Henry Schein Completes Strategic Partnership With Biotech Dental Group

Posted: April 7, 2023
Edited by Dentaltown staff

MELVILLE, N.Y.— Henry Schein, Inc. announced it has completed the acquisition of a majority ownership stake of Biotech Dental S.A.S., provider of dental implants, clear aligners, and innovative digital dental software based in Salon-de-Provence, France. The transaction was first announced on December 16, 2022.

Philippe Veran, Biotech Dental Founder and President, will continue to lead the business, supported by Dr. Olivia Veran, a dental surgeon who is Biotech Dental's Senior Vice President and Managing Director. Biotech Dental will maintain its own brands and go-to-market strategies. Veran will work closely with Henry Schein’s management team to advance the growth of the company’s software, implant, and orthodontics businesses globally.

As part of the transaction, Mr. and Dr. Veran will also become minority partners in Henry Schein Orthodontics. This alignment enables Henry Schein and Biotech Dental to offer a best-in-class, comprehensive set of orthodontic solutions to its combined customer base, including software, aligners, and traditional orthodontic appliances.

Under the terms of the transaction, Henry Schein acquired a majority ownership position in Biotech Dental. Upperside Capital Partners Group will continue to own the remaining minority interest in the company. For the fiscal year 2022, Biotech Dental’s revenue was approximately $100 million. Henry Schein expects this transaction to be slightly dilutive to 2023 earnings per share when excluding amortization expense primarily due to non-cash acquisition accounting adjustments for inventory. Financial terms were not disclosed.

For more information, visit henryschein.com.

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