M&A Deal Summary

Henry Schein Acquires Modern Laboratory Services

On July 17, 2012, Henry Schein acquired distribution company Modern Laboratory Services

Acquisition Highlights
  • This is Henry Schein’s 21st transaction in the Distribution sector.
  • This is Henry Schein’s 14th transaction in the United States.
  • This is Henry Schein’s 3rd transaction in California.

M&A Deal Summary

Date 2012-07-17
Target Modern Laboratory Services
Sector Distribution
Buyer(s) Henry Schein
Deal Type Add-on Acquisition

Target

Modern Laboratory Services

Bakersfield, California, United States
Modern Laboratory Services, Inc. is a distributor in the Western U.S. for products and services for physician office laboratories, such as laboratory equipment and supplies. MLS represents many of the most important suppliers in the clinical laboratory business including serving as the exclusive distributor for the Siemens' Dimension® chemistry analyzer product line.

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Buyer(S) 1

Buyer

Henry Schein

Melville, New York, United States

Category Company
Founded 1932
Sector Distribution
Employees25,000
Revenue 12.3B USD (2023)
DESCRIPTION
Henry Schein office in Eagan, Minnesota.
Henry Schein office in Eagan, Minnesota.

Henry Schein is a distributor of health care products and services to office-based dental, animal health and medical practitioners. The Company also serves dental laboratories, government and institutional health care clinics, and other alternate care sites. Henry Schein was founded in 1932 and is based in Melville, New York.


DEAL STATS #
Overall 31 of 76
Sector (Distribution) 21 of 37
Type (Add-on Acquisition) 24 of 57
State (California) 3 of 6
Country (United States) 14 of 33
Year (2012) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-17 Ortho Technology

Tampa, Florida, United States

Ortho Technology, Inc. is a distributor of orthodontics products primarily to orthodontists. The company is based in Tampa, Florida, was founded in 1991, has approximately 90 team members and posted 2011 sales of approximately $24 million. Ortho Technology offers a complete line of orthodontic supplies, including brackets, bands, buccal tubes, archwires, adhesives, laboratory supplies and patient accessories. The company serves more than 10,000 customers worldwide via direct sales from the U.S. and distributors across the globe.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-27 The Exan Group

Port Coquitlam, British Columbia, Canada

The Exan Group is a dental software company. Exan's main product is axiUm, a dental institution management software solution that is sold to approximately 65 dental schools in the U.S. and Canada. Exan also develops and sells Power Practice, a practice management software solution for general dental practices that is used by approximately 750 practices, primarily in Canada.

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