Henry Schein Inc., a provider of health care products and services to office-based dental, animal health and medical practitioners, announced Dec.18 that it has acquired eVetPractice, a leading provider of cloud-based practice management solutions to veterinary clinics.
According to the announceemnt, eVetPractice will join Henry Schein Veterinary Solutions (HSVS), a global leader in veterinary technology solutions, and become the newest addition to its expanding software portfolio.
"As the veterinary practice management software market expands into cloud-based solutions, we at Henry Schein understand that partnering with eVetPractice enhances our ability to power successful practices by providing our customers with the latest in value-added services and technology solutions," said Stanley M. Bergman, chairman of the board and chief executive officer of Henry Schein. "Our distribution footprint and comprehensive technology offerings, which now includes the cloud, ensure that veterinary professionals can continue to rely on us as a trusted advisor, as we endeavor to help them operate more efficient and successful practices while delivering quality care."
Based in Athens, Ga., and founded in 2011, eVetPractice is one of the fastest-growing cloud solutions in the U.S., serving approximately 900 customers, the announcement said. Henry Schein expects this transaction to be neutral to its 2018 earnings per share and to be accretive thereafter. Additional financial details and terms were not disclosed.
"eVetPractice will become an integrated part of Henry Schein's portfolio of technology solutions, which includes AVImark and ImproMed in North America, as well as Vision, RxWorks and RoboVet internationally," said Chris Dollar, HSVS global president. "The highly regarded eVetPractice solution will complement these offerings for our current and prospective customers who prefer the benefits of a cloud solution."
eVetPractice was founded by Eddie Heinz, who will join the HSVS executive team and continue to lead the eVetPractice solution and customer support teams. "In 2018, the eVetPractice software will be offered to current Henry Schein Veterinary Solutions customers as an option to move to the cloud," Heinz noted. "We will integrate the HSVS solutions into the eVetPractice software to bring those market-leading solutions to current and future eVetPractice customers."
HSVS, which has North American offices in Oshkosh, Wis.; Piedmont, Mo., and Trevose, Pa., is a leading global veterinarian practice management software developer. Henry Schein Animal Health is based in Dublin, Ohio, and is a leading companion animal health distribution company in the U.S., employing approximately 1,000 team members, including more than 250 field sales representatives and 150 telesales and customer support representatives.