Trade Henry Schein
Henry Shine, Inc. is an American distributor of healthcare products and services with a presence in 32 countries. The company is the world's most admired Fortune company and ranks first in its social responsibility industry by Fortune Magazine. Herini Shine has been recognized by the Ethesiver Institute as the world's most ethical company six times as of 2017. in 1932, Henry Shine, a graduate of Columbia University School of Pharmacy, borrowed $500 and opened a pharmacy in Queens, New York. The company expanded into dental supplies in the 1960s, and by the late 1980s, Henry Shine held nearly 10 percent of the dental supply market. Marvin Shine, son of Henry Shine, took over day-to-day operations in 1971.In 1978, and Jay Shine, the son of founder Henry Shine, became ceo. When Jay Shine died of cancer in 1989, Stanley Bergman took over as CEO. Bergman was born in South Africa and came to New York in 1976, where he became an accountant. In 1980, he joined Henry Shine and was promoted to CFO. Henry Shine filed a contract with the U.S. Securities and Exchange Commission in 1995 to sell 6.2 million shares in an initial public offering with William Blair & Co. as a major guarantor. The IPO raised $72.8 million and began trading on nasdaq. By 1996, the company had sales of $1.4 billion and $29 million in profits under Bergman's leadership. That year, the company made 17 acquisitions. In August 1997, Henry Shine agreed to purchase The Sullivan Dental Products Company for approximately $318 million. The purchase made the company the largest distributor in the world For dental equipment and supplies. At that point, Henry Shine made 16 acquisitions in 1997. Also in 1997, Henry Shine acquired New York-based medical products distributor Micro BioMedics Inc. as well as Dentrix Dental Systems.Henry Schein announced the acquisition of Demedis GmbH and Euro Dental Holding GmbH in June 2004. In November 2009, it was announced that Henry Shine & Butler Animal Health Supplies will launch a joint venture of Buttler Sheen Animal Health, the largest veterinary sales and distribution company in the United States. Butler Shine Animal Health was named Henry Shine Animal Health in 2013. Between 1989 and 2016, Henry Shine bought nearly 200 companies. The company's CEO, Stanley Bergman, was announced as CEO of Magazine of the Year in May 2017.In 2018, accusing the FTC of violating antitrust laws. In October 2019, the FTC's chief administrative law judge dismissed the claims against Henry Shine while finding that Binco and Patterson violated U.S. antitrust laws. In February 2019, Henry Shine weaved the company's animal health business and merged it with Vets First Choice to form a new company. The new company was founded as Covetrus.Henry Schein Inc. was one of six major defendants in lawsuits with state and local governments for the opioid epidemic in the United States. The company was dismissed as its defendant in October 2019 in the Summit County, Ohio, lawsuit.