Henry Schein announces investments in dental implant business
Henry Schein announced three investments that will advance the Company's dental implant business strategy. Henry Schein will acquire Intra-Lock, a provider of dental restoration solutions, including proprietary surface, connection, and biomaterial and small diameter implant technologies; expand into the lower-priced segment of the dental implant market through the planned acquisition of a majority interest in Medentis Medical, a dental implant manufacturer based in Germany; and strengthen its geographic footprint in Europe with the acquisition of a majority interest in Pro-Cam Implants, CAMLOG's exclusive distributor in the Netherlands. Together, these acquisitions represent annual sales of approximately $45M, will be neutral to the Company's 2018 EPS, and are expected to be accretive thereafter. Financial terms were not disclosed.