Celerity Partners has sold Ortho Organizers to Henry Schein Inc. (Nasdaq: HSIC) for an undisclosed amount. Ortho Organizers is a Carlsbad, Calif.-based manufacturer and distributor of orthodontics products.
Henry Schein, Inc. (NASDAQ: HSIC), the largest provider of healthcare products and services to office-based practitioners in the combined North American and European markets, today announced the acquisition of Ortho Organizers, a full-line manufacturer and distributor of orthodontics products.
Ortho Organizers, a privately owned company with headquarters in Carlsbad, California, has approximately 200 employees, including 20 sales representatives. Sales in 2008 were approximately $30 million, and its products are sold both domestically and internationally. This acquisition is expected to be accretive to Henry Schein’s 2009 financial results. Terms of the transaction were not disclosed.
“Orthodontics is a $1.2 billion global market, including $600 million in the United States, and Ortho Organizers is highly regarded within this important market segment” said Stanley M. Bergman, Chairman and Chief Executive Officer of Henry Schein. “Ortho Organizers executives, including President and CEO George Guttroff, along with Henry Schein leadership will be working to develop the Henry Schein orthodontics platform. We are delighted to welcome our new colleagues from Ortho Organizers to Team Schein.”
In addition to Mr. Guttroff’s responsibility at Ortho Organizers, he has been appointed President of Henry Schein’s newly formed Global Dental Specialties Group, with responsibility for advancing the Company’s global orthodontic and implant sales.
Ortho Organizers offers the innovative Carriere LX® self-ligating bracket, which has been proven to shorten orthodontic procedure time and increase patient satisfaction. In today’s economic environment, this represents another way to help dentists operate more efficient and profitable practices. The market for self-ligating brackets in the United States and Canada is estimated to have grown by more than 40 percent from 2006 to 2007.
About Henry Schein
Henry Schein, a Fortune 500® company and a member of the NASDAQ 100® Index, is recognized for its excellent customer service and highly competitive prices. The Company’s four business groups – Dental, Medical, International and Technology – serve more than 575,000 customers worldwide, including dental practitioners and laboratories, physician practices and animal health clinics, as well as government and other institutions.
The Company operates through a centralized and automated distribution network, which provides customers in more than 200 countries with a comprehensive selection of more than 90,000 national and Henry Schein private-brand products in stock, as well as more than 100,000 additional products available as special-order items.
Henry Schein also offers a wide range of innovative value-added practice solutions for healthcare professionals, such as ArubA®, the Company’s electronic catalog and ordering system. Its leading practice-management software solutions have an active user base of more than 60,000 practices, including DENTRIX®, Easy Dental®, Oasis® and EXACT® for dental practices, MicroMD® for physician practices, and AVImark® for animal health clinics.
Headquartered in Melville, N.Y., Henry Schein employs over 12,500 people and has operations or affiliates in 23 countries. The Company’s net sales reached a record $6.4 billion in 2008. For more information, visit the Henry Schein Web site at www.henryschein.com.