Henry Schein, a Fortune 500 company, has announced the acquisition of Acentus, a Tampa-based medical supply company established in 2002. The acquisition reflects Henry Schein’s strategy to expand its offerings in the home medical supply market, adapting to the increasing shift of healthcare delivery to home-based settings in the U.S. Financial details of the transaction have not been disclosed.
Henry Schein is enhancing its national presence in the home medical supply sector. The company’s CEO, Stanley M. Bergman, emphasized the strategic nature of this acquisition, highlighting its role in strengthening their ability to serve various healthcare providers and, importantly, patients and families. The acquisition of Acentus aligns with previous purchases made by Henry Schein, including Prism Medical Products LLC in 2021 and Shield Healthcare and Mini Pharmacy in 2023. This sequence of acquisitions underscores Henry Schein’s commitment to broadening its reach in the healthcare sector.
Acentus has been a significant player in the Tampa Bay region, generating $35 million annually. Such strong financial performance and market presence likely influenced Henry Schein’s decision to incorporate Acentus into its expanding portfolio. By acquiring Acentus, Henry Schein aims to capitalize on Acentus’s established reputation and comprehensive offerings in the medical supply industry.
The founders of Acentus, Brett Carroll, Todd Cianfrocca, Greg Duvall, and Julio Valdivia, will join the Henry Schein team, bringing their expertise and leadership to the larger organization. This transfer of talent signifies a smooth transition and integration of services, which is crucial for maintaining the quality and reliability that both companies’ clients have come to expect.
Henry Schein, founded in 1932 and headquartered in New York, has grown into a global leader, with annual revenue reaching $12.3 billion and serving over a million customers across 33 countries and territories. The company’s extensive network and resources position it well to leverage the capabilities of Acentus and further enhance services in the medical supply industry.
The acquisition of Acentus by Henry Schein marks an important strategic move in the evolving landscape of healthcare. By bringing Acentus under its umbrella, Henry Schein not only broadens its market capabilities but also ensures that it continues to meet the growing demand for home-based healthcare solutions. This strategic acquisition demonstrates Henry Schein’s commitment to innovation and leadership in the medical supply sector, paving the way for continued growth and improved service delivery.
Source: Businessobserverfl
