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Corporate Social Responsibility
News
11.30.2005 ET
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Henry Schein Opens NASDAQ Stock Market to Mark 10 Years as a Publicly-Traded Company; Company Has Experienced Exponential Growth, Generated Record Profits since 1995 Debut
(CSRwire) MELVILLE, N.Y.--(BUSINESS WIRE)--Nov. 30, 2005--Henry Schein,
Inc.
(NASDAQ: HSIC), the largest distributor of healthcare products and
services to office-based practitioners in the combined North American and
European markets, today celebrated its tenth anniversary as a
publicly-traded company by opening The NASDAQ(R) Stock Market. Surrounded
by senior Henry Schein executives and partners from the healthcare
professions and public and private sectors, Henry Schein Chairman and
Chief Executive Officer Stanley M. Bergman officially began the trading
day at a ceremony at NASDAQ's MarketSite in New York City.
"It has been a wonderful 10 years for Henry Schein," said Mr. Bergman.
"Since our first share of stock was traded on November 3, 1995, Team
Schein has grown from 2,500 members to more than 11,000; we have expanded
operations to now include 19 countries around the world; our sales have
increased at a compound annual growth rate of nearly 23 percent; our
market cap has grown from $300 million to $3.7 billion; and our stock
value has climbed from $8 per share to $42.91 - a five-fold increase. Two
years ago we were recognized as a Fortune 500 company, and we continue to
grow steadily."
At a reception prior to the opening, Mr. Bergman discussed the Company's
ongoing commitment to its five constituencies - shareholders, customers,
vendors, Team Schein and society. Noting the importance of social
responsibility, Mr. Bergman discussed Henry Schein Cares, the Company's
global corporate citizenship program. He urged other CEOs to find ways to
contribute the core competencies of their companies, and to forge
strategic partnerships with other businesses, professional associations
and the public sector.
"Whether it is providing disaster response and relief, supporting
national public health initiatives, or initiating programs to help the
less fortunate in their home communities, I encourage all executives to
find ways for their companies to give back," said Mr. Bergman. "Our
experience at Henry Schein, particularly our success over the past 10
years, has proven that Benjamin Franklin was right - a company can do well
by doing good."
About Henry Schein, Inc.
Henry Schein, a Fortune 500(R) company, is recognized for its
excellent customer service and highly competitive prices. The Company's
four business groups--Dental, Medical, International and Technology--serve
more than 475,000 customers worldwide, including dental practices and
laboratories, physician practices and veterinary clinics, as well as
government and other institutions. The Company's sales from continuing
operations reached a record $3.9 billion in 2004. The Company operates
through a centralized and automated distribution network, which provides
customers in more than 125 countries with a comprehensive selection of
over 160,000 national and Henry Schein private-brand products.
Henry Schein also offers a wide range of innovative value-added practice
solutions for healthcare professionals, such as ArubA(R), the Company's
electronic catalog and ordering system. Henry Schein's leading practice
management software systems have been installed in more than 50,000
practices - DENTRIX(R) and Easy Dental(R) for dental practices, and
AVImark(R) for veterinary clinics.
Headquartered in Melville, N.Y., Henry Schein employs nearly 11,000
people and operations in 19 countries. For more information, visit the
Henry Schein Web site at www.henryschein.com.
Copyright Business Wire 2005
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