Henry Schein has acquired Midway Dental Supply, a dental equipment distributor based in Livonia, MI.
Founded in 1987, Midway Dental has approximately 200 employees and serves nearly 7,000 customers throughout the Midwest. In 2021, it generated sales of approximately $110 million, including nearly $20 million in sales of personal protective equipment and COVID-19-related products, Henry Schein said. The firm's portfolio of dental consumable merchandise, equipment, services, and education products will be immediately consolidated into Henry Schein's U.S. dental business.
Furthermore, Midway Dental's sales and services team will be integrated with Henry Schein's network of advisers. Midway Dental's CEO Steven Kizy will join Henry Schein as vice president, strategic development - U.S. Dental.
Terms of the deal were not disclosed. Henry Schein said the transaction is expected to be modestly dilutive to its earnings per share in fiscal 2022 and increasingly accretive thereafter.
