Henry Schein Adds Dr. Louis Sullivan to Board of Directors
MELVILLE, N.Y., Apr 15, 2003 (BUSINESS WIRE) -- Henry Schein, Inc. (Nasdaq NM: HSIC): the largest provider of healthcare products and services to office-based practitioners in the combined North American and European markets, today announced the addition of Louis W. Sullivan, M.D. to its Board of Directors.
Dr. Sullivan is the former U.S. Secretary of Health and Human Services, and the founding Dean, Director, and President Emeritus of the Morehouse School of Medicine in Atlanta. Having served as Secretary of Health and Human Services under the first Bush Administration from 1989 to 1993, he managed the federal agency responsible for the nation's health, welfare, food and drug safety, medical research, and income security programs. In addition to the Henry Schein Board, Dr. Sullivan currently serves on the Boards of 3M Corporation, Bristol-Myers Squibb Company, CIGNA Corporation, Georgia-Pacific Corporation, and United Therapeutics Corporation. He also recently retired from the Board of Directors at General Motors Corporation after serving for eight years, and from Household International after nine years.
"It is a pleasure to welcome Dr. Sullivan to Henry Schein's Board of Directors," said Stanley M. Bergman, Chairman, Chief Executive Officer, and President of Henry Schein. "His wide-ranging experience in healthcare policy, practice, and education is unique, and he brings first-hand knowledge of corporate best practices as a seasoned board member of several world-class corporations. Dr. Sullivan joins our Board at a time when Henry Schein is well poised for future growth. Our Company operates in attractive markets, enjoys important competitive advantages, and has clear growth strategies for increasing profitability and shareholder value. We remain 100 percent committed to helping our customers succeed by offering them value-added solutions for providing quality care and running a more profitable and efficient practice. We look forward to Dr. Sullivan's guidance as we continue to execute these strategies."
"I am delighted to be joining the Henry Schein Board," said Dr. Sullivan. "The Company's success and its reputation for delivering the highest quality products and services to the nation's office-based dentists, physicians and veterinarians certainly is impressive. But equally important are the Company's dedication to integrity from a financial and regulatory standpoint, and its long-standing commitment to the healthcare providers it serves. I feel very comfortable being part of this organization, and look forward to helping it build upon this impressive heritage."
About Dr. Sullivan
Dr. Sullivan served as Secretary of Health and Human Services from 1989 to 1993. He is the founding Dean, Director, and President Emeritus of the Morehouse School of Medicine in Atlanta, and serves on the Board of Directors at 3M Corporation, Bristol-Myers Squibb Company, CIGNA Corporation, Georgia-Pacific Corporation, and United Therapeutics Corporation. He is also a former member of the Board of Directors at General Motors Corporation and Household International.
Dr. Sullivan played a crucial role in creating the Morehouse School of Medicine. In 1975, he became the founding Dean and Director of the Medical Education Program at Morehouse College. Three years later, the School of Medicine at Morehouse College admitted its first 24 students, when it opened as a two-year program in the basic medical sciences. He served as the first Dean and President when the School of Medicine became independent from Morehouse College in 1981. The School of Medicine was fully accredited as a four-year medical school in April 1985.
Dr. Sullivan returned to the Presidency of the Morehouse School of Medicine in 1993 after serving as the Secretary of Health and Human Services during the Bush Administration. He is currently working to develop a center at the Morehouse School of Medicine to focus on the AIDS epidemic in Africa and to study African-American health issues.
Born in Atlanta, Dr. Sullivan received a Bachelor of Science degree, magna cum laude, from Morehouse College, and earned his medical degree, cum laude, from Boston University. His internship and medical residency were at the New York Hospital-Cornell Medical Center. He is certified in internal medicine and hematology. His academic appointments include:
- 1963-1964: Instructor of Medicine at Harvard Medical School
- 1964-1966: Assistant Professor of Medicine at Seton Hall
College of Medicine
- 1966: Co-director of Hematology at Boston University
- 1967: Founder of the Boston University Hematology Service at
Boston City Hospital
- 1966-1975: Faculty member at Boston University School of Medicine
Dr. Sullivan was the founding President of the Association of Minority Health Professions Schools. He is a former member of the Joint Committee on Health Policy of the Association of American Universities and the National Association of Land Grant Colleges and Universities. He is also a member of the American Medical Association and the National Medical Association.
About Henry Schein, Inc.
Henry Schein, Inc. is the largest distributor of healthcare products and services to office-based healthcare practitioners in the combined North American and European markets. Recognized for its excellent customer service and low prices, the Company serves more than 400,000 customers worldwide, including dental practices and laboratories, physician practices and veterinary clinics, as well as government and other institutions.
The Company operates its four business groups - Dental, Medical, International and Technology - through a centralized and automated distribution network, which provides customers in more than 125 countries with a comprehensive selection of over 90,000 national and Henry Schein private-brand products. Henry Schein also offers a wide range of innovative value-added practice solutions, including such leading practice management software systems as DENTRIX(R) and Easy Dental(R) for dental practices, and AVImark(R) for veterinary clinics, which are installed in over 48,000 practices; and ArubA(R), Henry Schein's electronic catalog and ordering system.
Headquartered in Melville, New York, Henry Schein employs over 6,900 people in 16 countries. The Company's 2002 sales reached a record $2.8 billion. For more information, visit the Henry Schein Website at www.henryschein.com.
Certain information contained herein includes information that is forward-looking. The matters referred to in forward-looking statements may be affected by the risks and uncertainties involved in the Company's business. These forward-looking statements are qualified in their entirety by the cautionary statements contained in the Company's Securities and Exchange Commission filings.
Note: A photo is available at URL: http://www.businesswire.com/cgi-bin/photo.cgi?pw.041503/bb1
Henry Schein, Inc.
Steven Paladino, 631/843-5500
Executive Vice President and
Chief Financial Officer
Susan Vassallo, 631/843-5562
Manager, Investor and
Public Relations
svassa@henryschein.com