Saying that the business no longer fits its long-term strategic plans, medical and dental supplier Henry Schein is divesting its $31 million PMA Bode business. Hamburg, Germany-based PMA Bode distributes X-ray film products and accessories to hospitals and other institutions in the German market.
Melville, NY-based Schein acquired the business as part of its January 1999 acquisition of the Heiland Group. This divestiture will not have an impact on future earnings. Schein will record a one-time, after-tax loss of approximately $2 million in the third quarter of 2003.