Healthcare products and services provider Henry Schein today it has purchased Ortho Organizers, a full-line manufacturer and distributor of orthodontics products. Terms of the transaction were not disclosed; the acquisition is expected to be accretive to Henry Schein’s 2009 financial results.
Ortho Organizers, a privately owned company based in Carlsbad, CA, has about 200 employees, including 20 sales representatives. Its products are sold both domestically and internationally; 2008 sales were around $30 million,
“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” Stanley M. Bergman, chairman/CEO of Henry Schein, said in a release. “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 Guttroff’s responsibility at Ortho Organizers, he has been appointed president of Henry Schein’s new Global Dental Specialties Group. The unit was just formed to advance the company’s global orthodontic and implant sales.