Henry Schein, Inc.
Henry Schein, Inc. (Nasdaq: HSIC) is a solutions company for health care professionals powered by a network of people and technology. With more than 20,000 Team Schein Members worldwide, the Company´s network of trusted advisors provides more than 1 million customers globally with more than 300 valued solutions that help improve operational success and clinical outcomes. Our Business, Clinical, Technology, and Supply Chain solutions help office-based dental and medical practitioners work more efficiently so they can provide quality care more effectively. These solutions also support dental and medical laboratories, government and institutional health care clinics, as well as other alternate care sites.
Company details
Find locations served, office locations
- Business Type:
- Manufacturer
- Industry Type:
- Medical Supplies
- Market Focus:
- Globally (various continents)
- Year Founded:
- 1932
About Us
Henry Schein operates through a centralized and automated distribution network, with a selection of more than 120,000 branded products and Henry Schein private-brand products in stock, as well as more than 180,000 additional products available as special-order items.
A FORTUNE 500 Company and a member of the S&P 500® index, Henry Schein is headquartered in Melville, N.Y., and has operations or affiliates in 31 countries and territories. The Company's sales reached $10.1 billion in 2020, and have grown at a compound annual rate of approximately 12 percent since Henry Schein became a public company in 1995.
Our Mission
To provide innovative, integrated health care products and services; and to be trusted advisors and consultants to our customers - enabling them to deliver the best quality patient care and enhance their practice management efficiency and profitability.
89 Years
More than 300,000 products
More than 1 million customers
Widely recognized for its excellent customer service, highly competitive prices, and innovative value-added solutions, the Company is dedicated to helping its customers succeed by offering the products and services needed for operating an efficient practice and delivering high-quality health care. Henry Schein has a sales and marketing approach that is uniquely integrated, with more than 3,400 field sales consultants (including equipment sales specialists), more than 2,100 telesales representatives, and more than 170 equipment sales and service centers worldwide—all supported by approximately 30 million highly targeted direct marketing pieces.
Henry Schein at a Glance
Growth Opportunities:
- Increasing penetration with existing customers
- Geographic expansion
- Advancing technology solutions
- Greater penetration of specialty markets
- Continued focus on large group practices
- Digitalization of prosthetic solutions
Growth Opportunities:
- Increasing penetration organically and through acquisition
- Continued focus on large accounts, health systems, and surgery centers
- Focus on specialty segments and solutions
- Create unique offering with supply partners
- Select international opportunities
Full-service provider of financial services
Growth Opportunities:
- Increasing penetration with existing customers
- Geographic expansion
- Ability to serve large group practices
- Continued focus on facilitating financial services for technology investments and office expansion
Our Culture
Since 1932, Henry Schein's success has been built on the commitment of Team Schein, a highly motivated and diverse group of professionals who are dedicated to meeting the needs of our customers. Every Team Schein Member (TSM) shares a singular focus, fostering an environment that allows each of us to achieve our goals.
Henry Schein recognizes that service extends beyond the workplace to our home communities. Through the Henry Schein Cares global social responsibility program, TSMs are involved in volunteer activities that exemplify the Company's spirit of corporate citizenship.
Through Team Schein's efforts, we are reaching our goal of being a trusted advisor and consultant, offering our customers the tools and expertise to run their practices in the most efficient and profitable ways possible.
Our History
Since Henry Schein opened his pharmacy in Queens, New York in 1932, our organization has become a Fortune 500® Company and the largest provider of health care products and services to office-based dental and medical practitioners. With more than 20,000 Team Schein Members and operations or affiliates in 31 countries and territories, Henry Schein, Inc. remains committed to the values-based culture that Henry and his wife, Esther, infused in their business eight decades ago, and to serving our customers, supplier partners, investors, society and Team Schein. By holding fast to our historical values and focusing on our future, we are certain that our best years are yet to come.
Over the course of 89 years, Henry Schein, Inc. has frequently reinvented the organization to meet customer needs, taking advantage of new technologies and tapping into burgeoning markets. Below are some of the changes that Henry Schein has undergone and innovations we have introduced over the course of eight decades.
Mission Statement & Corporate Charter
MISSION STATEMENT:
To provide innovative, integrated health care products and services; and to be trusted advisors and consultants to our customers - enabling them to deliver the best quality patient care and enhance their practice management efficiency and profitability.
CORPORATE CHARTER:
To Our Customers
We provide the best quality and value in products and services, helping our customers, as trusted advisors and consultants, to:
- Deliver quality health care to patients;
- Efficiently operate and grow practices; and
- Increase financial return and financial security.
To Our Shareholders and Venture Partners
We endeavor to provide continued growth and profitability, resulting in a superior return on investment.
To Team Schein Members
We foster an entrepreneurial environment, offer exciting opportunities for personal and professional growth, and treat each individual with respect and dignity.
To Our Suppliers
Together, we create an environment that enables us to grow our respective businesses in the spirit of partnership, with each making a fair profit.
To Society at Large
We act in a socially responsible manner to:
- Further humanitarian relief and disaster response;
- Increase access to health care among underserved populations;
- Strengthen wellness programs and volunteer activities;
- Enhance health care advocacy and education;
- Positively address environmental concerns; and
- Maintain the highest standards of corporate governance.