Henry Schein 2006 Annual Report Download - page 21

19
75 YEARS OF SUCCESS
1932
Henry Schein is
founded by Henry and
Esther Schein as a
storefront pharmacy
in Queens, NY;
2 TSMs
1935
Company fulfills
mail order
prescriptions
using flyers
1940s
Company introduces
private-brand dental,
medical, and
veterinary products
1949
Sales: $175,000;
4 TSMs
The initial investment
in Henry Schein, Inc.
in 1932 was $500.
1942
Company begins
direct sale of
penicillin
to customers
“Through the years, we always insisted on making
our people feel special, like family.”
- Esther Schein
1971
Company focuses on
dental practitioners,
concentrating on
operational excellence
and discounted prices
1979
Sales: $58 Million;
180 TSMs
1983
Introduction of
TouchTone™
telephone ordering
1984
Company becomes
first in the industry to
fully automate the
distribution cycle
1980
Jay Schein becomes
Chairman and CEO
of Henry Schein, Inc.,
beginning a new
period of record
growth and prosperity
for the Company
In 1983, Henry Schein led the
industry with ProTONETM , the first
electronic system allowing customers
to order by TouchToneTM phone.
1995
Henry Schein is listed
on NASDAQ Marketplace
(HSIC), raising $72.8
million in the initial
public offering;
acquires Veratex
1998
Company acquires
Regional Healthcare
(Australia), Arcona
(Canada), and
Meer Dental (U.S.);
Sales: $1.92 Billion;
5,500 TSMs
Shares of Henry Schein traded
publicly on NASDAQ for the first time
on November 3,1995. The initial price
was $8 per share (split-adjusted).
1996
Company introduces
unique integrated sales
and marketing approach
to serving customers
(field sales, telesales,
direct marketing);
Sales: $830 Million;
3,200 TSMs
1994
Company leads the
industry with a
dental practice-management
software system; electronic
claims processing is offered
2004
Henry Schein debuts on
FORTUNE 500; acquires
Demedis (Germany),
KRUGG (Italy),
Ash Temple (Canada),
and Barton-Cyker Dental
Supply (U.S.); introduces
Tomorrow’s Dental Office
Today (TDOT);
Sales: $3.9 Billion;
9,600 TSMs
2005
Henry Schein celebrates
10 years as a publicly
traded company;
Company acquires
Ash Temple (Canada),
Halas Dental (Australia),
and Shalfoon Brothers
(New Zealand)
2006
Henry Schein is again
included in FORTUNE’s list
of America’s Most Admired
Companies and ranked
Number 1 in the industry
for social responsibility;
Company acquires
NLS Animal Health,
Darby Medical Supply,
Island Dental, Darby
Dental Laboratory Supply,
and Provet Holding AG
(Switzerland);
Sales: $5.15 Billion;
More than 11,000 TSMs
1997
Henry Schein acquires
Sullivan Dental Products,
Dentrix Dental Systems,
and Caligor; Company
becomes largest healthcare
distributor serving
office-based practitioners
2007
“For 75 years, our values-based Team Schein
culture, our unsurpassed level of customer
service, and our commitment to social
responsibility have distinguished Henry Schein
in the marketplace and made us one of
FORTUNE’s “Most Admired” companies.
As we continue to grow beyond this
milestone year, preservation of this unique
corporate culture will ensure that our best
years are still to come.”
- Stanley M. Bergman