Software of Excellence Acquires Dentally
Software of Excellence Acquires Dentally
Acquisition Expands Software of Excellence’s International Presence and Enhances Its Software Solutions Portfolio
Software of Excellence, a wholly owned subsidiary of Henry Schein One, announced today the acquisition of cloud-based UK dental software provider, Dentally, owned by NJ Technologies. Henry Schein One is a joint venture between Henry Schein, Inc. and Internet Brands that delivers integrated technology to enhance dental practice management.
Software of Excellence is a global supplier of dental practice management software. It has become established as one of the most forward thinking and innovative voices in the sector, providing dental software and technology-based business solutions for dental practitioners in the UK and abroad.
Dentally was founded in 2011 by Nick Davies, Chief Executive Officer, and James Harker, Chief Technology Officer, and has since grown to become an innovative provider for UK dentists searching for a flexible, cloud-based practice management solution. Under the terms of the acquisition, Mr. Davies and Mr. Harker will remain with the company, as the whole Dentally team joins Software of Excellence’s current, 150-strong workforce based in Gillingham.
“The whole focus of Henry Schein One is to provide integrated management systems that help dentists and their teams to constantly improve every stage of the patient’s experience,” said Ben Flewett, Managing Director, Software of Excellence International Group. “We are delighted about our new partnership with Dentally and we are looking forward to continuing to provide our respective customers with the very best end-to-end dental software solutions.”
Dentally had sales for the 12 months ended 31 May 2020, of approximately £1.5 million. Henry Schein, Inc. expects that Dentally will be neutral to the Company’s 2020 earnings per diluted share and accretive thereafter. Financial terms were not disclosed.
About Henry Schein One
Henry Schein One, founded in 2018 as a joint venture between Henry Schein and Internet Brands, is a software company providing integrated software and services to the dental industry. Headquartered in American Fork, Utah, the company offers solutions for dental practices, including Dentrix, Dentrix Ascend, Dentrix Enterprise, Easy Dental, TechCentral, Demandforce, Sesame Communications, Lighthouse360, Officite, and DentalPlans.com as well as international companies, including Software of Excellence, Logiciel Julie, InfoMed, Exan, and LabNet, among others. For more information, visit www.henryscheinone.com.
About Henry Schein, Inc.
Henry Schein, Inc. (Nasdaq: HSIC) is a solutions company for health care professionals powered by a network of people and technology. With more than 19,000 Team Schein Members worldwide, the Company’s network of trusted advisors provides more than 1 million customers globally with more than 300 valued solutions that improve operational success and clinical outcomes. Our Business, Clinical, Technology, and Supply Chain solutions help office-based dental and medical practitioners work more efficiently so they can provide quality care more effectively. These solutions also support dental laboratories, government and institutional healthcare clinics, as well as other alternate care sites.
Henry Schein operates through a centralized and automated distribution network, with a selection of more than 120,000 branded products and Henry Schein private-brand products in stock, as well as more than 180,000 additional products available as special-order items.
A FORTUNE 500 Company and a member of the S&P 500® index, Henry Schein is headquartered in Melville, N.Y., and has operations or affiliates in 31 countries. The Company’s sales from continuing operations reached $10.0 billion in 2019, and have grown at a compound annual rate of approximately 13 percent since Henry Schein became a public company in 1995.
For more information, visit Henry Schein at www.henryschein.com, Facebook.com/HenrySchein, and @HenrySchein on Twitter.
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Risk factors and uncertainties that could cause actual results to differ materially from current and historical results include, but are not limited to: effects of a highly competitive and consolidating market; increased competition by third party online commerce sites; our dependence on third parties for the manufacture and supply of our products; our dependence upon sales personnel, customers, suppliers and manufacturers; our dependence on our senior management; fluctuations in quarterly earnings; risks from expansion of customer purchasing power and multi-tiered costing structures; increases in shipping costs for our products or other service issues with our third-party shippers; general global macro-economic conditions; risks associated with currency fluctuations; risks associated with political and economic uncertainty; disruptions in financial markets; volatility of the market price of our common stock; changes in the health care industry; implementation of health care laws; failure to comply with regulatory requirements and data privacy laws; risks associated with our global operations; risks associated with the Novel Coronavirus Disease 2019 (COVID-19); risk associated with the United Kingdom’s withdrawal from the European Union; transitional challenges associated with acquisitions, dispositions and joint ventures, including the failure to achieve anticipated synergies/benefits; financial and tax risks associated with acquisitions, dispositions and joint ventures; litigation risks; new or unanticipated litigation developments and the status of litigation matters; the dependence on our continued product development, technical support and successful marketing in the technology segment; our dependence on third parties for certain technologically advanced components; risks from disruption to our information systems; cyberattacks or other privacy or data security breaches; certain provisions in our governing documents that may discourage third-party acquisitions of us; and changes in tax legislation. The order in which these factors appear should not be construed to indicate their relative importance or priority.
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