135 Duryea Road
Melville, NY 11747
CEO: Stanley Bergman
Stock Symbol: HSIC
Henry Schein, Inc. is the largest distributor of healthcare products to office-based practitioners in North America and Europe. The company serves over 700,000 customers worldwide which include dental practices and laboratories, physician practices, and veterinary clinics, as well as government and other institutions.
Henry Schein has more than 2,750 field sales consultants (including equipment sales specialists), and 1,400 telesales representatives, supported by 202 equipment sales and service centers, and a highly targeted direct marketing program. Through this program, more than 27 million catalogs, order stuffers, flyers, newsletters, e-mails, and other materials are distributed annually.
Henry Schein operates its four business groups - Dental, Medical, International, and Technology - through a centralized and automated distribution network, which provides customers in more than 200 countries with a selection of over 190,000 national and Henry Schein private-brand products. Henry Schein also offers a wide range of innovative, value-added practice-management solutions, including such leading practice-management software systems as DENTRIX and Easy Dental for dental practices; and AVImark for veterinary clinics; and ArubA, Henry Schein's electronic catalog and ordering system. The software has a user base of over 65,000 practices.
In 2009, the company reported revenues of $6.5 billion and net income of $311.1 million.
Headquartered in Melville, NY, Henry Schein employs nearly 14,000 people in 24 countries.
In 1932, Henry Schein was a young pharmcist
who opened his own pharmacy and soda fountain in Woodside, NY
with $500 in savings. In 1942, Schein began selling penicillin
directly to customers. This would become a turning point for
By 1953, Henry Schein would grow its business
by shifting focus from the consumer market to the office-based
In 1962, the company moved into a new warehouse
facility in Flushing, NY after introducing its first comprehensive
By the 1970s, the company would aim its
focus on the dental market.
In 1983, the company created a system to
allow for orders to be placed via touch-tone phone and eventually
Henry Schein would pass away in 1987. The
company would go public in 1995.
- The company offers comprehensive medical (including a prescription
drug benefit), dental, and vision-care programs that provide
a wide variety of coverage levels to meet individual needs. These
programs contain access to care through a network of providers
as well as the option to choose a provider not currently affiliated
with the network. In addition, some locations offer convenient
on-site wellness programs to help maintain good health.
401(k) Retirement Plans - To help build retirement savings, Henry Schein
offers a competitive 401(k) Plan with a matching Company contribution.
Starting immediately, you can invest your money in a wide range
of investment options to meet your financial goals. You may also
rollover eligible distributions from your former employer's plan
right away. The Company matches eligible contributions after
one year of service.
- To help protect you and your family against serious financial
consequences, Henry Schein provides Team Members with a variety
of income-protection programs aimed at providing income replacement
in times of need. These programs include: Life Insurance, Accidental
Death and Dismemberment (AD&D), Business Travel Accident
Insurance, Voluntary Life Insurance, Voluntary AD&D, Dependent
Life Insurance, Short-Term Disability, and Long-Term Disability.
Flexible Spending Accounts - Flexible Spending Accounts (FSA) enable Team
Schein Members to direct a portion of their pay, on a pretax
basis, into special accounts that can be used to reimburse them
for certain medical and dependent care expenses that are not
covered under other benefit plans (e.g., co-pays, deductibles,
over-the-counter medications, daycare expenses, etc.). Since
the amount you elect to contribute to the FSA is deducted from
your paycheck on a pretax basis, you save money by reducing your
taxes. This amount is then reimbursed to you after submitting
eligible claims. To maximize your benefit, careful planning is
Educational Benefits - Henry Schein recognizes and promotes the importance
of education. Whether you are continuing your own education or
planning for your children's education, assistance is provided
through the following benefits:
- Tuition Assistance - Eligible tuition expenses are reimbursed
for Team Schein Members up to a maximum amount each year for
qualifying educational expenses.
- Worldwide Scholarship Program - This program is designed
to assist in making higher education more available to the children
of our Team Schein Members. Annual scholarship awards are
provided to eligible children.
- 529 College Savings Plan - This plan provides a tax-advantaged
way for you to save for a college education for your children,
grandchildren, or whomever you choose, via post-tax payroll deductions.
Your money is then invested in specific investment options (you
choose from a variety of options offered). The earnings
on your investments grow free from federal taxes and the distributions
are free from federal taxes when used to pay for qualified college
Team Schein Assistance Program - To help Team Members successfully manage their
day to day lives, Henry Schein offers a Work/Life Assistance
Program. This program utilizes both a website and telephone based
reference center. This Program is confidential and is available
for our Team Members 24 hours a day, 7 days a week.
- Henry Schein recognizes that everyone needs time-off to handle
personal and other important matters or just for rest and relaxation.
Therefore, we offer a variety of paid time-off including: vacation
time, sick/personal days, certain national holidays, and floating
holidays as well as bereavement, jury duty, or military leave.