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Henry Schein acquires Oak Hills remaining interest in Butler Schein Animal Health

Friday, 13 January 2012

Henry Schein, Inc., the largest provider of health care products and services to office-based practitioners, and Oak Hill Capital Partners announced that Henry Schein has acquired all of Oak Hill Capital Partners’ remaining interest in Butler Schein Animal Health for 155 million US-Dollar.

Henry Schein now owns 71.5% of Butler Schein Animal Health and expects this transaction to be accretive to 2012 diluted EPS by $0.02 to $0.03.

Hund"Since its formation in January 2010 Butler Schein Animal Health has performed exceedingly well, and we are delighted to be increasing our ownership interest in this industry leader. In addition to helping build the company into an outstanding organization prior to our merger, Oak Hill Capital has been a value-added partner in Butler Schein Animal Health. We will miss their contributions, and look forward to our continued partnership with the Ashkin family," said Stanley M. Bergman, Chairman and Chief Executive Officer of Henry Schein.

Butler Schein Animal Health is the leading U.S. companion animal health distribution company. Headquartered in Dublin, Ohio, the company operates through 18 distribution centers and 12 telecenters. Approximately 900 Butler Schein Animal Health team members including 300 field sales representatives and 200 telesales and customer support representatives serve animal health customers in all 50 states.

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