Henry Schein 2014 Annual Report Download - page 8

We made important investments and significantly expanded
our dental distribution and dental laboratory presence in
France and the Benelux countries, expanded our animal
health business in Europe with the acquisition of Medivet
in Poland, and increased our dental laboratory business in
North America with the acquisition of Lincoln Dental Supply.
Henry Schein Medical entered into a strategic agreement
with athenahealth to provide physicians with electronic
health records, patient communications, and other services.
Henry Schein Animal Health acquired a majority interest in
SmartPak, which provides equine supplements and horse
supplies, and we formed
strategic relationships with
Abaxis, Heska and Antech to
bring diagnostic products to
U.S. veterinary practices. We
recently completed the
acquisition of scil animal care,
a distributor of animal health
laboratory and imaging diagnostic products and services to
veterinarians primarily in North America and Europe, which
was a significant step forward in expanding our diagnostics
product offering.
We opened new, state-of-the-art facilities with our Medcare
South building in the United Kingdom, our Henry Schein
Animal Health building in Lexington, Kentucky, and our
Henry Schein Practice Solutions headquarters in American
Fork, Utah, which features a “Center of Excellence” equipped
with advanced digital dental equipment and technology
that is also used to provide care to underserved members of
that community.
Among the more significant developments of the year, we
acquired Cardinal Health’s physician office business and
entered into a strategic supply agreement with the company.
This agreement is designed to provide one of the most
comprehensive service and product offerings to office-based
medical practices and Integrated Delivery Networks across
the United States, and underscores our longstanding
commitment to serving the needs of a quickly changing
medical market. We are in the process of consolidating
Cardinal Health’s 180-member physician office-focused
commercial organization into Henry Schein’s Medical
business, adding service to more than 25,000 physician
office locations nationwide and more than $300 million in
annual revenue.
In 2014, we also strengthened our corporate governance by
welcoming two new Directors. Dr. Dianne Rekow, Dean of
King’s College London Dental Institute, joined our Board in
June; and Dr. Lawrence Bacow, former Tufts University
President, MIT Professor and a long-time Harvard University
scholar, joined our Board in December.
We believe a critical component of our success is tied to
serving society and “doing well by doing good.”
Henry Schein continues to be recognized for its strong
commitment to corporate social responsibility and the work
we are doing around the world through Henry Schein Cares,
our corporate social responsibility program. In early 2015,
FORTUNE announced that
we ranked first in our industry
on the magazine’s list of the
World’s Most Admired
Companies, our 14th
consecutive year on this list.
We also ranked first in every
one of the nine sub-categories,
including social responsibility. In addition, the Ethisphere
Institute named Henry Schein to its list of the World’s Most
Ethical Companies for the fourth year in a row. Most recently,
Henry Schein was named to the Forbes list of one of
“America’s Best Employers.”
Throughout 2014, I traveled to Henry Schein facilities around
the world and met with thousands of Team Schein Members.
During those meetings, we discussed the importance of
enhancing engagement with our five constituencies, which
has been central to our sustained success: our supplier
partners, who view Henry Schein as a strong global
A MESSAGE FROM THE CHAIRMAN OF THE BOARD
AND CHIEF EXECUTIVE OFFICER
HENRY SCHEIN 2014