Schein to swallow another

Another week, another Henry Schein acquisition. This week the medical, dental, and veterinary supplies merchant is setting its sights down under: Henry Schein has announced it intends to make an offer to acquire Software of Excellence International Ltd., a New Zealand publicly listed company with revenue from continuing operations of about $19.1 million for its year ended March 31.

Software of Excellence provides clinical and practice management solutions to dental professionals to more than 5,000 practices in the U.K., Ireland, Australia, and New Zealand; it is also the largest supplier of dental software in Australia and New Zealand. “Software of Excellence is well respected in these markets and will be an important addition to Henry Schein’s current technology platform, enhancing the value-added services proposition to our customers,” said Stanley M. Bergman, chairman/CEO of Henry Schein in a statement. “Our intention would be to have the management team of Software of Excellence join Henry Schein and keep Software of Excellence’s existing infrastructure substantially intact.”

Melville, NY-based Henry Schein on June 11 delivered a formal takeover notice to Software of Excellence, which commences the takeover process under New Zealand takeover rules. If completed, the total purchase price excluding transaction costs will be approximately $58.0 million, expected to be paid in cash. Henry Schein expects the proposed transaction to be neutral to 2007 earnings and slightly accretive to 2008 earnings.

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.