Henry Schein Ranks #1 in Its Industry for Social Responsibility as a Fortune 2011 World's Most Admired Company
MELVILLE, N.Y., March 24, 2011 /PRNewswire via COMTEX/ --
Henry Schein, Inc. (Nasdaq: HSIC), the largest distributor of health care products and services to office-based dental, medical and veterinary practitioners, has been ranked number one in the "Wholesalers: Health Care" industry in Fortune Magazine's 2011 list of "World's Most Admired Companies" in the categories of Social Responsibility and Global Competitiveness. The survey upon which these rankings were based included 673 companies from 32 countries.
"Henry Schein is honored to be included together with some of the most respected companies in the world in Fortune's 'World's Most Admired Companies' list," said Stanley M. Bergman, Chairman and Chief Executive Officer of Henry Schein, Inc. "Since our Company's beginning nearly eight decades ago, Henry Schein has retained a deep commitment to social responsibility. This commitment to giving back to society has endured and, in fact, has steadily grown, as Henry Schein has rapidly expanded our business around the world. Being recognized by our peers and other business leaders for our accomplishments in social responsibility as well as for our global competitiveness, is a source of great pride for us."
The mission of Henry Schein Cares, the Company's global corporate social responsibility program, is to enhance access to care for underserved populations globally through the support of not-for-profit organizations, institutions, and communities dedicated to increasing the delivery of health education and care. Henry Schein establishes strategic public-private partnerships to carry out this mission with a special emphasis on three areas of focus: wellness, prevention, and treatment; emergency preparedness and relief; and capacity building. By contributing Henry Schein's own core competencies, supplemented with the contributions of the Company's generous supplier partners, and working in collaboration with all segments of the dental, medical, and animal health communities, Henry Schein Cares is able to increase access to care for communities around the world.
Henry Schein is rapidly expanding its business around the world. The first international operations were established in 1990 in Europe, and since that time, Henry Schein has expanded to have operations or affiliates in 25 countries. The Company's international business represents more than a third of Henry Schein's total sales.
To determine the "World's Most Admired" rankings, Fortune Magazine and its partner, Hay Group, surveyed Fortune 1000 and Global 500 companies as well as the top foreign companies operating in the United States. Customized industry questionnaires were distributed to senior executives, directors, and industry analysts, who were asked to rate companies in their own industry on nine criteria. These criteria included Social Responsibility; Global Competitiveness; Innovation; Use of Corporate Assets; Financial Soundness; Quality of Products and Services; Quality of Management; and People Management. The survey results appear in the March 21, 2011 edition of Fortune magazine.
About Henry Schein, Inc.
Henry Schein, a Fortune 500(R) company and a member of the NASDAQ 100(R) Index, is the largest distributor of products and services to office-based health care practitioners. The Company is recognized for its excellent customer service and highly competitive prices. The Company's five businesses - North American Dental, North American Medical, North American Animal Health, International and Technology - serve more than 700,000 customers worldwide, including dental practitioners and laboratories, physician practices and animal health practices, as well as government and other institutions.
The Company operates through a centralized and automated distribution network, which provides customers in more than 200 countries with a comprehensive selection of more than 90,000 national and Henry Schein private-brand products in stock, as well as more than 100,000 additional products available as special-order items. Henry Schein also provides exclusive, innovative technology offerings for dental, medical and veterinary professionals, including value-added practice management software and electronic health record solutions.
Headquartered in Melville, N.Y., Henry Schein employs more than 14,000 people and has operations or affiliates in 25 countries. The Company's net sales reached a record $7.5 billion in 2010. For more information, visit the Henry Schein Web site at www.henryschein.com.
SOURCE Henry Schein, Inc.