Henry Schein Completes Acquisition of RxWorks
MELVILLE, N.Y. - 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 today that it has completed its acquisition of RxWorks, Inc., a leading provider of veterinary practice management software primarily to customers in Australia, New Zealand, the UK, the Netherlands, and other countries around the world.
Founded in 1988 with headquarters in Brisbane, Queensland, Australia, RxWorks has 68 Team Members and an installed base of more than 1,500 veterinary clinics. The company had sales for the 12 months ended June 30, 2015 of approximately $7 million. RxWorks will continue to be led by its current management team, and become part of Henry Schein's Global Animal Health Practice Solutions business.
"We are delighted to welcome RxWorks to Team Schein," said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer, Henry Schein, Inc. "RxWorks is a wonderful complement to our growing animal health technology business. We look forward to deepening relationships with the individual and large group practices served by RxWorks, as we introduce these valued customers to Henry Schein's full range of additional products and services for helping practitioners operate successful practices and deliver quality care."
RxWorks provides veterinary practices with software solutions and content that address clinical and business needs, such as billing, automatic appointment reminders, and tracking of patient progress through the practice workflow to avoid inefficiency.
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 SP 500® and the NASDAQ 100® indexes, Henry Schein employs more than 18,000 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 100,000 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 $10.4 billion in 2014, and have grown at a compound annual rate of approximately 16 percent since Henry Schein became a public company in 1995. For more information, visit Henry Schein at www.henryschein.com.
SOURCE Henry Schein, Inc.
CONTACT: Investors, Steven Paladino, Executive Vice President and Chief Financial Officer, steven.paladino@henryschein.com (631) 843-5500; Carolynne Borders, Vice President, Investor Relations, carolynne.borders@henryschein.com (631) 390-8105; Media; Susan Vassallo, Vice President, Corporate Communications, susan.vassallo@henryschein.com (631) 843-5562
Web Site: http://www.henryschein.com Â
