Bob,
A few days ago you pointed out (#475) that Quidel announced last December it was selected as MedPartners primary vendor, and that MedPartners recent acquisition of Aetna U.S. Healthcare's Physician Practice Management Business would add significantly to Quidel's market.
Well, another acquisition should improve Quidel's sales: Friday March 7 3:43 PM EDT Henry Schein, Inc. and Micro Bio-Medics, Inc. Announce Merger,
Creates Billion Dollar Distributor: biz.yahoo.com
Some highlights from the news release: ". . . .As a result of the transaction, Henry Schein, Inc. believes that it will become North America's largest distributor of healthcare products to office-based healthcare practitioners and a leading provider of healthcare products and services to the U.S. physician market. . . .The transaction is expected to be completed by mid-1997. . . .Henry Schein, Inc. is the largest direct marketer of healthcare products and services to office-based healthcare practitioners including dental practices and laboratories, physician practices and veterinary clinics. The Company serves more than 230,000 customers through strategically located distribution centers in the U.S. and Europe. . . .Micro Bio-Medics, Inc. is a leading distributor of healthcare products to physicians and integrated healthcare networks. . . Commenting on the transaction, Mr. Stanley M. Bergman, Henry Schein, Inc.'s Chairman, Chief Executive Officer and President stated, "We are very excited about the opportunities that will result from our Medical Group's enhanced overall presence in this dynamic $4 billion plus market. The critical mass created by this combination will enable us to provide a higher level of value to our customers, and to springboard us into gaining a greater market share. The combined medical business broadens Henry Schein's platform from which to continue our consolidation strategy in the fragmented U.S. physician distributor marketplace.". . . .Mr. Bergman continued, "The merger significantly expands our market penetration in the Northeast region and in conjunction with MBM's stockless inventory system, provides us with the unique opportunity to selectively participate in supplying the complete spectrum of the needs of the integrated healthcare networks. . . ."
It was just last June Quidel announced it signed a distribution agreement with Henry Schein Inc. ( quidel.com ):
"Henry Schein is a valuable addition to QUIDEL's list of distribution partners," said Steven T. Frankel, President and Chief Executive Officer of QUIDEL. "Given their proven sales record, we are pleased to have them represent our professional product line giving QUIDEL greater access to more doctor's office practices nationwide."
The good news just keeps coming. It's inevitable that Wall Street will soon overcome its "Attention Deficit Disorder" syndrome with regard to Quidel's stock.
Mike |
