A Medical Device Daily
Henry Schein (Melville, New York), a major provider of healthcare products and services to office-based practitioners in the North American and European markets, reported acquiring the dental distribution business of Ash Temple Ltd. (ATL; Concord, Ontario), a private dental distributor. Terms of the transaction were not disclosed.
ATL's operations will be combined with Henry Schein Arcona, Henry Schein's Canadian dental business, and operate under the new name Henry Schein Ash Arcona.
Through the acquisition, Henry Schein Arcona's 100-person dental sales force will double as the new entity provides Canadian dental practitioners a range of dental products and services. Henry Schein said that the acquisition is expected to be immediately accretive.
“Combining our Henry Schein Arcona operations with Ash Temple is an ideal strategic and cultural fit, and firmly positions us as the leading dental company in the expanding market for dental merchandise and equipment in Canada,“ said Stanley Bergman, president, CEO and chairman of Henry Schein. “We believe the addition of Ash Temple, with its broad presence across Canada and strength in dental equipment and laboratory products, will perfectly complement [our] strong expertise in logistics as well as in the marketing and merchandising of dental consumables.“
Michel Hart, chairman and CEO of Ash Temple, will become chairman of the new entity, and Cy Elborne, president and chief operating officer of Ash Temple, will manage the Henry Schein Ash Arcona sales force as executive vice president, sales. Joe Robertson and Carman Adair of Henry Schein Arcona will assume the roles of president and chief operating officer, respectively, for Henry Schein Ash Arcona.
ATL, which reported revenues of about $100 million in its last fiscal year, offers dental supplies, equipment, artificial teeth and repair parts, as well as services, including office design and planning, equipment lease financing and consulting. One of the largest diversified dental companies in Canada, ATL has 14 branches, including five distribution centers, and it reports serving about 17,200 dentists, 2,200 laboratory technicians and 2,000 denturists.