UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)       May 4, 2009
                                                   -------------------


                               HENRY SCHEIN, INC.
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             (Exact name of registrant as specified in its charter)



          DELAWARE                       0-27078                 11-3136595
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(State or other jurisdiction         (Commission File          (IRS Employer
     of incorporation)                    Number)           Identification No.)


   135 DURYEA ROAD, MELVILLE, NEW YORK                                   11747
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(Address of principal executive offices)                             (Zip Code)

Registrant's telephone number, including area code   (631) 843-5500
                                                    -----------------


                                 NOT APPLICABLE
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         (Former name or former address, if changed since last report.)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))



Item 2.02. Results of Operations and Financial Condition. On May 4, 2009, Henry Schein, Inc. issued a press release reporting the financial results for the three months ended March 28, 2009. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. Item 9.01. Financial Statements and Exhibits. (a) Not applicable. (b) Not applicable. (c) Not applicable. (d) Exhibit 99.1 - Press Release dated May 4, 2009. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HENRY SCHEIN, INC. By: /s/ Steven Paladino ------------------------------------ Steven Paladino Executive Vice President and Chief Financial Officer (principal financial and accounting officer) May 4, 2009 EXHIBIT INDEX Exhibit No. Description 99.1 Press Release dated May 4, 2009.

                                  HENRY SCHEIN
                                  NEWS RELEASE
        Henry Schein, Inc. - 135 Duryea Road - Melville, New York 11747


FOR IMMEDIATE RELEASE


                  HENRY SCHEIN REPORTS FIRST QUARTER RESULTS
             EPS from continuing operations increases 14% to $0.64,
                        excluding restructuring costs
                        Company affirms 2009 guidance


MELVILLE, N.Y. - May 4, 2009 - Henry Schein, Inc. (NASDAQ: HSIC), the largest
provider of healthcare products and services to office-based practitioners,
today reported financial results for the quarter ended March 28, 2009.
         Net sales for the first quarter of 2009 were $1.5 billion, a decrease
of 2.2% compared with the first quarter of 2008.  This consists of 5.5% growth
in local currencies offset by a 7.7% decline related to foreign currency
exchange (see Exhibit A for details of sales growth).
         Income from continuing operations attributable to Henry Schein, Inc.
for the first quarter of 2009 was $54.9 million, or $0.61 per diluted share.
These results include restructuring costs of $4.0 million (or $0.03 per diluted
share, after-tax) related to the completion of the expense reduction program
announced in November 2008.  Excluding the impact of these restructuring costs,
income from continuing operations attributable to Henry Schein, Inc. for the
quarter was $57.6 million, or $0.64 per diluted share, an increase of 11.9% and
14.3%, respectively, compared with the first quarter of 2008 (see Exhibit B for
reconciliation of GAAP net income and EPS to non-GAAP adjusted net income and
EPS).
         Income from continuing operations for the first quarter of 2008 has
been restated for the adoption of FASB Staff Position APB 14-1, which requires
the recognition of non-cash interest expense related to convertible debt.  The
impact of this adoption decreased first quarter 2008 diluted EPS by
approximately $0.01.
         "With market conditions largely as we expected during the quarter, we
remain committed to managing expenses and delivering growth in diluted EPS from
continuing operations," said Stanley M. Bergman, Chairman and Chief Executive
Officer of Henry Schein.  "Our operating margin excluding restructuring costs
once again expanded, up 77 basis points for the quarter to 6.4%. This is
primarily a reflection of effective expense management.  We continue to have a
very strong balance sheet with $308 million in cash at quarter-end, and access
to capital at favorable terms."




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Dental Group sales of $597 million declined 2.4%, consisting of a 0.4% decline in local currencies and a 2.0% decline related to foreign currency exchange. The 0.4% decline in local currencies consists of 1.0% growth in Dental consumable merchandise sales and a 5.1% decline in Dental equipment sales and service revenues. Medical Group sales of $327 million declined 1.2%, and were negatively impacted by higher sales of private label products, increased sales of generic pharmaceuticals, and manufacturer shortages of certain vaccines. International Group sales of $524 million declined 3.0%, consisting of 16.2% growth in local currencies and a 19.2% decline related to foreign currency exchange. "International internal sales growth in local currencies was nearly 6%, reflecting particular strength in Australia and New Zealand, as well as with our European veterinary business," added Mr. Bergman. "We were encouraged by the excellent attendance at the biennial International Dental Show held late in the quarter in Cologne, Germany, which is one of the largest and most important gatherings of dentists from across Europe. Our booth was busy, and equipment orders exceeded those received at the 2007 show." Technology and Value-Added Services Group sales of $40 million increased 3.9% during the quarter, consisting of 8.8% growth in local currencies and a 4.9% decline related to foreign currency exchange. "Our electronic services business was particularly strong during the quarter, up more than 20%, while financial services revenue reflects 3.5% growth in equipment and practice financing," stated Mr. Bergman. Restructuring Costs The Company recorded $4.0 million of costs in the first quarter of 2009 for restructuring actions taken to complete the expense reduction program initiated in the fourth quarter of 2008. The program, which resulted in the elimination of approximately 400 positions and the closure of several smaller facilities, is now complete and is expected to provide approximately $24 to $27 million in annual pretax cost savings. 2009 EPS Guidance Henry Schein today affirmed 2009 financial guidance, as follows: o 2009 diluted EPS attributable to Henry Schein, Inc. is expected to be $3.11 to $3.26, representing growth of 7% to 12% compared with restated 2008 results of $2.92, excluding charges related to the Lehman Brothers bankruptcy as well as restructuring costs. The 2009 2 -more-

guidance also excludes the effects of restructuring costs. o Guidance for 2009 diluted EPS attributable to Henry Schein, Inc. is for current continuing operations including completed or previously announced acquisitions, and does not include the impact of potential future acquisitions, if any. First Quarter Conference Call Webcast The Company will hold a conference call to discuss first quarter financial results today, beginning at 10:00 a.m. Eastern time. Individual investors are invited to listen to the conference call over the Internet through Henry Schein's Web site at www.henryschein.com. In addition, a replay will be available beginning shortly after the call has ended. About Henry Schein Henry Schein, a Fortune 500(R) company and a member of the NASDAQ 100(R) Index, 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 575,000 customers worldwide, including dental practitioners and laboratories, physician practices and animal health clinics, as well as government and other institutions. The Company operates through a centralized and automated distribution network, which provides customers in more than 200 countries with a comprehensive selection of more than 90,000 national and Henry Schein private- brand products in stock, as well as more than 100,000 additional products available as special-order items. 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. Its leading practice-management software solutions have an active user base of more than 60,000 practices, including DENTRIX(R), Easy Dental(R), Oasis(R) and EXACT(R) for dental practices, MicroMD(R) for physician practices, and AVImark(R) for animal health clinics. Headquartered in Melville, N.Y., Henry Schein employs over 12,500 people and has operations or affiliates in 23 countries. The Company's net sales reached a record $6.4 billion in 2008. For more information, visit the Henry Schein Web site at www.henryschein.com. 3 - more -

In accordance with the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, we provide the following cautionary remarks regarding important factors that, among others, could cause future results to differ materially from the forward-looking statements, expectations and assumptions expressed or implied herein. All forward-looking statements made by us are subject to risks and uncertainties and are not guarantees of future performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward- looking statements. These statements are identified by the use of such terms as "may," "could," "expect," "intend," "believe," "plan," "estimate," "forecast," "project," "anticipate" or other comparable terms. A full discussion of our operations and financial condition, including factors that may affect our business and future prospects, is contained in documents we have filed with the SEC and will be contained in all subsequent periodic filings we make with the SEC. These documents identify in detail important risk factors that could cause our actual performance to differ materially from current expectations. Risk factors and uncertainties that could cause actual results to differ materially from current and historical results include, but are not limited to: decreased customer demand and changes in vendor credit terms; disruptions in financial markets; general economic conditions; competitive factors; changes in the healthcare industry; changes in regulatory requirements that affect us; risks associated with our international operations; fluctuations in quarterly earnings; our dependence on third parties for the manufacture and supply of our products; transitional challenges associated with acquisitions, including the failure to achieve anticipated synergies; financial risks associated with acquisitions; regulatory and litigation risks; the dependence on our continued product development, technical support and successful marketing in the technology segment; our dependence upon sales personnel and key customers; our dependence on our senior management; possible increases in the cost of shipping our products or other service issues with our third-party shippers; risks from rapid technological change; risks from potential increases in variable interest rates; possible volatility of the market price of our common stock; certain provisions in our governing documents that may discourage third-party acquisitions of us; and changes in tax legislation that affect us. The order in which these factors appear should not be construed to indicate their relative importance or priority. We caution that these factors may not be exhaustive and that many of these factors are beyond our ability to control or predict. Accordingly, any forward- looking statements contained herein should not be relied upon as a prediction of actual results. We undertake no duty and have no obligation to update forward- looking statements. (TABLES TO FOLLOW) 4 - more -

HENRY SCHEIN, INC. CONSOLIDATED STATEMENTS OF INCOME (in thousands, except per share data) (unaudited) Three Months Ended ------------------------------ March 28, March 29, 2009 2008 -------------- -------------- Net sales ...................................................... $ 1,488,605 $ 1,521,777 Cost of sales .................................................. 1,047,595 1,071,146 -------------- -------------- Gross profit ............................................ 441,010 450,631 Operating expenses: Selling, general and administrative ........................ 346,080 365,356 Restructuring costs ........................................ 4,043 -- -------------- -------------- Operating income ........................................ 90,887 85,275 Other income (expense): Interest income ............................................ 2,801 3,983 Interest expense ........................................... (6,814) (8,167) Other, net ................................................. (17) (383) -------------- -------------- Income from continuing operations before taxes, noncontrolling interest and equity in earnings of affiliates ................................. 86,857 80,708 Income taxes ................................................... (28,922) (27,446) Equity in earnings of affiliates ............................... 1,365 1,510 -------------- -------------- Income from continuing operations .............................. 59,300 54,772 Loss from discontinued operations, net of tax .............. -- (82) -------------- -------------- Net income ..................................................... 59,300 54,690 Less: Net income attributable to noncontrolling interests .. (4,449) (3,250) -------------- -------------- Net income attributable to Henry Schein, Inc. .................. $ 54,851 $ 51,440 ============== ============== Amounts attributable to Henry Schein, Inc.: Income from continuing operations ............................ $ 54,851 $ 51,522 Loss from discontinued operations, net of tax ................ -- (82) -------------- -------------- Net income ................................................... $ 54,851 $ 51,440 ============== ============== Earnings per share attributable to Henry Schein, Inc.: From continuing operations: Basic ..................................................... $ 0.62 $ 0.58 ============== ============== Diluted ................................................... $ 0.61 $ 0.56 ============== ============== From discontinued operations: Basic ..................................................... $ 0.00 $ 0.00 ============== ============== Diluted ................................................... $ 0.00 $ 0.00 ============== ============== From net income: Basic ..................................................... $ 0.62 $ 0.58 ============== ============== Diluted ................................................... $ 0.61 $ 0.56 ============== ============== Weighted-average common shares outstanding: Basic ...................................................... 88,731 89,223 ============== ============== Diluted .................................................... 89,589 92,259 ============== ============== Note: The above prior period amounts have been restated to reflect the effects of discontinued operations, the adoption of FASB Staff Position APB 14-1 related to convertible debt and FAS 160 related to the presentation of noncontrolling interests. 5 - more -

HENRY SCHEIN, INC. CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share data) March 28, December 27, 2009 2008 ------------- ------------- (unaudited) ASSETS Current assets: Cash and cash equivalents .................................................. $ 308,156 $ 369,570 Accounts receivable, net of reserves of $43,966 and $42,855 ................ 677,193 734,027 Inventories, net ........................................................... 740,947 731,654 Deferred income taxes ...................................................... 37,386 36,974 Prepaid expenses and other ................................................. 176,634 193,841 ------------- ------------- Total current assets ............................................... 1,940,316 2,066,066 Property and equipment, net .................................................... 242,175 247,835 Goodwill ....................................................................... 899,884 922,952 Other intangibles, net ......................................................... 203,163 214,093 Investments and other .......................................................... 147,006 148,264 ------------- ------------- Total assets ....................................................... $ 3,432,544 $ 3,599,210 ============= ============= LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable ........................................................... $ 426,066 $ 554,773 Bank credit lines .......................................................... 1,911 4,936 Current maturities of long-term debt ....................................... 155,044 156,405 Accrued expenses: Payroll and related ..................................................... 106,768 135,523 Taxes ................................................................... 84,304 69,792 Other ................................................................... 237,792 262,236 ------------- ------------- Total current liabilities .......................................... 1,011,885 1,183,665 Long-term debt ................................................................. 256,333 256,648 Deferred income taxes .......................................................... 86,135 95,399 Other liabilities .............................................................. 56,131 58,109 Commitments and contingencies Stockholders' equity: Preferred stock, $.01 par value, 1,000,000 shares authorized, none outstanding ........................................................ -- -- Common stock, $.01 par value, 240,000,000 shares authorized, 90,150,568 outstanding on March 28, 2009 and 89,351,849 outstanding on December 27, 2008 ............................. 902 894 Additional paid-in capital .................................................. 729,939 725,540 Retained earnings ........................................................... 1,236,305 1,181,454 Accumulated other comprehensive income (loss) ............................... (15,580) 29,721 ------------- ------------- Total Henry Schein, Inc. stockholders' equity ............................... 1,951,566 1,937,609 Noncontrolling interest ..................................................... 70,494 67,780 ------------- ------------- Total stockholders' equity ......................................... 2,022,060 2,005,389 ------------- ------------- Total liabilities and stockholders' equity ......................... $ 3,432,544 $ 3,599,210 ============= ============= Note: The above prior period amounts have been restated to reflect the adoption of FASB Staff Position APB 14-1 related to convertible debt and FAS 160 related to the presentation of noncontrolling interests. 6 - more -

HENRY SCHEIN, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) Three Months Ended ----------------------------- March 28, March 29, 2009 2008 ------------- ------------- Cash flows from operating activities: Net income attributable to Henry Schein, Inc. .............................. $ 54,851 $ 51,440 Adjustments to reconcile net income attributable to Henry Schein, Inc. to net cash provided by (used in) operating activities: Depreciation and amortization ....................................... 19,921 19,438 Amortization of bond discount ....................................... 1,464 1,382 Stock-based compensation expense .................................... 6,067 9,260 Provision for losses on trade and other accounts receivable ......... 1,186 1,137 Benefit from deferred income taxes .................................. (5,485) (3,809) Undistributed earnings of affiliates ................................ (1,365) (1,510) Net income attributable to noncontrolling interests ................. 4,449 3,250 Other ............................................................... 1,616 (426) Changes in operating assets and liabilities, net of acquisitions: Accounts receivable ........................................... 43,397 16,504 Inventories ................................................... (21,039) (21,087) Other current assets .......................................... 12,669 2,514 Accounts payable and accrued expenses ......................... (144,859) (64,720) ------------- ------------- Net cash provided by (used in) operating activities ............................ (27,128) 13,373 ------------- ------------- Cash flows from investing activities: Purchases of fixed assets ................................................. (12,866) (13,743) Payments for equity investment and business acquisitions, net of cash acquired ................................................... (13,743) (8,524) Purchases of available-for-sale securities ................................ -- (35,925) Proceeds from sales of available-for-sale securities ...................... 2,740 847 Net proceeds from (payments for) foreign exchange forward contract settlements ................................................... 283 (2,004) Other ..................................................................... (4,294) (768) ------------- ------------- Net cash used in investing activities .......................................... (27,880) (60,117) ------------- ------------- Cash flows from financing activities: Repayments of bank borrowings ............................................. (3,189) (3,919) Principal payments for long-term debt ..................................... (1,712) (973) Proceeds from issuance of stock upon exercise of stock options ............ 377 7,172 Excess tax benefits related to stock-based compensation ................... 180 3,429 Other ..................................................................... (2,090) (424) ------------- ------------- Net cash provided by (used in) financing activities ............................ (6,434) 5,285 ------------- ------------- Net change in cash and cash equivalents ........................................ (61,442) (41,459) Effect of exchange rate changes on cash and cash equivalents ................... 28 (3,095) Cash and cash equivalents, beginning of period ................................. 369,570 247,590 ------------- ------------- Cash and cash equivalents, end of period ....................................... $ 308,156 $ 203,036 ============= ============= Note: The above prior period amounts have been restated to reflect the adoption of FASB Staff Position APB 14-1 related to convertible debt and FAS 160 related to the presentation of noncontrolling interests. 7 - more -

Exhibit A Henry Schein, Inc. 2009 First Quarter Sales Growth Rate Summary (unaudited) Q1 2009 over Q1 2008 -------------------- Consolidated Dental Medical International Technology ------------ ----------- ------------ ------------- ------------ Internal Sales Growth 0.5% -3.0% -2.4% 5.8% 8.8% Acquisitions 5.0% 2.6% 1.2% 10.4% 0.0% ------------ ----------- ------------ ------------- ------------ Local Currency Sales Growth 5.5% -0.4% -1.2% 16.2% 8.8% Foreign Currency Exchange -7.7% -2.0% 0.0% -19.2% -4.9% ------------ ----------- ------------ ------------- ------------ Total Sales Growth -2.2% -2.4% -1.2% -3.0% 3.9% ============ =========== ============ ============= ============ 8 - more -

Exhibit B Henry Schein, Inc. 2009 First Quarter Reconciliation of GAAP results of continuing operations to non-GAAP results of continuing operations (in thousands, except per share data) (unaudited) First Quarter % 2009 2008 Growth From Continuing Operations - ---------------------------------------------------------------------------------------------- Net Sales $1,488,605 $1,521,777 -2.2% Operating Income 90,887 85,275 6.6% Margin 6.1% 5.6% 50 bp Income from Continuing Operations attributable to Henry Schein, Inc. $ 54,851 $ 51,522 6.5% Diluted EPS from Continuing Operations attributable to Henry Schein, Inc. 0.61 0.56 8.9% Net Income attributable to Henry Schein, Inc. 54,851 51,440 6.6% Diluted EPS 0.61 0.56 8.9% - ---------------------------------------------------------------------------------------------- Add: Non-GAAP Adjustments Net Sales -- -- Operating Income $ 4,043 -- Income from Continuing Operations attributable to Henry Schein, Inc. 2,784 -- Diluted EPS from Continuing Operations attributable to Henry Schein, Inc. 0.03 -- Net Income attributable to Henry Schein, Inc. 2,784 -- Diluted EPS 0.03 -- Adjusted Results from Continuing Operations - ---------------------------------------------------------------------------------------------- Net Sales $1,488,605 $1,521,777 -2.2% Operating Income 94,930 85,275 11.3% Margin 6.4% 5.6% 77 bp Income from Continuing Operations attributable to Henry Schein, Inc. $ 57,635 $ 51,522 11.9% Diluted EPS from Continuing Operations attributable to Henry Schein, Inc. 0.64 0.56 14.3% Net Income attributable to Henry Schein, Inc. 57,635 51,440 12.0% Diluted EPS 0.64 0.56 14.3% - ---------------------------------------------------------------------------------------------- Note: Above reflects adjusted results from continuing operations excluding restructuring costs of $4,043 ($2,784 after tax and $.03 per diluted share) recorded in the first quarter of 2009. This non-GAAP comparison is being presented in order to provide a more comparable basis for analysis. CONTACTS: Investors: Steven Paladino Executive Vice President and Chief Financial Officer steven.paladino@henryschein.com (631) 843-5500 Media: Susan Vassallo Vice President, Corporate Communications susan.vassallo@henryschein.com (631) 843-5562 9 ###