Acentus, a Tampa, Florida-based national home medical equipment provider, has been acquired by Henry Schein Inc. (Nasdaq: HSIC), based in Melville, New York.
In a Nov. 20 news announcement, Henry Schein — a global provider of health-care solutions to office-based dental and medical practitioners — said the Acentus acquisition reinforces “the company’s strategic commitment to the home-care medical supplies market. Henry Schein’s home-care medical products platform will now have an annual revenue base of approximately $350 million.”
Acentus was reported to have an annual revenue of approximately $35 million. The company provides continuous glucose monitors (CGM), wound care supplies, urological supplies, incontinence supplies, and medical nutrition supplies. Acentus founders Brett Carroll, Todd Cianfrocca, Greg Duvall and Julio Valdivia will join Henry Schein as part of the agreement.
“As the delivery of health care in the U.S. is increasingly provided in home-based settings, Henry Schein is strategically expanding our offerings to meet the growing demand,” said Stanley M. Bergman, chairman of the board and CEO of Henry Schein. “We are pleased to announce our acquisition of Acentus, which enhances our ability to deliver CGM products directly to patients’ homes. With Acentus, we will strengthen our position nationally in the home medical supply market and better serve our valued customers, including clinics, physician practices, health systems, ambulatory surgery centers, and most importantly, patients and families.”
“We are delighted to partner with Henry Schein and further our efforts to provide accessible disposable medical supplies to the thousands of individuals nationwide who rely on these products to manage their chronic conditions,” said Acentus CEO Cianfrocca. “We are excited to contribute to the growth of Henry Schein’s emerging home health-care business.”
