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Henry Schein, Inc. (Nasdaq: HSIC), Melville, NY, distributor of health care products and services, has acquired Provet Holdings Limited (ASX: PVT).
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Provet Holdings is Australasia's largest wholesale distributor of veterinary products. Based in Brisbane, Queensland, Provet Holdings reported revenue for the fiscal year ended June 30, 2010, of AUD$283 million (USD$278 million).
"With this transaction we have further strengthened our position as the global leader in the distribution of veterinary products. Henry Schein's global veterinary business now has annual revenues of nearly $2 billion and we serve approximately 47,000 veterinary practices worldwide," said Stanley M. Bergman, CEO of Henry Schein.
Provet Holdings has 375 employees, and owns and operates 10 warehouses across Australia and three in New Zealand. The company serves 1,900 independent veterinary practices in Australasia.
Henry Schein has five businesses – North American Dental, North American Medical, North American Animal Health, International and Technology.