Henry Schein Acquires Regional Health Care Group, a Medical Distributor Serving … – Press Release

Henry Schein, Inc. HSIC, the world’s largest provider of health care products and services to office-based dental and medical practitioners, announced today the acquisition of Regional Health Care Group Pty Ltd (RHCG), a medical products distribution company serving public- and private-sector customers in Australia and New Zealand.

This press release features multimedia. View the full release here: https://ift.tt/a6Ks1IQ

Since 1998, Henry Schein has served the Australian and New Zealand dental market, providing a wide range of dental products, equipment, and services to dental professionals. The addition of RHCG expands Henry Schein’s offering to medical practitioners in the region.

Henry Schein acquired RHCG, which had sales for the 12 months ended June 30, 2022, of $42 million, from Maurie and Bernard Stang, who wholly owned the company and retain a minority interest in Henry Schein’s ANZ dental business. Henry Schein expects the transaction to be neutral to 2023 diluted earnings per share when excluding amortization expenses and accretive thereafter. Financial terms were not disclosed.

“We are pleased to welcome the Regional Health Care Group to Henry Schein,” said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. “Together, we will advance our long-standing goal of helping health care professionals operate more efficient practices by providing new solutions and technologies for the ultimate benefit of patients.”

Headquartered in Sydney, Australia, with an office in Auckland, New Zealand, RHCG offers a wide range of consumables, equipment, and pharmaceuticals – including many on an exclusive or semi-exclusive basis – primarily to public- and private-sector customers. The day-to-day operations of RHCG are led by General Manager Stephen Doorey, who will continue to manage the business under the highly regarded Regional Health Care Group brand. Mr. Doorey will report to Mike…

The post Henry Schein Acquires Regional Health Care Group, a Medical Distributor Serving … – Press Release appeared first on CaymanMama.com.

from CaymanMama.com https://ift.tt/mQKJowl