No. 9: Henry Schein
2017 revenues: $12,461,543,000
Fiscal year ending: December 30, 2017
Stanley Bergman, chairman & CEO; Gerald Benjamin, EVP, chief administrative officer, member of board of directors; James Breslawski, vice chairman of the board & president; Michael Ettinger, SVP, corporate & legal affairs & chief of staff, secretary; James Harding, Jr., CEO, Henry Schein One; Jonathan Koch, SVP & CEO, global dental; Peter McCarthy, president, global animal health; Lorelei McGlynn, SVP, chief human resources officer; Dave McKinley, chief commercial officer, Henry Schein, & president, corporate commercial development; Bob Minowitz, SVP, global dental merchandising & business operations; Mark Mlotek, EVP, chief strategic officer; Steven Paladino, EVP, CFO; Christopher Pendergast, SVP, CTO; Michael Pacioppi, SVP, chief merchandising officer; Paul Rose, SVP, global supply chain; Walter Siegel, SVP & general counsel
Henry Schein in April said it plans to spin off its animal health business and merge it with Vets First Choice, combining Henry Schein Animal Health’s approximate 4,300 employees with Vets First Choice’s 750 U.S. employees. The newly formed business will have pro forma 2017 sales of approximately $3.6 billion; Schein expects to receive between $1 billion and $1.3 billion in cash on a tax-free basis as part of the transaction, which is expected to close by the end of the year. The company also inked a joint-venture deal with Internet Brands, forming the Henry Schein One practice management business. It’s an amalgamation of Schein’s Practice Solutions and international dental practice management operations and the dental business at Internet Brands that posted pro-forma 2017 sales of approximately $400 million. Unfortunately, the reshaping also includes layoffs and plant closures, although the company has stayed mum on the details, saying only that it expects to log a $45 million to $55 million restructuring charge this year.