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Henry Schein to buy a 60% stake in BioHorizons

Tue, 11/26/2013 - 10:32am
Mass Device

Henry Schein Inc. says it plans to acquire a 60% stake in dental implant maker BioHorizons for an undisclosed amount.

Henry Schein to buy a 60% stake in BioHorizons

Henry Schein (NSDQ:HSIC) said it plans to pick up a 60% stake in dental implant maker BioHorizons for an undisclosed amount.

The deal calls for Schein to lend BioHorizons about $145 million to fund a distribution to shareholders, followed by an equity investment. BioHorizons would continue to operate as an independent company, according to a regulatory filing. Other details of the agreement, expected to close by the end of the year, were not disclosed.

Birmingham, Ala.-based BioHorizons makes dental implants and employs about 325 workers, according to the filing, and posts annual revenues of roughly $115 million.

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