Henry Schein Acquires EVetPractice; Terms Not Disclosed - Quick Facts

(RTTNews) - Henry Schein, Inc. (HSIC), a provider of health care products and services to office-based dental, animal health, and medical practitioners, said it has acquired eVetPractice, a provider of cloud-based practice management solutions to veterinary clinics. Financial details and terms of the deal were not disclosed.

eVetPractice will join Henry Schein Veterinary Solutions or HSVS, a provider of veterinary technology solutions, and become the newest addition to its expanding software portfolio.

Stanley Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein, said, "Our distribution footprint and comprehensive technology offerings, which now includes the cloud, ensure that veterinary professionals can continue to rely on us as a trusted advisor, as we endeavor to help them operate more efficient and successful practices while delivering quality care."

Founded in 2011, Athens, Georgia-based eVetPractice is one of the fastest-growing cloud solutions in the U.S., serving approximately 900 customers. Henry Schein expects the transaction to be neutral to its 2018 earnings per share and to be accretive thereafter.

eVetPractice was founded by Eddie Heinz, who will join the HSVS executive team and continue to lead the eVetPractice solution and customer support teams.