Midway Dental Supply, a full-service dental distributor supplying dental offices and dentistry laboratories throughout the Midwestern United States, has been acquired by Henry Schein, Inc., the biggest provider of health care solutions to office-based dental and medical practitioners in the world.
Midway Dental, a company with its headquarters in Livonia, Michigan and founded in 1987 by the late Roger Abigt, was fully bought by Henry Schein. In fiscal year 2022, this purchase is anticipated to only slightly reduce Henry Schein’s profits per share, but after that, it is anticipated to become substantially accretive. Financial details weren’t made public.
Around $110 million in sales were generated by Midway Dental in 2021, of which nearly $20 million came from the sale of COVID-19-related items and personal protective equipment (PPE). Nearly 7,000 customers can choose from a wide range of dental consumables, tools, services, and education materials offered by Midway Dental, which will be immediately merged into Henry Schein’s U.S. Dental division. The company’s efforts to provide specialised solutions and technologically advanced products and services to assist our dental customers in meeting patient demands will be furthered by the merger of Midway Dental’s sales and service team with Henry Schein’s network of dependable advisers.
“Over the past 35 years, Midway Dental has earned an excellent reputation within the industry, grounded by a strong commitment to customer service and industry leadership that is aligned with Henry Schein’s values-based culture and high-touch, full-service business model”, “Midway Dental’s vision to establish a nationwide footprint aligns with Henry Schein’s commitment to provide the products and services customers can rely on to work more efficiently and deliver high-quality patient care more effectively.”
Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein
About 200 people work for Midway Dental, including 55 sales reps and 50 service technicians, which is run by CEO Steven Kizy. In the position of Vice President, Strategic Development-U.S. Dental, Mr. Kizy will join Henry Schein.
“As part of Henry Schein, Midway Dental will have access to new capabilities, including an expanded portfolio of solutions to serve our customers even better while offering our staff exciting new career possibilities”, “More specifically, Midway Dental’s customers will benefit from the vast array of Henry Schein branded products as well as the latest digital technologies that are modernizing dental practices. We are delighted to be joining forces with the world’s leading provider of dental products and services.”
Mr. Kizy, CEO of Midway Dental
