Henry Schein Announces Completion of Strategic Investment by KKR and Appointment of Dan Daniel to Board of Directors
May 16 2025 - 4:10PM
Business Wire
Henry Schein, Inc. (Nasdaq: HSIC), the world’s largest provider
of health care solutions to office-based dental and medical
practitioners, today announced the successful completion of a $250
million strategic investment by funds affiliated with KKR, a
leading global investment firm. Upon the closing of this
transaction, KKR has become the holder of approximately 12% of the
common shares of Henry Schein.
In connection with the investment, William K. “Dan” Daniel,
Executive Advisor to KKR and former Executive Vice President of
Danaher Corporation, has officially joined Henry Schein’s Board of
Directors as an independent director. He joins Max Lin, Partner at
KKR and leader of the firm’s Health Care industry team in the
Americas, who became a member of Henry Schein’s Board of Directors
on May 2, 2025.
Max Lin leads the Health Care industry team within KKR, and
since joining in 2005, he has overseen a number of investments in
the areas of dental services and other health care providers,
medical products and equipment, and health care software and
information technology. Dan Daniel has over three decades of global
leadership experience in industrial and health care sectors,
including 14 years as Executive Vice President at Danaher, where he
oversaw multiple segments and played a key role in advancing the
company’s culture and business system. In connection with each of
their appointments, Mr. Lin was appointed to the Nominating and
Governance Committee as Vice Chair; Mr. Daniel was appointed to the
Compensation Committee; and each of Mr. Lin and Mr. Daniel was
appointed to the Strategic Advisory Committee.
“We are pleased to welcome Max and Dan to the Board as we embark
on this exciting next chapter for Henry Schein,” said Stanley M.
Bergman, Chairman of the Board and Chief Executive Officer of Henry
Schein. “Their deep experience in health care, operations, and
strategic growth will be invaluable as we continue executing on our
BOLD+1 strategy and creating long-term value for our
stakeholders.”
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 approximately 25,000
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 help 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 health care clinics, as well as other
alternate care sites.
Henry Schein operates through a centralized and automated
distribution network, with a selection of more than 300,000 branded
products and Henry Schein corporate brand products in our
distribution centers.
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 33 countries and territories. The Company's sales
reached $12.7 billion in 2024, and have grown at a compound annual
rate of approximately 11.2 percent since Henry Schein became a
public company in 1995.
For more information, visit Henry Schein at www.henryschein.com,
Facebook.com/HenrySchein, Instagram.com/HenrySchein,
LinkedIn.com/Company/HenrySchein, and @HenrySchein on X.
About KKR KKR is a leading global investment firm that
offers alternative asset management as well as capital markets and
insurance solutions. KKR aims to generate attractive investment
returns by following a patient and disciplined investment approach,
employing world-class people, and supporting growth in its
portfolio companies and communities. KKR sponsors investment funds
that invest in private equity, credit and real assets and has
strategic partners that manage hedge funds. KKR’s insurance
subsidiaries offer retirement, life and reinsurance products under
the management of Global Atlantic Financial Group. References to
KKR’s investments may include the activities of its sponsored funds
and insurance subsidiaries. For additional information about KKR
& Co. Inc. (NYSE: KKR), please visit KKR’s website at
www.kkr.com. For additional information about Global Atlantic
Financial Group, please visit Global Atlantic Financial Group’s
website at www.globalatlantic.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20250516439220/en/
Investors Ronald N. South Senior Vice President and Chief
Financial Officer ronald.south@henryschein.com (631) 843-5500
Graham Stanley Vice President, Investor Relations and Strategic
Financial Project Officer graham.stanley@henryschein.com (631)
843-5500 Media Henry Schein Tim Vassilakos Executive Director,
Global Corporate Communications timothy.vassilakos@henryschein.com
(516) 510-0926 KKR Liidia Liuksila media@KKR.com
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