Henry Schein Acquires Athens-based eVetPractice

Staff Report From Athens CEO

Tuesday, December 19th, 2017

Henry Schein, Inc., the world's largest provider of health care products and services to office-based dental, animal health, and medical practitioners, announced that it has acquired eVetPractice, a leading provider of cloud-based practice management solutions to veterinary clinics. eVetPractice will join Henry Schein Veterinary Solutions, the global leader in veterinary technology solutions, and become the newest addition to its expanding software portfolio.

"As the veterinary practice management software market expands into cloud-based solutions, we at Henry Schein understand that partnering with eVetPractice enhances our ability to power successful practices by providing our customers with the latest in value-added services and technology solutions," said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. "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."

Based in Athens, Georgia, and founded in 2011, eVetPractice is one of the fastest-growing cloud solutions in the U.S., serving approximately 900 customers. Henry Schein expects this transaction to be neutral to its 2018 earnings per share and to be accretive thereafter. Additional financial details and terms were not disclosed.

"eVetPractice will become an integrated part of Henry Schein's portfolio of technology solutions, which includes AVImark and ImproMed in North America, as well as Vision, RxWorks, and RoboVet internationally," said Chris Dollar, Global President of Henry Schein Veterinary Solutions. "The highly regarded eVetPractice solution will complement these offerings for our current and prospective customers who prefer the benefits of a cloud solution."

eVetPractice was founded by Eddie Heinz, who will join the HSVS executive team and continue to lead the eVetPractice solution and customer support teams. "Henry Schein's excellent reputation and extensive reach among veterinarians bodes well for our continued success and we are excited to become a part of this team," said Mr. Heinz. "In 2018, the eVetPractice software will be offered to current Henry Schein Veterinary Solutions customers as an option to move to the cloud. We will integrate the HSVS solutions into the eVetPractice software to bring those market-leading solutions to current and future eVetPractice customers."