Report
Vishnu Lekraj

Henry Schein Reports a Mixed Quarter as the Firm looks to Dramatically Reorganize Its Operations

Henry Schein reported a few major developments that signal the firm is trying to offset secular issues it is facing with its dental distribution business. The most consequential was its decision to spin out its animal health business, merge it with privately held Vets First Choice, and create a new publicly traded veterinarian wholesale company named Vets First Corp. Schein will receive between $1 billion and $1.25 billion in pretax cash from Vets First Choice and own around 63% of the new corpo...
Underlying
Henry Schein Inc.

Schein (Henry) provides health care products and services to office-based dental and medical practitioners. The health care distribution segment distributes consumable products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products and vitamins. The company's technology group offerings include practice management software systems for dental and medical practitioners. The company's practice solutions include financial services on a non-recourse basis, e-services, practice technology, network and hardware services, and continuing education services for practitioners.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Vishnu Lekraj

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