Henry Schein Plans To Spin Off And Merge Animal Health Business And List It On NASDAQ
January 09, 2019 at 12:00 am EST
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Henry Schein, Inc. (NasdaqGS:HSIC) is planning to spin off and merge its animal health business. Henry Schein, Inc has finalized the timeline details regarding the planned separation of its animal health business. HSIC will spin-off its animal health business and merge it with Vets First Choice on February 4, 2109. The combined company will be re-branded as Covetrus, Inc. (NASDAQ: “CVET”), whose shares will be listed on the NASDAQ.
Henry Schein, Inc. specializes in the distribution of care products and services intended for health professionals (doctors, surgeons, dentists, veterinary laboratories and clinics). Net sales break down by activity as follows:
- distribution of health care products and equipment (93.5%): dental products and equipment (65.4% of net sales; consumable products, laboratory equipment, print materials, implants, anesthetics, etc.) and medical equipment (34.6%; medicines, vaccines, vitamins, surgical material, diagnostic tests, etc.);
- other (6.5%): sale and integration of management software, financial, training, maintenance and equipment repair services.
The United States account for 69.9% of net sales.Henry Schein, Inc. specializes in the distribution of care products and services intended for health professionals (doctors, surgeons, dentists, veterinary laboratories and clinics). Net sales break down by activity as follows:
- distribution of health care products and equipment (93.5%): dental products and equipment (65.4% of net sales; consumable products, laboratory equipment, print materials, implants, anesthetics, etc.) and medical equipment (34.6%; medicines, vaccines, vitamins, surgical material, diagnostic tests, etc.);
- other (6.5%): sale and integration of management software, financial, training, maintenance and equipment repair services.
The United States account for 69.9% of net sales.
HENRY SCHEIN, INC. 
