Canadian Subsidiary Will Now Offer CEREC CAD/CAM System and Schick Sensors
MELVILLE, N.Y.,June 28, 2017/PRNewswire/ — Henry Schein, Inc.,(Nasdaq: HSIC) the world’s largest provider of health care products and services to office-based dental, animal health, and medical practitioners, announced that it has extended its existing agreement in Canada withDENTSPLY SIRONA Inc.to include the CEREC CAD/CAM restoration system and the Schick line of imaging sensors.
This extension, which runs throughDecember 31, 2020, builds on an agreement in which Henry Schein’s Canadian dental subsidiary agreed to carry the entireDENTSPLY SIRONAproduct line with the exception of CEREC and Schick. With this new agreement,Henry Schein Canadawill represent the entireDENTSPLY SIRONAproduct line, effectiveSeptember 1, 2017. The revised agreement is expected to be neutral to Henry Schein’s earnings per share in 2017 and accretive thereafter.
“As part of our strategic effort to advance our leadership position in digital dentistry, Henry Schein will now representDENTSPLY SIRONA’sfull line of dental equipment in Canada,” saidStanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. “Our commitment is to offer a broad selection of products, equipment, and value-added services that enable our customers to run a more efficient practice so they can focus on providing high-quality care. With this agreement, Henry Schein will offer dentists and dental laboratories access to a greater selection of digital dental equipment solutions in Canada, including the leading CEREC brand of CAD/CAM products.”
Henry Schein Canada’sexisting agreement withDENTSPLY SIRONAwas established inAugust 2005.
“We have had a long and successful relationship in Canada withDENTSPLY SIRONA, and we are pleased to build on our relationship,” said Henry Schein Canada PresidentCy Elborne. “The Canadian market has embraced digital technology, and we look forward to offering our customers a wider selection of market-leading products to help transform their practices and laboratories to digital.”