March 30, 2021 – Henry Schein, Inc. (Melville, NY) announced a majority ownership position in Stradis Medical, LLC (Stradis Healthcare) (Atlanta, GA).
Henry Schein says the transaction strengthens its commitment to the growing ambulatory surgery market.
Stradis Healthcare specializes in medical device packaging and custom procedure kits and trays. The company is a provider of customized procedure packs, minor trays, and kits to surgical centers, private practices, oral surgeons, and a multitude of surgical and clinical specialties nationwide.
The addition of Stradis Healthcare to Henry Schein’s Medical group will create a unique kitting, contract packaging, and serialized pharmaceutical organization that the company says will “advance the mission of healthcare delivery, creating efficiencies and savings for providers, and facilitating the delivery of high-quality patient care.”
Stradis Healthcare will maintain its own brand, management team, facilities, and market positioning.
This investment will accelerate Henry Schein Medical’s ability to provide innovative and customized solutions to practitioners, medical device companies, and healthcare distribution partners while also creating new business opportunities.
Jeff Jacobs, the CEO and Founder of Stradis Healthcare, will help facilitate a smooth transition over the next 18 to 24 months in a non-executive role.
Adam Sokol, VP and General Manager; and Dave Landry, VP, Sales and New Business Development; of Stradis Healthcare will continue to manage the day-to-day operations of the business.
Privately held Stradis Healthcare was formed through a series of acquisitions beginning in 2000 and is now one of the only independent sterile medical kitting companies in the U.S, with facilities in Atlanta and in Waukegan, Illinois.
The transaction is expected to be neutral to Henry Schein’s 2021 diluted earnings per share and to be accretive thereafter.
Financial terms of the transaction were not disclosed.