Henry Schein has acquired a majority equity stake in Cliniclands, a dental distributor that serves practices in Sweden, Denmark and Norway, according to an Aug. 5 news release.
Financial terms of the deal were not disclosed. Cliniclands had sales for the 12 months ended March 31 of approximately $9.5 million.
With the acquisition, Henry Schein now operates in 32 countries around the world. Henry Schein expects the transaction will be neutral to its 2019 earnings per diluted share and accretive after.
Cliniclands' CEO Falk Andersson, COO Niklas Schori and Head of Sales Daniel Skoglund will continue to lead the company. Henry Schein may step in and acquire the remaining equity stake in the next three to five years.
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Financial terms of the deal were not disclosed. Cliniclands had sales for the 12 months ended March 31 of approximately $9.5 million.
With the acquisition, Henry Schein now operates in 32 countries around the world. Henry Schein expects the transaction will be neutral to its 2019 earnings per diluted share and accretive after.
Cliniclands' CEO Falk Andersson, COO Niklas Schori and Head of Sales Daniel Skoglund will continue to lead the company. Henry Schein may step in and acquire the remaining equity stake in the next three to five years.
More articles on dental:
How dentists, DSOs are attracting patients and keeping them as loyal costumers
SmileDirectClub preps for $1B IPO, CNBC reports
Renowned dentist Dr. Peter Dawson dies