Henry Schein, Inc. today reported record financial results for the quarter ended September 27, 2014.
Net sales for the third quarter of 2014 were $2.6 billion, an increase of 11.7% compared with the third quarter of 2013. This consisted of 10.9% growth in local currencies and 0.8% growth related...
Henry Schein, Inc. reported record financial results for the quarter ended June 28, 2014.
Net sales for the second quarter of 2014 were $2.6 billion, an increase of 9.3% compared with the second quarter of 2013. This consisted of 7.9% growth in local currencies and 1.4% growth related to foreign currency...
EPS up 13.5% to $1.43
Henry Schein, Inc., the world's largest provider of health care products and services to office-based dental, animal health and medical practitioners, today reported record financial results for the quarter ended December 28, 2013.
Net sales for the fourth quarter of 2013 were $2.5...
The number of large group dental practices increased 25% between 2010 and 2012, according to the ADA....See more Almost 30 years ago, Marcel Kapulica, Founder of Empire Dental Laboratory, predicted the growth of those practices and made several other right-on forecasts:
"I foresee an increase in the number of HMOs and PPOs; they are wooing dentists by trading advantages such as marketing and management services and the promise of generating more patients for the practices. The tradeoff, though, is discounted fees and it places even more pricing pressure on dental laboratories. In addition to HMOs and PPOs, independent group practices and franchises are springing up in every community in America...
"However, solo dental practices won't entirely disappear. There will always be a certain market for the personalized, quality service of an individual dentist. So, too, will there remain a specific market for small labs. These labs, unable to compete with the large labs in volume or practice will continue to provide low-volume, highly specialized service. There will continue to be a shake out, however, with only the most talented labs surviving. It will be these labs that can afford the highly skilled technicians."
According to LMT's 2013 Dentist Survey, lab owners are sometimes hesitant to raise their fees, fearful of losing the account. Yet 53% of dentists surveyed feel it’s reasonable for a laboratory to increase prices once a year by an average of 3.3%. Twenty-nine percent think an increase—an average of 4.6—every two years is more acceptable.
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