Henry Schein to acquire C&M Vetlink
World’s largest provider of healthcare products and services Henry Schein, Inc said it has signed agreements to buy C&M Vetlink. C&M Vetlink is a well-known distributor of animal health products in Ireland.
The closing of this acquisition is subject to receipt of the approval by 90% C&M Vetlink shareholders, as well as the approval by Ireland’s Competitive Authority.
These conditions are likely to be satisfied by end of this year. The deal is expected to be neutral to slightly accretive to Henry Schien’s financial results for next year.
Stanley M. Bergman, Chairman and Chief Executive Officer of Henry Schien said, “As the premier provider of products and services to office-based veterinarians in Europe, we look forward to extending our pan-European presence to Ireland through the acquisition of C&M Vetlink.” Besides, he also said, “The strong legacy of C&M Vetlink will immediately position us as a leading Irish animal health distributor and complement our well-established animal health business in the United Kingdom and in other European countries.” He adds, “We very much welcome the opportunity to build on the firm foundation of C&M Vetlink and to providing our Irish veterinary customers with even more products and services to meet their practice needs.”
After the closing, Edmond Wall, C&M Vetlink’s Managing Director, will join Henry Schien as Managing Director, C&M Vetlink, Ireland and Jim Spratt, C&M Vetlink’s assistant managing director, will join Henry Schein as operations director, C&M Vetlink, Ireland.
Henry Schein is a well-known pan-European distributor of animal health products and services. With the addition of C&M Vetlink, the company will serve veterinary customers in 11 countries across Europe, including Austria, Belgium, the Czech Republic, France, Germany, Holland, Ireland, Portugal, Spain, Switzerland and the UK.
C&M was founded in 1973 as a distributor of certain pharmaceutical products in Ireland. Today, the company distributes wide variety of veterinary and companion animal health products to veterinarians across Ireland.