Henry Schein has announced the completion of its acquisition of Southern Anesthesia + Surgical (SAS), a US distributor of anesthesia and surgical supplies to oral surgeons, dental anesthesiologists, and periodontists.
SAS offers controlled and non-controlled pharmaceuticals, as well as surgical supplies, to approximately 11,500 customers and had 2016 sales of $72 million. The transaction was announced on February 20, 2017. Financial terms of the transaction were not disclosed.
With headquarters in West Columbia, South Carolina, and warehouse and customer service facilities in Reno, Nevada, and Tulsa, Oklahoma, SAS and its 88 team members will become part of ACE Surgical Supply Co., Inc. (ACE), a subsidiary of Henry Schein, Inc.
"We at Henry Schein are pleased to extend a warm welcome to our new colleagues from SAS as we unite two leading dental-surgical supply companies," said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein.
"SAS's loyal and long-standing customer relationships and ACE's standing as a global leader in the dental market greatly enhance our ability to serve the needs of oral surgery practitioners across the U.S. Together, we are able to provide our customers with a wide range of products and value-added services, including bone regeneration materials, that will help them grow their business and provide high-quality care to their patients."
The SAS business will continue to be led by its current management team, including Bill Alexander, Vice President and General Manager.
"We are delighted with the closing of the transaction and the opportunity to join forces with Henry Schein, the nation's full-service dental leader," Mr. Alexander said.
"Henry Schein's well-earned global reputation for excellence in customer service with a commitment to quality patient care, practice success, and innovation, makes the company and its ACE subsidiary an ideal partner as we explore opportunities to serve and grow the SAS customer base."
Since 1967, ACE has been dedicated to dental-surgical advancements and has become a leading global provider of bone regenerative products and compatible dental implant systems.
Headquartered in Brockton, Massachusetts, ACE employs 93 team members and provides supplies to more than 120,000 dental professionals in over 20 countries each year.
"We very much look forward to our partnership with SAS," said Craig Carchidi, President of ACE. "By combining two well-known and respected brands, we will offer a broader product portfolio focused on the unique needs of the dental surgeon."