Henry Schein to acquire Darby Group businesses

June 27, 2006
The addition of medical, dental laboratory and full-service dental businesses will extend company's market reach.

MELVILLE, N.Y.--Henry Schein, Inc., a provider of health-care products and services to office-based practitioners in the combined North American and European markets, has announced that it will acquire the assets of Island Dental Co., Inc., Darby Medical Supply Co. and Darby Dental Laboratory Supply Co., Inc. from privately-held Darby Group Companies.

These three businesses had combined 2005 sales of approximately
$219 million. The acquisition is expected to be slightly accretive to Henry Schein's 2006 diluted EPS, and to add approximately $0.01 to
$0.03 to 2007 diluted EPS.

Henry Schein expects these transactions to close during the third quarter of 2006 and anticipates that upon integration it will realize operational efficiencies from the acquisition. The Company indicated that the purchase price was approximately $51.5 million to be paid in cash.

"The acquisition of these three businesses is an excellent match with Henry Schein's U.S. operations, and affords deeper penetration in our Dental and Medical divisions," said Stanley M. Bergman, Chairman and Chief Executive Officer of Henry Schein.

"Furthermore, Island Dental, Darby Medical Supply and Darby Dental Laboratory Supply share with Henry Schein a customer-focused culture, with a commitment to personalized service and attention to detail. We also share a commitment to partnering with customers to facilitate their business and financial success, and to providing an extensive product offering at competitive prices. We look forward to offering new products, services and programs to our new customers and sales representatives."