MELVILLE (dpa-AFX) - Henry Schein, Inc. (HSIC) a health care service provider, Wednesday said it completed the acquisition of Poland-based Medivet, a distributor of animal health products, gaining about 80 percent stake of ownership.
Chief Executive Stanley Bergman said, 'Medivet provides a strategic base for expansion in Eastern Europe's growing animal health market and the opportunity to work collaboratively with Henry Schein's other businesses in the region, in particular the Czech Republic.'
Medivet has reported sales of about $86 million in 2013 while Henry Schein's Global Animal Health business had sales of about $2.6 billion in the year. The transaction was Henry Schein's first investment in Poland and now including Poland, Henry Schein operates in 26 countries.
Copyright RTT News/dpa-AFX