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This merger creates an enhanced value chain that connects the veterinarian, the manufacturer, and the pet owner through insights andĪnalytics that will support better clinical and financial outcomes. Market, said Ben Shaw, Founder and CEO of Vets First Choice, who will become CEO of the new company. We are early in the lifecycle of rapid technological change in the animal health
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We see significant growth opportunities in both the dental and medical markets, such as advancing our position in practice management solutions, including those provided by our new Henry Schein One joint venture, andĮxpanding our penetration with health care practitioners and specialists as well as large group practices and ambulatory care sites. ∻uilding upon our long history of reinvention, the Company will continue to expand our offering of innovative solutions for ourĭental and medical customers. We are similarly excited about the significant growth opportunities for Henry Scheinsĭental and medical businesses as we implement our 2018-2020 Strategic Plan, Mr. Bergman continued. Bergman, Chairman of the Board and Chief Executive Officer, Henry Success of Vets First Choice and believe the combined management team is well positioned to capitalize on the significant opportunities created by the merger, said Stanley M.
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Over the years we have observed the impressive We are excited about the merger of Henry Schein Animal Health with Vets First Choice. is expected to improve health outcomes for theīenefit of pets and their owners, while driving increased demand for products and services for the benefit of veterinary offices and manufacturers. By bringing together the power of data analytics, digital communications, practice management software, and supply chain expertise into a multi-channel platform, Vets First Corp. The new company, to be called Vets First Corp., will harness insights and analytics to provide pro-active prescription management, and combined with Henry Scheins leading global animal health solutions, will create a unique animal health service and technology platform dedicated to supporting the Today for Henry Schein to spin off its Animal Health business and merge it with Vets First Choice, creating an innovative approach to advancing the delivery of animal health care designed to provide unique benefits to veterinarians, manufacturers, (Nasdaq: HSIC) and Vets First Choice announced plans MELVILLE, N.Y., and PORTLAND, ME, April 23, 2018 Henry Schein, Inc. Upon Completion of the Transaction, Henry Schein Shareholders Will Own Approximately 63% and Vets First Choice Shareholders Will Own Approximately 37% of the New Company Henry Schein Expects to Receive Between $1.0-$1.25 Billion in Cash on a Tax-Free BasisĬonference call with slide presentation begins at 8:30 a.m. Synergies for the Combined Animal Health Businesses Expected to be in Excess of $100 Million Transaction Unlocks Value for Henry Schein Shareholders by Creating an Exciting New Animal Health Company While Providing Enhanced Focus for Its Growing Dental and Medical Businesses Year-Three Operating Income Henry Schein Will Spin Off Its Animal Health Business, Which Will Merge with Vets First Choice Forming an Independent Public Company WITH VETS FIRST CHOICE, CREATING AN INNOVATIVE HENRY SCHEIN TO SPIN OFF AND MERGE ITS ANIMAL HEALTH BUSINESS
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Joint press release was issued on April 23, 2018: Pursuant to Rule 425 under the Securities Act of 1933, as amended