International News

Henry Schein Completes Acquisition of Southern Anaesthesia + Surgical

henry-schein-logo

Office-based dentals, animal health and medical practitioners, dental laboratories, government and institutional health clinics and other alternative care sites obtain health care products and services from the world’s largest distributor, Henry Schein Inc. (HSIC). The company caters more than 1 million customers and contains more than 21,000 employees.

The company offers a wide variety of products and services, which includes value-added solutions for operating efficient practices and high quality care. Moreover, the company provides its customers with exclusive and innovative technology solutions, which includes practice management software and e-commerce services, as well as a wide range of financial amenities. Also, the company offers its customers 120,000 branded products and Henry Schein private-brand products to choose from as well as 180,000 additional products available on special orders.

Henry Schein has its headquarters in Melville, N.Y., with operations and affiliates in 33 countries. The affiliates and the headquarter communicate through a centralized and automated distribution network, progressing the company and making a record breaking sale of $11.6 billion in 2016. Furthermore, the company has been recorded to grow at a compound annual rate of 15% since it became public in 1995.

Henry Schein recently announced its acquisition of Southern Anaesthesia + Surgical (SAS), a prominent U.S. based company that supplies anaesthesia and surgical instruments to oral surgeons, dental anaesthesiologists, and periodontists.  It provides controlled as well as non-controlled pharmaceuticals and surgical supplies to around 11,500 customers, making a sale of $72 million as reported in 2016. This transaction was declared on 20th February 2017, with the rest financial details not disclosed.

Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein said, “We at Henry Schein are pleased to extend a warm welcome to our new colleagues from SAS as we unite two leading dental-surgical supply companies,”. “SAS’s loyal and long-standing customer relationships and ACE’s standing as a global leader in the dental market greatly enhance our ability to serve the needs of oral surgery practitioners across the U.S. Together, we are able to provide our customers with a wide range of products and value-added services, including bone regeneration materials, that will help them grow their business and provide high-quality care to their patients.”

SAS contains 88 members in its team and has headquarters in West Columbia, South Carolina, and warehouse and customer service facilities in Reno, Nevada, and Tulsa, Oklahoma. SAS will now come under a subsidiary of Henry Schein, Inc., ACE Surgical Supply Co., Inc. (ACE). Since 1967, ACE has been working on dental-surgical advancements and has become a world-wide top provider of bone regenerative products and compatible dental implant systems.  With its headquarters in Brockton, Massachusetts, ACE contains 93 employees who manage to deliver supplies to 120,000 dental professions in more than 20 countries every year.

Craig Carchidi, President of ACE said, “We very much look forward to our partnership with SAS,”. “By combining two well-known and respected brands, we will offer a broader product portfolio focused on the unique needs of the dental surgeon.”

The SAS business will be headed the same way by its present management team, chaired by Bill Alexander, the Vice President and General Manager.

Bill Alexander said, “We are delighted with the closing of the transaction and the opportunity to join forces with Henry Schein, the nation’s full-service dental leader,”. “Henry Schein’s well-earned global reputation for excellence in customer service with a commitment to quality patient care, practice success, and innovation, makes the company and its ACE subsidiary an ideal partner as we explore opportunities to serve and grow the SAS customer base.”

May 4, 2017
Dental is part of the Medical News Group of publications which in 1968 became the pioneer of medical journalism in Pakistan. Medical News is the only periodical in Pakistan which has 3 simultaneous editions from Karachi, Islamabad and online.

Sign up for Newsletter
Latest E-Paper
Like Us On Facebook
Stay Connected On Twitter