Henry Schein completes acquisition of a majority interest in Shield Healthcare, Inc.

October 18, 2023- Henry Schein, Inc. announced it has completed the acquisition of Shield Healthcare, Inc., a leading supplier of homecare medical products delivered directly to patients in their homes. Henry Schein announced the agreement to acquire Shield Healthcare on August 3, 2023.

Headquartered in Valencia, Calif., Shield Healthcare had 2022 net sales of approximately $180 million. Henry Schein expects the transaction to be neutral to 2023 non-GAAP earnings per share and accretive thereafter.

Building on Henry Schein’s 2021 acquisition of Prism Medical Products LLC, Shield Healthcare will expand Henry Schein’s existing medical business by delivering a diverse range of products, including items such as incontinence, urology, ostomy, enteral nutrition, advanced wound care, and diabetes supplies. Additionally, it will offer continuous glucose monitoring devices directly to patients in their homes.

The current owners of Shield Healthcare, including members of the company’s management team, will retain a minority ownership position in the company.

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