Henry Schein, Inc

Henry Schein is a health care solutions company that distributes products and provides services primarily to office-based dental and medical practitioners, as well as alternate sites of care. It combines broad consumables and equipment distribution with specialty manufacturing and practice software, positioning itself as a single-source supplier for clinical and practice-management needs.

7,3 %

31,1 %

3,0 %

+4,0 %

1.38

0.76

— Henry Schein, Inc
%
Global Distribution and Value-Added Services72% Distribution of branded and corporate-brand consumables, equipment, pharmaceuticals, and related services for dental and medical practices.
Global Specialty Products18% Manufactured and specialty dental and health care products including implants, biomaterials, endodontic, orthodontic, and orthopedic offerings.
Global Technology8% Practice management software, cloud-based tools, revenue cycle management, and patient relationship solutions.
Home Health and Alternate Care2% Medical supplies and devices delivered directly to patients and alternate care settings through the distribution network.

The company sells to a wide base of office-based health care providers, including dental practices, physician...

  • Dental practicesprimary

    Buy consumables, equipment, implants, biomaterials, and software to run chairside operations and improve practice efficiency.

  • Physician practices and ambulatory surgery centersprimary

    Buy medical supplies, pharmaceuticals, equipment, and service support for office-based and outpatient care.

  • DSOs, GPOs, and managed care organizationsprimary

    Buy at scale for multiple locations and value competitive pricing, centralized ordering, and management information support.

  • Labs, institutional clinics, and alternate care providerssecondary

    Buy recurring supplies and services for specialized care settings and non-hospital delivery models.

  • Home health patients and providerssecondary

    Buy direct-to-patient medical supplies and devices for chronic care and home-based treatment adherence.

Henry Schein is headquartered in Melville, New York and operates in 34 countries and territories, with a workforce...

  • Headquartered in Melville, New York, with global operations in 34 countries and territories
  • About 48% of employees are based in the United States and 52% outside the U.S.
  • 38 distribution centers support rapid fulfillment and local inventory availability
  • 17 manufacturing facilities support specialty products and corporate-brand offerings
  • North America and Europe are key markets for dental and medical distribution

The company is focused on being a single-source supplier by combining broad distribution, specialty products, and...

01
Broaden the integrated product-and-service platformmedium-term

A wider offering increases customer stickiness and supports cross-selling across dental and medical accounts.

02
Grow cloud-based and recurring technology revenuemedium-term

Software and revenue cycle management carry higher margins and deepen workflow integration with customers.

03
Use acquisitions to expand footprint and product accessmedium-term

Acquisitions can add customers, sales teams, and new technologies faster than organic growth alone.

04
Improve operating efficiency and fulfillment reliabilityshort-term

Distribution economics depend on inventory availability, logistics, and service quality.

The business depends on third-party suppliers for a large share of distributed products and raw materials, so supply...

high

Third-party supplier concentration and supply disruption

The company sources a significant volume of products from external suppliers without long-term contracts.

Scope
Top 10 Global Distribution and Value-Added Services suppliers accounted for about 24% of purchases
Materiality
High
high

Manufacturers selling direct to end customers

Direct sales can reduce the role of distributors and compress margins in dental and medical categories.

Scope
Particularly relevant in dental specialty products and some medical categories
Materiality
High
high

Cybersecurity and data breach exposure

The company processes sensitive health, billing, and patient data across global systems.

Scope
Residual impact from the October 2023 cybersecurity incident
Materiality
High
medium

Competitive pricing pressure

Customers can source many products from multiple distributors and online channels.

Scope
Broad product categories and e-commerce channels
Materiality
High
medium

Acquisition and integration execution

Growth strategy relies partly on acquisitions that must be integrated into sales, systems, and operations.

Scope
Customer, technology, and geographic expansion deals
Materiality
Medium
Seasonality and working capital
Quarterly cash flow and balance-sheet comparability
Goodwill and intangible asset impairment
Potential non-cash charges to earnings
Redeemable noncontrolling interests
Can change equity and reported obligations
Restructuring and exit costs
Affects operating expense trends and comparability

: 11/08/2026