Henry Schein, a Fortune 500 company that provides healthcare products and services to office-based practitioners, has acquired Ortho Organizers, a privately owned company with headquarters in Carlsbad, California.
Ortho Organizers, a full-line manufacturer and distributor of orthodontics products, has approximately 200 employees, including 20 sales representatives. The company’s Sales in 2008 were approximately $30 million, and its products are sold both domestically and internationally.
This acquisition is expected to be accretive to Henry Schein’s 2009 financial results. Terms of the transaction were not disclosed.
Stanley Bergman, Chairman and Chief Executive Officer of Henry Schein, said: “Orthodontics is a $1.2 billion global market, including $600 million in the United States, and Ortho Organizers is highly regarded within this important market segment. Ortho Organizers executives, including President and CEO George Guttroff, along with Henry Schein leadership will be working to develop the Henry Schein orthodontics platform. We are delighted to welcome our new colleagues from Ortho Organizers to Team Schein.”