Press release
Henry Schein Announces $400 Million Share Repurchase Plan
MELVILLE, N.Y.--(BUSINESS WIRE)-- Henry Schein, Inc. (Nasdaq: HSIC), the world's largest provider of health care products and services to office-based dental
About this update from Henry Schein, Inc.
[{"type":"text","content":" MELVILLE, N.Y.--(BUSINESS WIRE)--\nHenry Schein, Inc. (Nasdaq: HSIC), the world's largest provider of health care products and services to office-based dental and medical practitioners, announced today that its Board of Directors has authorized the repurchase of up to $400 million of shares of the Company's common stock.\n\nThis program is in addition to the $400 million repurchase program announced in August 2022, which is anticipated to be fully executed by the end of the first quarter of 2023.\n\nThe Company had approximately 131.5 million shares outstanding as of February 10, 2023. This new authorization represents approximately 3.8 percent of shares outstanding at the current stock price. Purchases may be made from time to time in the open market, or through negotiated transactions.\n\n“Henry Schein's share repurchase program reflects our confidence in the Company’s 2022-2024 BOLD +1 Strategic Plan for sustainable growth and value creation,” said Ronald N. South, Senior Vice President and Chief Financial Officer of Henry Schein. “We are pleased that our strong balance sheet provides us with the flexibility and financial stability to pursue new markets while strengthening and broadening our comprehensive offering of health care solutions.”\n\nAbout Henry Schein, Inc.\n\nHenry Schein, Inc. (Nasdaq: HSIC) is a solutions company for health care professionals powered by a network of people and technology. With approximately 22,000 Team Schein Members worldwide, the Company's network of trusted advisors provides more than 1 million customers globally with more than 300 valued solutions that help improve operational success and clinical outcomes. Our Business, Clinical, Technology, and Supply Chain solutions help office-based dental and medical practitioners work more efficiently so they can provide quality care more effectively. These solutions also support dental laboratories, government and institutional health care clinics, as well as other alternate care sites.\n\nHenry Schein operates through a centralized and automated distribution network, with a selection of more than 120,000 branded products and Henry Schein private-brand products in stock, as well as more than 180,000 additional products available as special-order items.\n\nA FORTUNE 500 Company and a member of the S&P 500® index, Henry Schein is headquartered in Melvi...