MELVILLE, New York--Henry Schein, a provider of health-care products and services to office-based practitioners in the combined North American and European markets, has announced the acquisition of Ortho Organizers.
Terms of the transaction were not disclosed.
Ortho Organizers, a manufacturer and distributor of orthodontics products, is a
privately owned company with headquarters in Carlsbad, Calif. The company has approximately 200 employees, including 20 sales representatives.
Sales in 2008 were approximately $30 million, and its products are sold both domestically and internationally. The acquisition is expected to be accretive to Henry Schein's 2009 financial results.
"Orthodontics is a $1.2 billion global market, including $600 million in the United States, and Ortho Organizers is highly regarded within this important market segment" said Stanley M. Bergman, chairman and Chief Executive Officer of Henry Schein.
"Ortho Organizers executives, including president and CEO George Guttroff--along with Henry Schein leadership--will be working to develop the Henry Schein orthodontics platform. We are delighted to welcome our new colleagues from Ortho Organizers to Team Schein," Bergman added.
In addition to Guttroff's responsibility at Ortho Organizers, he has been appointed president of Henry Schein's newly formed Global Dental Specialties Group with responsibility for advancing the company's global orthodontic and implant sales.
Ortho Organizers offers the Carriere LX self-ligating bracket, which has been proven to shorten orthodontic procedure time and increase patient satisfaction.
In today's economic environment, this represents another way to help dentists operate more efficient and profitable practices. The market for self-ligating brackets in the United States and Canada is estimated to have grown by more than 40 percent from 2006 to 2007.
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