Henry Schein Opens NASDAQ Stock Market to Mark 10 Years as a Publicly-Traded Company; Company Has Experienced Exponential Growth, Generated Record Profits since 1995 Debut
MELVILLE, N.Y.--(BUSINESS WIRE)--Nov. 30, 2005--Henry Schein, Inc. (NASDAQ: HSIC), the largest distributor of healthcare products and services to office-based practitioners in the combined North American and European markets, today celebrated its tenth anniversary as a publicly-traded company by opening The NASDAQ(R) Stock Market. Surrounded by senior Henry Schein executives and partners from the healthcare professions and public and private sectors, Henry Schein Chairman and Chief Executive Officer Stanley M. Bergman officially began the trading day at a ceremony at NASDAQ's MarketSite in New York City.
"It has been a wonderful 10 years for Henry Schein," said Mr. Bergman. "Since our first share of stock was traded on November 3, 1995, Team Schein has grown from 2,500 members to more than 11,000; we have expanded operations to now include 19 countries around the world; our sales have increased at a compound annual growth rate of nearly 23 percent; our market cap has grown from $300 million to $3.7 billion; and our stock value has climbed from $8 per share to $42.91 - a five-fold increase. Two years ago we were recognized as a Fortune 500 company, and we continue to grow steadily."
At a reception prior to the opening, Mr. Bergman discussed the Company's ongoing commitment to its five constituencies - shareholders, customers, vendors, Team Schein and society. Noting the importance of social responsibility, Mr. Bergman discussed Henry Schein Cares, the Company's global corporate citizenship program. He urged other CEOs to find ways to contribute the core competencies of their companies, and to forge strategic partnerships with other businesses, professional associations and the public sector.
"Whether it is providing disaster response and relief, supporting national public health initiatives, or initiating programs to help the less fortunate in their home communities, I encourage all executives to find ways for their companies to give back," said Mr. Bergman. "Our experience at Henry Schein, particularly our success over the past 10 years, has proven that Benjamin Franklin was right - a company can do well by doing good."
About Henry Schein, Inc.
Henry Schein, a Fortune 500(R) company, is recognized for its excellent customer service and highly competitive prices. The Company's four business groups--Dental, Medical, International and Technology--serve more than 475,000 customers worldwide, including dental practices and laboratories, physician practices and veterinary clinics, as well as government and other institutions. The Company's sales from continuing operations reached a record $3.9 billion in 2004. The Company operates through a centralized and automated distribution network, which provides customers in more than 125 countries with a comprehensive selection of over 160,000 national and Henry Schein private-brand products.
Henry Schein also offers a wide range of innovative value-added practice solutions for healthcare professionals, such as ArubA(R), the Company's electronic catalog and ordering system. Henry Schein's leading practice management software systems have been installed in more than 50,000 practices - DENTRIX(R) and Easy Dental(R) for dental practices, and AVImark(R) for veterinary clinics.
Headquartered in Melville, N.Y., Henry Schein employs nearly 11,000 people and operations in 19 countries. For more information, visit the Henry Schein Web site at www.henryschein.com.
CONTACT: Henry Schein, Inc.
Susan Vassallo, 631-843-5562
susan.vassallo@henryschein.com
SOURCE: Henry Schein, Inc.