Henry Schein acquires majority stake in Unitas PPO

Henry Schein’s subsidiary, eAssist Dental Solutions, has acquired a majority stake in Unitas PPO Solutions, a company that helps dental practices negotiate reimbursement rates with commercial insurers. Since 2014, Unitas and Henry Schein have collaborated, and Unitas provides a variety of service plans specifically designed for dental practices.

“By addressing the important topic of reimbursement, each organization will continue to focus on what they do best,” said Dr. James Anderson, CEO of eAssist Dental Solutions. “Unitas will further our collective missions to offer best-of-breed products and services to help dental practices operate more efficiently and profitably while freeing up resources to allow the dental office team to focus on patient care and clinical outcomes.”

Mike Alder established Unitas in 2010 to help dental clinics with fee negotiations and PPO plan participation. Along with the current management group, Alder will continue to lead Unitas as CEO. Unitas generated revenues of about $5 million in 2021. It is anticipated that this transaction will have no effect on Henry Schein’s 2022 diluted earnings per share and become advantageous thereafter. The deal’s financial specifics have not been made public.

Unitas complements eAssist business 

In June 2021, Henry Schein acquired a majority stake in eAssist, a provider of revenue cycle services to the dental industry. The purchase of Unitas completes eAssist’s product line in this regard. Unitas has experience evaluating claims and fee data, which is anticipated to boost Henry Schein’s fee analysis services and the platform’s collection procedures. As a result, dental clinics will be able to streamline their operations and reduce stress linked to cash flow.

“The addition of Unitas will help dental practice teams improve their critical insurance and billing functions and allow more focused attention on delivering high-quality patient care,” said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. “Combining Unitas with our existing eAssist business is an excellent strategic fit within our portfolio of services for dental practices, and makes Henry Schein the one-stop-shop for all dental insurance reimbursement, revenue cycle, and dental billing service needs. We welcome our new colleagues from Unitas to Team Schein.”

The acquisition of Unitas demonstrates Henry Schein Dental’s dedication to serving as a reliable advisor for clients and expanding the range of value-added services it offers. eAssist and Unitas provide new opportunities for clients to improve patient experiences and achieve predictable business results.

“Dental practices must ensure they are being paid appropriate rates for the services they perform to mitigate rising costs,” said Mr. Alder. “Unitas brings multiple advantages to our customers, including our established relationships with payer-provider relations and contracting teams. We look forward to continuing our rapid growth as we expand our reach through the industry leadership of Henry Schein and eAssist.”

About Henry Schein

Henry Schein is a solutions company for healthcare professionals that combines a network of people and technology. The company employs about 22,000 people worldwide and, through its network of dependable advisors, provides more than 300 solutions to more than 1 million consumers worldwide. Dental and medical professionals can increase their productivity and deliver high-quality care with the use of these solutions, which include business, clinical, technological, and supply chain solutions.

Additionally, dental labs, government and institutional clinics, and other alternative care facilities are supported by Henry Schein’s solutions. The business has a centralised, automated delivery network and stocks over 120,000 branded and private-label items in addition to an extra 180,000 items for special orders.

Henry Schein is a Fortune 500 company and a member of the S&P 500 index. The business has activities or affiliates in 32 nations and territories and is headquartered in Melville, New York. Sales at Henry Schein hit $12.4 billion in 2021 and have increased at a compound annual growth rate of about 12.5% since the business went public in 1995.