Henry Schein expands footprint in Japan with J. Morita stake

Henry Schein (NSDQ:HSIC) said it’s expanding its footprint in the Japanese dental market by buying a 50% stake in a subsidiary of J. Morita Corp. for an undisclosed amount. Melville, N.Y.-based Schein said the deal is for half of One Piece Corp., which has 8 dental dealerships in Japan and booked sales of roughly $ 125 million last year. Schein said it 1st entered Japan with the October 2014 acquisition of Iwase Dental Supply; former managing director Kenichiro “Ken” Iwase is due to lead the expanded Schein operation in there, the company said. “Japan represents an exciting strategic opportunity for Henry Schein,” chairman & CEO Stanley Bergman said in prepared remarks. “While Iwase Dental serves customers in the greater Tokyo area, the One Piec…
MedWorm: Dentistry