Henry Schein Acquires Custom Automated Prosthetics
The Addition of Custom Automated Prosthetics to Zahn Dental Strengthens Henry Schein's Commitment to Digital Solutions for U.S. Dental Laboratories
MELVILLE, N.Y., June 2, 2016 – Henry Schein, Inc. (Nasdaq: HSIC), the world's largest provider of health care products and services to office-based dental, animal health and medical practitioners, announced today that its laboratory supply business, Zahn Dental, acquired Custom Automated Prosthetics (CAP), a digital laboratory supply company serving U.S. dental labs. The addition of CAP to Henry Schein's laboratory supply business will provide a full suite of innovative, interoperable solutions, services and support that meet the individual needs of dental laboratory customers.
Founded in 2010 with headquarters in Stoneham, Massachusetts, CAP had sales for 2015 of approximately $30 million and has more than 60 employees. CAP offers CAD/CAM equipment including integrated milling systems, scanners and printers, as well as a full line of zirconia materials. CAP's milling center features crowns, bridges, models, surgical guides and design services. Financial terms of the transaction were not disclosed.
Bob Cohen, President and Co-Founder, and Rob Nazzal, CEO and Co-Founder of CAP, will join Henry Schein and bring with them significant dental laboratory and digital dentistry experience.
"CAP is a successful digital solutions provider to the dental laboratory market and their business is highly complementary to our Zahn Dental and Custom Milling Center business. CAP will bring to Henry Schein a highly-trained and experienced customer service and training support team," said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. "In offering core laboratory products, digital products and milling services, Henry Schein will strengthen its relationships with dental laboratory customers, as well as with our laboratory supplier partners, as we continue to lead the transition to digital dental technology. We welcome Bob, Rob and their colleagues to Team Schein."
About Zahn Dental
Zahn Dental, the laboratory business of Henry Schein, is the largest distributor to dental laboratories in North America, and the world's largest distributor of removable prosthetic teeth and independent milling center. The business offers integrated solutions, cost-effective innovative products, breakthrough technologies and value-added services designed to enhance laboratory-management efficiency and profitability.
Zahn specialists, consultants and technicians are highly trained to help laboratories achieve professional goals with unique solutions. Zahn bridges the gap between dental practices and dental laboratories by leveraging the full-service ConnectDental® platform that helps laboratories communicate more seamlessly with clinicians who embrace digital impressions and other digital workflow.
About Henry Schein, Inc.
Henry Schein, Inc. (Nasdaq: HSIC) is the world's largest provider of health care products and services to office-based dental, animal health and medical practitioners. The Company also serves dental laboratories, government and institutional health care clinics, and other alternate care sites. A Fortune 500® Company and a member of the S&P 500® and the Nasdaq 100® indexes, Henry Schein employs nearly 19,000 Team Schein Members and serves more than 1 million customers.
The Company offers a comprehensive selection of products and services, including value-added solutions for operating efficient practices and delivering high-quality care. Henry Schein operates through a centralized and automated distribution network, with a selection of more than 110,000 branded products and Henry Schein private-brand products in stock, as well as more than 150,000 additional products available as special-order items. The Company also offers its customers exclusive, innovative technology solutions, including practice management software and e-commerce solutions, as well as a broad range of financial services.
in Melville, N.Y., Henry Schein has operations or affiliates in 33
countries. The Company's sales reached a record $10.6 billion in 2015, and
have grown at a compound annual rate of approximately 15 percent since Henry
Schein became a public company in 1995. For more information, visit Henry
Schein at www.henryschein.com, Facebook.com/HenrySchein and @HenrySchein on Twitter.