Henry Schein Expands its Practice Transition Service Offering with Acquisition of Florida Company

Posted: January 13, 2015
Edited by Dentaltown staff

MELVILLE, N.Y.—Henry Schein, the world's largest provider of health care products and services to office-based dental, animal health and medical practitioners, announced the acquisition of ADS Florida, one of the largest dental practice transition and brokerage companies serving Florida, and its parent company, Professional Transitions.

The acquisition expands the geographic reach of Henry Schein's practice transitions offerings to dental practice owners looking to buy or sell their practice. Financial and other terms of the transaction were not disclosed. Henry Schein expects the transaction to be neutral to its 2015 earnings per share. 

Based in Naples, ADS Florida specializes in dental practice sales, appraisals and practice transitions including partnerships, fractional sales and associate buy-ins and buy-outs. ADS Florida will become part of Henry Schein Financial Services, a wholly-owned subsidiary of Henry Schein.

Dr. Paul Rang, who represents the company's business in central and northern Florida, will continue to lead ADS Florida. Dr. Stuart Auerbach will be responsible for its business on Florida's east coast and Greg Auerbach for ADS Florida's business on the state's west coast.

"We are delighted to welcome Dr. Rang, Dr. Auerbach, Greg Auerbach and their ADS Florida colleagues to Henry Schein as our financial services business continues to expand its practice transitions footprint in large markets where the dental industry is flourishing," said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein.
 



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