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Henry Schein Reports Record Third Quarter Results
Date:10/29/2010

for each of the past four quarters.  This trend and continued sales growth in Dental equipment affirm our confidence that the market will continue to show gradual improvement," commented Mr. Bergman.

North American Medical sales of $391.9 million increased 12.6%.  Sales of seasonal influenza vaccines were very strong during the third quarter of 2010.  Excluding sales of seasonal influenza vaccines from both periods, North American Medical sales increased 0.5%.

"During the third quarter we sold more than 11 million doses of seasonal influenza vaccines, and we expect to sell approximately 13 million doses in total for the year," remarked Mr. Bergman.  "We believe that we gained market share in the office-based physician market during the quarter and that this market continued to experience a decline in patient visits."

North American Animal Health sales increased 259.2% to $225.2 million, reflecting the combined Butler Schein Animal Health business.

"Integration of Butler Schein Animal Health is complete, and we are now turning our focus to various initiatives to drive sales growth by expanding the breadth and depth of our product offering," commented Mr. Bergman.

International sales of $561.4 million declined 3.8%, consisting of 3.4% growth in local currencies and a decline of 7.2% related to foreign currency exchange.

"Our International results reflect continued growth in the Dental business, with notable gains in dental equipment sales and particular strength in Spain, Italy, France, Germany and the U.K." added Mr. Bergman.  "After the close of the quarter we announced a further expansion of our global veterinary operations with an agreement to acquire Provet Holdings Limited, Australasia's largest distributor of animal health products with annual sales of approximately 280 million Australian dollars.  We also entered the Turkish dental market by acquiring a 50% interest in Guney, the largest
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SOURCE Henry Schein, Inc.
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