Dental distributor Henry Schein, Inc.(Melville, NY) announced that it has expanded its European operations through two strategic acquisitions.
The company acquired assets of dental equipment supplier Procare, a subsidiary of VDC plc in the United Kingdom. In addition, it entered the medical market in the UK with the purchase of a controlling interest in Porter Nash Limited, a London-based direct marketer and retailer of medical products. Both companies have combined revenues of $25 million, the company said.
Since 1990, Henry Schein has grown its international network through internal growth and acquisitions to 14 countries outside the United States, including Canada, the Netherlands, Spain, Belgium, the United Kingdom, Germany, France, Iceland, Israel, Ireland, Mexico, Austria, Australia and New Zealand. Henry Schein's European operations account for approximately 20% of the company's total revenues, according to the firm.
Sales for Henry Schein in 1998 were $1.9 billion.