Henry Schein, Inc. Purchases Medical Distributor In Maryland - 1997 Sales of $8 Million -MELVILLE, N.Y., Sept. 24 /PRNewswire/ -- Henry Schein, Inc. (Nasdaq: HSIC)
the world's largest distributor of healthcare products to office-based
practitioners, announced today the acquisition of Maryland-based Columbia
Medical, Inc., a medical/surgical supply company with $8 million in 1997
annual sales. Terms of the transaction were not disclosed.
Stanley M. Bergman, Chairman, Chief Executive Officer and President of
Henry Schein, Inc. said, "The acquisition of Columbia continues our growth
strategy for Henry Schein's Medical Group by expanding our physician customer
base in the Mid-Atlantic region of the United States. In addition, Columbia
enhances Henry Schein's existing physician office laboratory business by
adding the expertise of Columbia's founder, Walter W. Weems, and its 13 field
sales representatives to our existing network of over 200 medical field sales
Henry Schein, Inc. is the largest distributor of healthcare products and
services to office-based healthcare practitioners, including dental practices
and laboratories, physician practices and veterinary clinics. The Company,
recognized for its excellent customer service and low prices, serves more than
250,000 customers worldwide. For more information, visit the Henry Schein
website at http://www.henryschein.com.
Certain information contained herein includes information that is
forward-looking. The matters referred to in forward-looking statements may be
affected by the risks and uncertainties involved in the Company's business.
These forward looking statements are qualified in their entirety by the
cautionary statements contained in the Company's Securities and Exchange
SOURCE Henry Schein, Inc.