Henry Schein acquires majority interest in Cliniclands in Sweden, Denmark and Norway
Based in Trelleborg, Sweden, Cliniclands represents the first presence of Henry Schein Dental in Scandinavia and offers a wide range of dental consumables, implants, prosthetic and orthodontic solutions as well as small and office equipment.
Cliniclands had sales for the 12 months ended March 31, 2019, of approximately $9.5 million.
With the addition of Cliniclands, Henry Schein now has operations in 32 countries around the world.
Henry Schein expects this transaction will be neutral to 2019 earnings per diluted share and accretive thereafter.
The three founders Falk Andersson, Chief Executive Officer, Niklas Schori, Chief Operating Officer, and Daniel Skoglund, Head of Sales will continue to lead the business and own the remaining equity stake in Cliniclands, which Henry Schein may acquire under various options after the next three and five years.
Financial terms were not disclosed. ■