HSIC · 10-Q · 2026Q2 · Full report

Acquisition Strategy and Expansion

HENRY SCHEIN INC · 2026-08-04 · Importance 29 · Surprise 30

Henry Schein states that its acquisition strategy is focused on high-growth, high-margin businesses aligned with its BOLD+1 strategy. Targeted acquisitions are intended to add customers and sales teams, expand the geographic footprint by entering emerging markets or building scale in existing markets, and provide access to new products and technologies. The company’s investing cash outflows declined to $128 million in the six months ended June 27, 2026 from $197 million in the prior-year period, primarily because of lower acquisition activity. Management believes cash, debt-market access, equity-market access and existing credit facilities provide sufficient liquidity for foreseeable capital needs.

Key facts

• In May 2025, funds affiliated with KKR invested $250 million in Henry Schein through the purchase of 3,285,152 shares of common stock. source
• Henry Schein's acquisition strategy focuses on investments in companies aligned with its BOLD+1 strategy that add new customers and sales teams, increase geographic footprint, and enable access to new products and technologies. source