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Henry Schein (Nasdaq: HSIC) today announced its acquisition of Midway Dental Supply.
Livonia, Michigan-based Midway Dental is a full-service dental distributor serving dental offices and dental laboratories across the Midwest with dental consumable merchandise, equipment, services and education products.
Terms of the deal were not disclosed.
Midway Dental had sales of around $110 million in 2021, including nearly $20 million in revenue from personal protective equipment (PPE) and COVID-19-related products, Henry Schein said in an announcement of the deal. The company has nearly 7,000 customers and about 200 employees, including 55 sales reps and 50 service technicians.
“Over the past 35 years, Midway Dental has earned an excellent reputation within the industry, grounded by a strong commitment to customer service and industry leadership that is aligned with Henry Schein’s values-based culture and high-touch, full-service business model,” Henry Schein CEO and Chair Stanley Bergman said in a news release. “Midway Dental’s vision to establish a nationwide footprint aligns with Henry Schein’s commitment to provide the products and services customers can rely on to work more efficiently and deliver high-quality patient care more effectively.”
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Midway Dental CEO Steven Kizy will join Henry Schein as VP of strategic development-U.S. dental.
“As part of Henry Schein, Midway Dental will have access to new capabilities, including an expanded portfolio of solutions to serve our customers even better while offering our staff exciting new career possibilities,” Kizy said in the release. “More specifically, Midway Dental’s customers will benefit from the vast array of Henry Schein branded products as well as the latest digital technologies that are modernizing dental practices. We are delighted to be joining forces with the world’s leading provider of dental products and services.”
Midway Dental opened a brand new distribution center in Louisville, Kentucky, last year as Kizy sought to “make lemonade” out of the lemons dealt by the COVID-19 pandemic.
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Melville, New York-based Henry Schein is the world’s largest provider of health care supplies and services for office-based dental and medical practitioners.
The company ranked No. 13 in our 2021 Medtech Big 100, but may move up or down the list when we release our 2022 rankings in the coming weeks. Be among the first to see those new rankings by signing up for our free email newsletters.
