Henry Schein, Inc. has completed the acquisition of North American Rescue, a leading provider of survivability and casualty-care medical products to the defense and public-safety markets.
The Melville-based company is the world’s largest provider of health care products and services to office-based dental and medical practitioners, while North American Rescue generated record sales of approximately $184 million in a 12-month period that ended October 31, 2018. When Henry Schein announced its agreement with NAR, it expects its new acquisition to be neutral to the Company’s 2019 earnings per share and accretive thereafter.
“North American Rescue is a highly regarded, fast-growing company that nicely complements our existing medical business, and we are delighted to have completed this merger,” said Stanley M. Bergman, chairman of the board and chief executive officer of Henry Schein. “The addition of NAR advances our goal of gaining market share and adding knowledgeable management and expertise in the critically important defense and civilian markets around the globe. We welcome our new colleagues to Team Schein and look forward to continued success together.”
With the transaction closed, NAR joins Henry Schein Medical, the U.S. medical business of Henry Schein, Inc., and will continue to be led by its current management team, including CEO Bob Castellani.
“By joining forces with Henry Schein, NAR will have access to the resources and capital necessary to accelerate our growth in the dynamic and highly competitive defense and public-safety markets,”Castellani said. “We look forward to being a part of a Fortune 500 company with global reach. It is extremely gratifying for us to continue to reinvest in our business and to help the local economy grow by giving back to the communities where we live and work.”