus Announced (Drawn 1/28/2020)
  2. Wikipedia - Henry Schein (Drawn 1/28/2020)
  3. Henry Schein - Our History (Drawn 1/28/2020)
  4. FTC - Benco/Shein/Patterson Timeline (Drawn 1/28/2020)
  5. Reuters - Vets First Choice and CDR (Drawn 1/28/2020)

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