Henry Schein One acquires Kopfwerk

Henry Schein One announced today that it has acquired Kopfwerk, the leading dental practice management solutions company in Vienna, Austria. Kopfwerk is a full-service software company that delivers state-of-the-art practice management solutions, along with technical support, training, and installation, to boost office productivity, automate clinical and office processes, and enhance patient care.

Founded in 1987 by Peter Schiller and Thomas Gessl, Kopfwerk had 2018 revenues of approximately $2.2 million. Henry Schein expects this transaction to be neutral to its 2019 earnings per share and to be accretive thereafter. Additional financial details and terms were not disclosed.

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Henry Schein One is a joint venture between Henry Schein, Inc. and Internet Brands that delivers integrated technology to enhance dental practice management. The company includes Henry Schein’s market-leading solutions of Dentrix, Dentrix Ascend, Dentrix Enterprise, Easy Dental and TechCentral as well as international companies, including Software of Excellence, Logiciel Julie, InfoMed, Exan and LabNet, among others. Also included in Henry Schein One are the dental businesses of Internet Brands, including web-based solutions such as Demandforce, Sesame Communications, Officite, DentalPlans.com and more.

"We are delighted about our new partnership with Kopfwerk," says Stanley M. Bergman, chairman of the board and CEO of Henry Schein. "It’s the newest addition to Henry Schein One’s software portfolio and we believe it will further enhance our ability to power successful practices by providing our customers in Austria with the latest in value-added services and technology solutions. Kopfwerk will bolster our suite of comprehensive solutions that healthcare professionals rely on to operate a more efficient practice and provide patients with quality care.”

“Kopfwerk will become an integrated part of Henry Schein One’s portfolio of technology solutions, which include the Dentrix family of practice management systems, Easy Dental, Demandforce, Sesame Communications, Officite and other global companies dedicated to delivering end-to-end management and marketing systems to improve management, profitability and the entire patient experience,” says James A. Harding Jr., CEO of Henry Schein One. "Kopfwerk’s highly regarded solution will complement these offerings as well as our mission to enable a true digital workflow that helps dental teams become more productive and improve each stage of the patient experience."

Kopfwerk’s Peter Schiller will continue to serve as general manager of the company.

“Henry Schein's excellent reputation and extensive reach among dentists bodes well for our continued success and we are excited to become a part of this team," Schiller says. "We share with Henry Schein One a commitment to help accelerate the adoption of digital technology and solutions to help dental practices grow and prosper for the ultimate benefit of the patient.”

For more information, visit www.henryscheinone.com.