Henry Schein to acquire a majority interest in Shield Healthcare, no terms

Henry Schein announced that it has signed an agreement to acquire a majority ownership position in Shield Healthcare, a supplier of homecare medical products delivered directly to patients in their homes. The addition of Shield Healthcare will advance Henry Schein Medical’s continuum-of-care delivery model. Headquartered in Valencia, Calif., Shield Healthcare had 2022 net sales of approximately $180M. Henry Schein expects the transaction to be neutral to 2023 non-GAAP earnings per share and accretive thereafter. Closing is subject to standard closing conditions and is expected to be completed in the third quarter of 2023. Financial terms were not disclosed.