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.
Dexcom: changing the lives of people with type 1 diabetes
It is estimated that 9.3% of adults around the world are living with type 1 diabetes, which amounts to a total of 463 million people. A further 1.1 million children and adolescents under the age of 20 are living with the condition.
Unlike the more prevalent type 2 diabetes, where the body still produces insulin and symptoms develop slowly, people with type 1 diabetes need regular insulin injections or pumps, and must monitor their sugar levels frequently.
In recent years a number of remote glucose monitoring systems have become available that patients can use at home. These work with a sensor, usually placed under the skin, that measures glucose levels every few minutes. This information is then transmitted wirelessly to a device like a smartphone or tablet, which can then be shared with their clinician.
British actress Nina Wadia's son Aidan, 14, has type 1 diabetes, and has been managing his condition using Dexcom, a glucose monitoring system used by patients all over the world. Here Wadia explains how Dexcom has improved their lives.
As a parent of someone with type 1 diabetes, what is your day-to-day life like?
Being able to take a breath, think and pivot constantly without getting frustrated becomes an essential mindset because sometimes it feels like each day is determined to be different from the day before. Whatever worked yesterday is going to misfire today.
Which areas of yours and Aidan’s life are most impacted by diabetes?
The one thing that you have to fight hard to reclaim is spontaneity, especially when it comes to food and exercise. It’s only when this is taken do you realise how essential each one is. You can be flexible and there are no real limits, but only in the sense that a great athlete can be flexible without limits because they’ve trained super hard to be that way. So we’ve all had to become athletes when it comes to being spontaneous.
How has Dexcom helped you and Aidan?
Dexcom has brought future science fiction to real life today. The continuous glucose monitoring system is tiny, sits discreetly on his body and gives him a ten-day breather between sensor changes, so it's goodbye finger-pricking seven times daily.
Dexcom is totally active at a grass roots level and for Diabetes Awareness has pledged to donate £2,000 if #DexcomDiabetesStories and/or #DexcomWarriorStories is shared 200 times! I’ll be sharing more on social media and would love to hear how other families are winning their fights.
Maybe most importantly Dexcom is trying to introduce a reimbursement programme for type 1 diabetes patients which will give greater access to modern, life changing hi-tech. I want to spread the word on the importance of accessing it through this campaign.
If you compared your life today with how it was before Aidan was using Dexcom, what has changed?
It's always working, which lets him take his mind off diabetes for longer stretches. It also lets me get off his back. We both receive alerts so I no longer have to pester him by asking him what his number is, and especially importantly, I don’t have to wake him at night to prick his finger if I’m worried. Dexcom gave us back our sleep!