Henry Schein To Open Nasdaq Stock Market In Celebration Of Its 20th Anniversary As A Publicly Traded Company
MELVILLE, N.Y., May 10, 2016 /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, will open the Nasdaq Stock Market today in celebration of its 20th anniversary as a publicly traded company. In honor of the occasion, Team Schein will lead the celebration, joined by Nasdaq President and Chief Operating Officer Adena Friedman, as well as customers, suppliers, investors and leaders from the health care profession.
"Twenty years ago, we had a vision of what Henry Schein could become," said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. "Since then, more and more people have joined us in sharing that vision, in building our company, and in expanding our presence in the global markets we serve. We have demonstrated that companies can successfully serve shareholders while also serving society. We have dreamed big and built something great over the past 20 years, with the support of nearly 19,000 Team Schein Members, our supplier partners and our customers. Today, we are pleased to join our partners at Nasdaq, home to many of the world's most innovative companies, to mark this momentous occasion in the history of Henry Schein."
In the initial public offering, Henry Schein raised $72.8 million. At that time, Henry Schein's sales were $616 million, with a market capitalization of $288 million and approximately 3,200 Team Schein Members. In 2015, Henry Schein reported record sales of $10.6 billion, and its market cap currently stands at $14.1 billion. The company has more than one million customers and has operations or affiliates in 33 countries.
For 15 consecutive years, Henry Schein has been named to the FORTUNE® "World's Most Admired Companies" list and for five consecutive years, it has been named one of the World's Most Ethical Companies by the Ethisphere Institute. Ranked #287 on the Fortune 500 List, the Company is a member of the Nasdaq 100 Index and S&P 500 Index.
"For 20 years, we have watched Henry Schein achieve new heights and expand its global reach, all while giving back to the industries and communities it serves," Ms. Friedman said. "We are pleased to welcome the Henry Schein team to the Nasdaq MarketSite in celebration of 20 years of success."
Mr. Bergman will open the Nasdaq Stock Market at 9:30 a.m. at 4 Times Square in New York City, New York. A live webcast will be available at https://www.facebook.com/henryschein. For multimedia features, such as exclusive content, photo postings, status updates and video of ceremonies, please visit http://www.facebook.com/Nasdaq or for news tweets, visit http://twitter.com/nasdaqomx.
About Henry Schein, Inc.
Henry Schein, Inc. (Nasdaq:HSIC) is the world's largest provider of health care products and services to office-based dental, animal health and medical practitioners. The Company also serves dental laboratories, government and institutional health care clinics, and other alternate care sites. A Fortune 500® Company and a member of the S&P 500® and the Nasdaq 100® indexes, Henry Schein employs nearly 19,000 Team Schein Members and serves more than one million customers.
The Company offers a comprehensive selection of products and services, including value-added solutions for operating efficient practices and delivering high-quality care. Henry Schein operates through a centralized and automated distribution network, with a selection of more than 110,000 branded products and Henry Schein private-brand products in stock, as well as more than 150,000 additional products available as special-order items. The Company also offers its customers exclusive, innovative technology solutions, including practice management software and e-commerce solutions, as well as a broad range of financial services.
Headquartered in Melville, N.Y., Henry Schein has operations or affiliates in 33 countries. The Company's sales reached a record $10.6 billion in 2015, and have grown at a compound annual rate of approximately 15 percent since Henry Schein became a public company in 1995. For more information, visit Henry Schein at www.henryschein.com, Facebook.com/HenrySchein and @HenrySchein on Twitter.
SOURCE Henry Schein, Inc.
Share this article