Henry Schein, Inc. (NasdaqGS:HSIC) will look for acquisitions. During Barclays Global Healthcare Conference Stanley Bergman Chairman and Chief Executive Officer said, "we will continue to advance acquisitions, which we started -- we had a pipeline, strong pipeline going into COVID, and we put that on hold, and we started with acquisitions again in the fourth quarter, having completed 9 acquisitions and put in just about $200 million of capital to work in the fourth quarter. And now we'll continue to do that in the first and beyond that -- first quarter and beyond". Steven Paladino Chief Financial Officer said, "So from a capital deployment point of view, we expect to continue to buy back our stock and use the remaining free cash flow for strategic acquisitions".
Henry Schein, Inc. specializes in the distribution of care products and services intended for health professionals (doctors, surgeons, dentists, veterinary laboratories and clinics). Net sales break down by activity as follows:
- distribution of health care products and equipment (93.5%): dental products and equipment (65.4% of net sales; consumable products, laboratory equipment, print materials, implants, anesthetics, etc.) and medical equipment (34.6%; medicines, vaccines, vitamins, surgical material, diagnostic tests, etc.);
- other (6.5%): sale and integration of management software, financial, training, maintenance and equipment repair services.
The United States account for 69.9% of net sales.Henry Schein, Inc. specializes in the distribution of care products and services intended for health professionals (doctors, surgeons, dentists, veterinary laboratories and clinics). Net sales break down by activity as follows:
- distribution of health care products and equipment (93.5%): dental products and equipment (65.4% of net sales; consumable products, laboratory equipment, print materials, implants, anesthetics, etc.) and medical equipment (34.6%; medicines, vaccines, vitamins, surgical material, diagnostic tests, etc.);
- other (6.5%): sale and integration of management software, financial, training, maintenance and equipment repair services.
The United States account for 69.9% of net sales.