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Henry Schein (HSIC) Stock News, Sep-Oct 2022

HSIC Nasdaq

Henry Schein, Inc. reports developments across its health care distribution, practice solutions, and dental technology businesses. The company serves office-based dental and medical practitioners, dental laboratories, government and institutional health care clinics, and other alternate care sites through business, clinical, technology, and supply chain solutions.

Recurring news themes include earnings releases, financial guidance, investor conference participation, board and executive governance updates, and product announcements from Henry Schein One. Recent technology coverage centers on Dentrix Ascend, a cloud-based dental platform that integrates practice management, clinical workflows, imaging, revenue cycle management, analytics, patient experience tools, and AI-enabled workflow capabilities.

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Smile Brands has selected Dentrix Ascend as its exclusive cloud-based practice management system for its 700 dental locations. The decision followed a year-long market analysis and pilot program, confirming Dentrix Ascend's superior clinical features and integration capabilities. This software will enhance operational efficiency by allowing remote access to data and reducing management burdens. CEO Steve Bilt emphasized that this partnership aligns with their vision of improving patient experiences. Henry Schein One, the software provider, supports this initiative aiming for enhanced quality of care.

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Henry Schein, Inc. announces a donation of up to $500,000 for Hurricane relief efforts, including cash and healthcare products. The Henry Schein Cares Foundation is establishing a Disaster Relief Fund with $50,000, matching employee contributions up to $50,000. The company will donate $350,000 worth of health care supplies to affected areas in Florida, Puerto Rico, and Eastern Canada. Customer assistance is available via a 24/7 hotline for operational issues caused by the hurricanes.

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Henry Schein (Nasdaq: HSIC) has been recognized in FORTUNE® magazine's "Change the World" list for its initiatives to advance health equity for individuals with disabilities. This marks the third acknowledgment for the company, highlighting its commitment to addressing care gaps for 61 million people in the U.S. living with disabilities. Key efforts include public-private partnerships, educating healthcare professionals, and designing accessible dental products. The company emphasizes that strong financial performance aligns with its mission for societal impact.

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Henry Schein, Inc. (Nasdaq: HSIC), the largest provider of health care solutions for dental and medical practitioners, will release its Q3 2022 financial results on November 1, 2022. The earnings conference call starts at 10:00 a.m. Eastern time on the same day, featuring CEO Stanley M. Bergman and CFO Ronald N. South. Investors can access the live webcast on the company’s website. Henry Schein reported $12.4 billion in sales for 2021 and operates in 32 countries with a strong distribution network.

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Henry Schein (Nasdaq: HSIC) has launched its 16th annual Practice Pink program, raising over $1.8 million for cancer-related nonprofit organizations. This global initiative aims to promote awareness and support for cancer research and prevention through the sale of pink-themed products. The program collaborates with various organizations, including the American Cancer Society and others in the U.S. and Europe, to aid in breast cancer awareness and research efforts.

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BD (Becton, Dickinson and Company) has announced a grant of $360,000 to six U.S. free clinics as part of its Point-of-Care, Enhancing Clinical Effectiveness initiative. This program, established in 2017, has supported 27 clinics across 20 states with a total of $2.6 million. The initiative aims to improve health outcomes in underserved communities by providing diagnostic testing capabilities for common health issues, impacting over 16,500 patient visits this year. Collaborating partners include Heart to Heart International and the National Association of Free and Charitable Clinics.

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Henry Schein, Inc. commemorated its 90th anniversary today by opening the Nasdaq Stock Market, reflecting on its founding in 1932 during the Great Depression. CEO Stanley M. Bergman emphasized the company's journey from a storefront pharmacy to a global leader serving over one million customers. Henry Schein has been a FORTUNE 500 member since 2004 and is part of the S&P 500 index since 2015. It employs over 22,000 Team Schein Members across 32 countries and has achieved $12.4 billion in sales for 2021, marking a 12.5% compound annual growth rate since going public.

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Henry Schein (NASDAQ: HSIC) showcased a range of innovative dental and medical solutions at the AAOMS Annual Conference in New Orleans from September 12 to 17. The company highlighted products such as 3D printers, intraoral scanners, and anesthesia solutions, aiming to support oral and maxillofacial surgeons in enhancing patient care. Their team provided insights on customized solutions and showcased Henry Schein-brand products, promoting efficiency in surgical practices. The company emphasizes its commitment to being a trusted advisor to the OMS community.

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FAQ

What is the current stock price of Henry Schein (HSIC)?

Henry Schein (HSIC) last closed at $86.

What is the market cap of Henry Schein (HSIC)?

The market cap of Henry Schein (HSIC) is approximately $9.6B.