Henry Schein Inc., provider of health care products and services to office-based dental, animal health and medical practitioners, announced April 2 that it has completed the acquisition of an approximate 80% ownership position in Medivet, a leading distributor of animal health products and services in Poland.
This marks Henry Schein's first investment in Poland and increases the number of countries in which the company operates to 26.
Medivet had 2013 sales of $86 million and serves approximately 2,200 customers.
"Medivet provides a strategic base for expansion in Eastern Europe's growing animal health market and the opportunity to work collaboratively with Henry Schein's other businesses in the region, in particular the Czech Republic," said Stanley M. Bergman, chairman and chief executive officer of Henry Schein. "With an expanded geographic reach, we will provide further value to our supplier partners while bringing the widest array of supplies and value-added products to Medivet's customers, consistent with our goal of helping customers operate efficient, profitable businesses and provide high-quality care."
With Medivet, Henry Schein now serves veterinary customers in 12 European countries, including Austria, Belgium, the Czech Republic, France, Germany, Holland, Ireland, Poland, Portugal, Spain, Switzerland and the U.K. It also has animal health businesses in the U.S., Australia and New Zealand. In 2013, Henry Schein's Global Animal Health business had sales of approximately $2.6 billion.