Henry Schein aids relief efforts in Western Europe for communities inundated by severe flooding
Company commits to donations of more than $150,000 in cash and health care products, including the match of employee contributions
MELVILLE, N.Y., September 30, 2021 – In response to the devastation caused by severe flooding across Western Europe, Henry Schein, Inc. (Nasdaq: HSIC) announced today that it has committed more than $150,000 to assist with relief efforts to support recovery and rebuilding efforts, donating much-needed health care supplies to humanitarian and relief organizations, and supporting customers residing within the flood disaster areas.
To advance this effort, the Henry Schein Cares Foundation established a 2021 Disaster Relief Fund. The Company and the Foundation are supporting the Fund with a $75,000 donation, of which $50,000 will be donated to Aktion Deutschland Hilft and $25,000 to International Medical Corps. In addition, the Company will match employee – known as Team Schein Members – contributions (up to $25,000) and has committed $75,000 worth of product to relief organisations.
“Team Schein has long been committed to supporting disaster preparedness and recovery, and we are working with our supplier and logistic partners to provide local non-governmental organizations (NGOs) the resources they need to support the western European communities devastated by the flooding,” said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein, Inc. “We are committed to assisting our Team Schein Members and NGO partners in rebuilding and recovery efforts, and we will continue to help our affected customers get back on their feet, personally and professionally.”
Acting with great compassion, and within the first days of the flooding, the local Henry Schein team in Germany launched a Team Schein-driven fundraising campaign that was subsequently matched by the Company, including product donations to immediately support the community recovery. The cash and in-kind donations were given by Henry Schein in Germany to Aktion Deutschland Hilft as well as to Caritas Westeifel e.V. and Heimatverein Alt-Ahrweiler e.V., two local NGOs assisting with relief efforts across Germany.
About Henry Schein Cares Foundation Inc.
Established in 2008, The Henry Schein Cares Foundation, Inc., fosters a rich culture of giving back to society and serving others. As a global public health advocate, the Foundation catalyzes and engages stakeholders to foster, support, and promote the health care profession, including enhancing access to care for underserved and at-risk communities, globally in all health settings. A philanthropic vehicle for driving change toward building a healthier world, the Foundation supports innovation, strengthens health care system resilience, expands access to care for underserved communities, and invests in the next generation of health care professionals. The Foundation is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. To learn more about the work of the Henry Schein Cares Foundation, visit www.hscaresfoundation.org.
About Henry Schein, Inc.
Henry Schein, Inc. (Nasdaq: HSIC) is a solutions company for health care professionals powered by a network of people and technology. With approximately 21,000 Team Schein Members worldwide, the Company's network of trusted advisors provides more than 1 million customers globally with more than 300 valued solutions that improve operational success and clinical outcomes. Our Business, Clinical, Technology, and Supply Chain solutions help office-based dental and medical practitioners work more efficiently so they can provide quality care more effectively. These solutions also support dental and medical laboratories, government and institutional health care clinics, as well as other alternate care sites.
Henry Schein operates through a centralized and automated distribution network, with a selection of more than 120,000 branded products and Henry Schein private-brand products in stock, as well as more than 180,000 additional products available as special-order items.
A FORTUNE 500 Company and a member of the S&P 500® index, Henry Schein is headquartered in Melville, N.Y., and has operations or affiliates in 32 countries and territories. The Company's sales reached $10.1 billion in 2020, and have grown at a compound annual rate of approximately 12 percent since Henry Schein became a public company in 1995.