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The two acquired companies posted combined revenues over $100 million for the last 12 months. The acquisitions are expected to be accretive to Henry Schein's 2004 earnings. Henry Schein employs over 7,400 people in 16 countries. The company's 2002 sales were $2.8 billion.
Damer & Cartwright is a specialty distributor of pharmaceuticals that has been providing value-added pharmacy services for more than 40 years. The company's sales are focused on oncology, infertility, hepatitis, transplant and respiratory disease states.
American Medical Services was founded in 1996 as a distributor of oncology drugs and other healthcare supplies primarily to oncologists. Damer & Cartwright and American Medical Services share a common executive management team who will continue to be actively involved in managing these businesses. Each of the companies serve customers primarily in Illinois and will serve as a platform for national expansion into rapidly growing markets.
Henry Schein serves more than 400,000 customers worldwide, including dental practices and laboratories, physician practices and veterinary clinics, as well as government and other institutions. Henry Schein has a sales and marketing approach that is uniquely integrated, with more than 1,350 field sales consultants (including equipment sales specialists), and 800 telesales representatives, supported by 110 equipment sales and service centers, more than 550 equipment service technicians, and a highly targeted direct marketing program. Through this program, more than 22 million catalogs, order stuffers, flyers, newsletters, e-mails, and other materials are distributed annually.
The company operates its four business groups - Dental, Medical, International and Technology - through a centralized and automated distribution network, which provides customers in more than 125 countries with a selection of over 90,000 national and Henry Schein private-brand products. Henry Schein also offers a wide range of innovative value-added practice solutions, including practice management software systems as DENTRIX and Easy Dental for dental practices, and AVImark for veterinary clinics, which are installed in over 50,000 practices; and ArubA, Henry Schein's electronic catalog and ordering system. For more information, http://www.henryschein.com.