Schein Family Members Sell 2.5 Million Shares of Henry Schein Common Stock
Company withdraws registration statement
Henry Schein, Inc. (Nasdaq: HSIC), the largest provider of healthcare supplies to office-based practitioners in the combined North American and European markets, today reported that Marvin Schein sold approximately 2.0 million shares of Henry Schein, Inc. common stock and other Schein family members sold approximately 500,000 shares of Company common stock (2.5 million aggregate) following the close of trading on September 24, 2001 in a transaction handled by UBS Warburg.Schein family members retain approximately 1.7 million shares of Company common stock (including approximately 400,000 shares retained by Marvin Schein) and have entered into agreements not to dispose of their remaining shares during the next 90 days.
In view of the sale transaction, the Company will withdraw the registration statement previously filed with the SEC and announced on June 12, 2001, which was to have been used to facilitate a public offering by the family members.
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 five business groups - Dental, Medical, Veterinary, International and Technology - through a centralized and automated distribution network, which provides customers in more than 125 countries with a comprehensive selection of over 80,000 national and Henry Schein private-brand products. Henry Schein also offers a wide range of innovative value-added practice solutions, such as its leading dental practice management software systems DENTRIX(R) and Easy Dental(R), which are installed in over 37,000 practices; and ArubA(R), Henry Schein's electronic catalog and ordering system. Headquartered in Melville, New York, Henry Schein employs over 6,500 people in 16 countries. The Company's 2000 sales reached a record $2.4 billion. For more information, visit the Henry Schein Web site 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.
CONTACT: Henry Schein, Inc. Steven Paladino, 631/843-5500 Susan Vassallo, 631/843-5562 svassa@henryschein.com