Henry Schein Has Acquired A Majority Ownership Interest In Large Practice Sales, An Advisor To Independent Dental Practices On Their Sale, Or A Partnership With Larger General Practice And Dental Specialists; Financial Terms Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Henry Schein has acquired a majority stake in Large Practice Sales, an advisor to independent dental practices. Large Practice Sales had 2022 net sales of approximately $40 million. The transaction is expected to be neutral to Henry Schein's 2023 non-GAAP diluted earnings per share and accretive thereafter.
August 04, 2023 | 10:53 am
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Henry Schein's acquisition of Large Practice Sales is expected to have a neutral impact on its 2023 non-GAAP diluted earnings per share and be accretive thereafter.
The acquisition is expected to have a neutral impact on Henry Schein's 2023 earnings, suggesting no significant short-term financial impact. However, the deal is expected to be accretive thereafter, indicating potential long-term financial benefits for the company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100