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Henry Schein will acquire with Brazil-based group to expand dental implant offerings globally.
Henry Schein has announced its agreement to acquire Brazil implant manufacturer S.I.N. Implant Systems. Henry Schein will acquire S.I.N. from Latin American private equity fund managers the Southern Cross Group with the acquisition subject to regulatory approval by Brazil’s Administrative Council for Economic Defense. It’s subjected to close in the back half of 2023, according to a press release from Henry Schein.
S.I.N. manufactures products for dental implant procedures with a specific focus on value-priced dental implants. They have recently begun expansion into the United States, and hope to grow more with the hope of Henry Schein according to S.I.N. President Felipe Leonard.
“By joining forces with Henry Schein, a world leader in dental products and related services, we will accelerate our growth in Brazil as well as advance our global expansion,” Leonard says in the press release. “The S.I.N. team is inspired by the Henry Schein culture that we share and which supports sustainability and social responsibility. We look forward to a bright future together, full of opportunities to help our customers advance the practice of implant dentistry by delivering leading technology with a human touch.”
With this acquisition, S.I.N. will become part of Henry Schein’s Global Oral Reconstruction Group, a collective of businesses and companies that form a dental implant supplier globally.
“The acquisition of S.I.N. represents the natural progression of our BOLD+1 Strategy to expand our fast-growing dental specialties businesses, where we have a proven track record of successful acquisitions resulting in profitable growth in addition to our internal growth,” Chairman of the Board and CEO of Henry Schein Stanley M. Bergman says in the press release. “We are delighted to partner with S.I.N. and believe that through our combined resources, we will be well-positioned to address the growing demand of implants and bone regeneration products in both the developed and emerging markets. Brazil is one of the fastest-growing markets in the world for dental implants due to an increasing awareness of the importance of oral health, couple with a large aging population.”