Henry Schein Enters The Italian Dental Practice Management Software Market With Acquisition Of Elite Computer Italia
Henry Schein, Inc. today announced that Henry Schein One has acquired Elite Computer Italia S.r.L. (Elite), a full-service software company that delivers state-of-the-art practice management solutions to dental practices and dental laboratories in Italy. The addition of Elite complements Henry Schein One's strategy to deliver integrated technology platforms that help dental teams become more productive and improve each stage of the patient experience, and marks Henry Schein’s entry into the Italian dental practice management software market.
Founded nearly 30 years ago with headquarters in Milan, Elite has approximately 50 employees, serves more than 8,000 dental clinics and dental laboratories, and had 2018 sales of approximately $6 million. Its OrisLine brand includes the OrisDent, OrisLab, OrisEduco, and OrisCeph Rx software products. Henry Schein expects that Elite will be neutral to the Company's 2019 earnings per diluted share and accretive thereafter. Financial terms were not disclosed.
“Having the right practice management system is one of the most essential facets of any successful dental practice. We have served dental practitioners in Italy since 2004 and are now well-positioned to offer the highly regarded OrisLine family of software products,” said Mr. Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. “We look forward to a strong partnership with Elite that will enable a true digital workflow to help dental teams streamline office procedures and make the most of their practice management investment.”
Co-Founders Gianluigi Boerio, CEO, and Marco Parodi, President, Research and Development, along with Elite’s management team, will join Henry Schein One and bring significant experience in defining and delivering technology solutions. In addition, the OrisLine brand will be maintained and Henry Schein One will continue to offer and support all current Elite products following the acquisition.
“We are pleased to join Henry Schein One,” said Mr. Boerio. “This partnership expands our ability to offer our customers a comprehensive portfolio of practice management systems and web-based services to include a full complement of dental merchandise and equipment.”
“We are delighted to welcome co-founders Gianluigi Boerio and Marco Parodi and the entire Elite team to Henry Schein One,” said Mr. James A. Harding, Jr., Chief Executive Officer of Henry Schein One. “Our two companies share a commitment to innovation and transforming dentistry by ensuring practice success, improving patient experience, and increasing access to care. We firmly believe that the products, services, and solutions we deliver through our combined expertise will be instrumental to helping dental practices run smoothly, provide quality care, and attract new patients.”