Henry Schein, Inc. (NasdaqGS:HSIC) is looking for acquisitions. Ronald South, Chief Financial Officer said, "Prior to 2023, in a typical year for us, we were doing $300 million to $400 million of M&A and, say, $300 million to $400 million in share repurchases. Then in 2023, we did $1 billion in M&A. I can tell you with a fair amount of certainty, we would not be doing $1 billion in M&A in 2024.
I think we don't have the management capacity to successfully continue integrating businesses at this rate. We want to make sure we do a good job with the ones we did last year. But we still have acquisitions in the pipeline.
We did do the transaction with TriMed that closed right at the 1st of April. That's our kind of introduction into extremity orthopedics within our medical business. So that type of transaction, which fits in well with our strategic plan, we're still interested in doing.
Henry Schein, Inc. specializes in the distribution of care products and services intended for health professionals (doctors, surgeons, dentists, veterinary laboratories and clinics). Net sales break down by activity as follows:
- distribution of health care products and equipment (93.5%): dental products and equipment (65.4% of net sales; consumable products, laboratory equipment, print materials, implants, anesthetics, etc.) and medical equipment (34.6%; medicines, vaccines, vitamins, surgical material, diagnostic tests, etc.);
- other (6.5%): sale and integration of management software, financial, training, maintenance and equipment repair services.
The United States account for 69.9% of net sales.Henry Schein, Inc. specializes in the distribution of care products and services intended for health professionals (doctors, surgeons, dentists, veterinary laboratories and clinics). Net sales break down by activity as follows:
- distribution of health care products and equipment (93.5%): dental products and equipment (65.4% of net sales; consumable products, laboratory equipment, print materials, implants, anesthetics, etc.) and medical equipment (34.6%; medicines, vaccines, vitamins, surgical material, diagnostic tests, etc.);
- other (6.5%): sale and integration of management software, financial, training, maintenance and equipment repair services.
The United States account for 69.9% of net sales.