Henry Schein (HSIC) Updates on Loss of Heartland Dental Distribution Partnership; Says Revenue Contribution 'Immaterial'

October 11, 2016 12:17 PM EDT
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Henry Schein (NASDAQ: HSIC) disclosed the following in a U.S. SEC filing on Tuesday:

Item 7.01 Regulation FD Disclosure.

As a result of questions following an announcement that Heartland Dental, LLC has selected a competitor as its distribution partner effective January 1, 2017, Henry Schein notes that the revenue associated with the loss of the traditional business with Heartland Dental is immaterial to our results of operations and represents less than 1% of our total global dental sales. Henry Schein still has the opportunity to service Heartland Dental for certain product categories.

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