Cliniclands receives strategic investment from US-based Henry Schein.
The deal, which has the financial details undisclosed, was made for a major controlling equity stake in the company.
The three founders – Falk Andersson (CEO), Niklas Schori (COO) and Daniel Skoglund (Head of Sales) – will continue to lead the business and own the remaining equity stake in Cliniclands, which Henry Schein may acquire under various options after the next three and five years.
Henry Schein, Inc. is a publicly-listed company on Nasdaq, and world’s largest provider of health care solutions to office-based dental and medical practitioners. The acquisition establishes the first presence for Henry Schein Dental in Scandinavia and now, with Cliniclands acquisition, Henry Schein will manage operations in 32 countries around the world.
Cliniclands, led by CEO Falk Andersson, is a local distributor serving dental practices throughout Sweden, Denmark, and Norway. The company offers a wide range of dental consumables, implants, prosthetic and orthodontic solutions as well as small and office equipment.
Cliniclands had sales for the 12 months ended March 31, 2019, of approximately $9.5M.