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Wednesday, April 11, 2012

Henry Schein expands in European animal health mkt with Dutch buy, (NASDAQ: HSIC)

Healthcare products distributor Henry Schein Inc said it will purchase AUV Veterinary Services BV for an undisclosed amount to enter the Dutch and Belgian animal health markets.AUV Veterinary Services, the veterinary distribution business of privately held AUV Group, reported sales of $270.4 million (194.2 million euros) in 2011.The deal, which is expected to close later this quarter, will slightly dilute 2012 earnings, Henry Schein said in a statement."This important addition will further our Pan-European strategy of providing animal health practitioners across the continent...," Henry Schein chief executive Stanley Bergman said in a statement.

Henry Schein, Inc. is a provider of health care products and services to office-based practitioners. Shares of HSIC remained unchanged at $73.79. In the past year, the shares have traded as low as $58.50 and as high as $77.05. On average, 461706 shares of HSIC exchange hands on a given day and today's volume is recorded at 0.



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