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Henry Schein Partners With Ortho2

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Posted: April 30, 2018
Edited by Orthotown staff

MELVILLE, N.Y. and AMES, Iowa—Henry Schein and Ortho Computer Systems (Ortho2) have signed a definitive agreement to advance practice management software solutions to orthodontists.

As a result of the transaction, Henry Schein will own a 50 percent interest in Ortho2. The transaction, subject to closing conditions, is expected to be neutral to Henry Schein's 2018 diluted earnings per share. Financial terms were not disclosed.

"We welcome our new Ortho2 colleagues to Henry Schein, and look forward to continued success together," said Stanley M. Bergman, chairman of the board and chief executive officer of Henry Schein. "With this investment in Ortho2, we round out our dental software portfolio and gain a leadership position in orthodontist practice management software. This transaction supports our commitment to dental specialty markets, to advanced technology, and to category leadership. We look forward to offering advanced software solutions to orthodontists, just as we currently do to general practice dentists."

Founded in 1982 in Ames, Iowa by Dan Sargent and Dr. William Iversen, today Ortho2 has a staff of more than 70 people and offers the optimized Edge Cloud practice management solution as well as ViewPoint, a Windows-based software solution that launched in 1998. Ortho2 serves nearly 1,700 orthodontists in approximately 2,400 locations, and had record 2017 revenues of $14 million.

"We are delighted to be joining forces with Henry Schein," said Amy Schmidt, president, Ortho2. "We're proud of what we've accomplished in our 35 years as a completely independent company. The ongoing technology explosion and evolving orthodontic market now makes joining forces with Henry Schein a win-win for us and, most significantly, for our customers. The ability to leverage Henry Schein's comprehensive ecosystem will allow us to offer a turnkey solution including software, digital imaging, equipment, supplies and many other benefits to our current and future customers."

Senior advisor and past president Dan Sargent added, "This relationship is the end result of a long and thoughtful process. In Henry Schein, we found the right combination of strength, integrity, and common culture that made us feel good. It was important to me that we retain the people and practices that have helped us succeed all these years."

Ortho2 Edge Cloud delivers practice management, imaging and communication solutions. It offers all the features needed to run more effectively and efficiently: management, imaging, reminders, education animations, apps and more.

"Practice management software is the backbone of an efficient, profitable practice," Bergman added. "Henry Schein embraces an open architecture approach to all software and advanced technology, which allows for the purchase of products and services that best meet the needs of each individual practice."

For more information on Ortho2, visit ortho2.com.
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