Company has experienced exponential growth, generated record profits since 1995 debut
Henry Schein, Inc. (NASDAQ: HSIC), the largest distributor of healthcare products and services to office-based practitioners in the combined North American and European markets, today celebrated its tenth anniversary as a publicly-traded company by opening The NASDAQ® Stock Market. Surrounded by senior Henry Schein executives and partners from the healthcare professions and public and private sectors, Henry Schein Chairman and Chief Executive Officer Stanley M. Bergman officially began the trading day at a ceremony at NASDAQ’s MarketSite in New York City.
“It has been a wonderful 10 years for Henry Schein,” said Mr. Bergman. “Since our first share of stock was traded on November 3, 1995, Team Schein has grown from 2,500 members to more than 11,000; we have expanded operations to now include 19 countries around the world; our sales have increased at a compound annual growth rate of nearly 23 percent; our market cap has grown from $300 million to $3.7 billion; and our stock value has climbed from $8 per share to $42.91 – a five-fold increase. Two years ago we were recognized as a Fortune 500 company, and we continue to grow steadily.”
At a reception prior to the opening, Mr. Bergman discussed the Company’s ongoing commitment to its five constituencies – shareholders, customers, vendors, Team Schein and society. Noting the importance of social responsibility, Mr. Bergman discussed Henry Schein Cares, the Company’s global corporate citizenship program. He urged other CEOs to find ways to contribute the core competencies of their companies, and to forge strategic partnerships with other businesses, professional associations and the public sector.
“Whether it is providing disaster response and relief, supporting national public health initiatives, or initiating programs to help the less fortunate in their home communities, I encourage all executives to find ways for their companies to give back,’ said Mr. Bergman. “Our experience at Henry Schein, particularly our success over the past 10 years, has proven that Benjamin Franklin was right – a company can do well by doing good.”