Henry Schein

Henry Schein was founded in 1932 as a pharmacy in Queens - the poorest area of ​ ​ New York, which the entrepreneur named after him. Over time, the pharmacy has grown into a whole pharmacological company specializing in the wholesale and retail sale of medicines for humans and animals. The company also develops software for dental services.

Actions

Henry Schein shares are traded on the New York Stock Exchange.

Henry Schein's market capitalization as of November 27, 2014 was about $11.32 billion. USA More than 70% of Henry Schein shares are in free float. In total, about 84 thousand shares of this network were issued.

History

2023: Services shut down due to cyber attack

On October 15, 2023, Henry Schein, one of the world's largest suppliers of medical devices, reported a wave of powerful cyber attacks. Due to the hacker invasion, it was necessary to disable IT services around the world for about a month, and the attackers had a large amount of confidential information at their disposal.

Initially, it was said that the attack affected part of Henry Schein's production and distribution structures. The company is said to have promptly taken precautions by disconnecting some systems from the Internet. This led to a disruption of business operations and the unavailability of online platforms. Henry Schein later said that as a result of the incident, the e-commerce service was suspended: the company had to switch to alternative means of processing orders.

One of the world's largest providers of medical devices has been hit by a wave of powerful cyber attacks

The AlphV/Black Cat ransomware gang claimed responsibility for the attack on November 2, 2023. According to cybercriminals, they were able to steal approximately 35 TB of a wide variety of data. Henry Schein confirmed that hackers gained unauthorized access to customer information such as bank account numbers, credit card numbers and more. This information can be used to organize various fraudulent schemes aimed at stealing money.

Henry Schein involved third-party cybersecurity experts in the investigation of the incident and contacted law enforcement. The attackers affected the company's IT systems in the United States, Canada and Europe. As of early December 2023, Henry Schein does not disclose the amount of damage. Meanwhile, the AlphV/Black Cat group deleted the Henry Schein hack record: according to some experts, this may indicate that the company paid a ransom.^[1]

2010 - 2013

Henry Schein Inc. professes an aggressive development strategy. In 2010-2013, it spent $150-350 million annually on mergers and acquisitions.

At the end of 2013, Henry Schein invested in the American corporation BioHorizons, specializing in the manufacture of detailed implants. Henry Schein's goal was to expand and strengthen its influence in this area. According to the agreement, the company received a 60% stake in BioHorizon.