Henry Schein One has acquired Kopfwerk, a dental practice management solutions company based in Vienna, Austria. The full-service software company delivers practice management solutions along with technical support, training, and installation to boost office productivity, automate clinical and office processes, and enhance patient care, the companies report.
Founded in 1987 by Peter Schiller and Thomas Gessl, Kopfwerk had 2018 revenues of about $2.2 million. Henry Schein expects this transaction to be neutral to its 2019 earnings per share and to be accretive thereafter. Additional financial details and terms were not disclosed. Schiller will continue to serve as general manager of the company.
“We are delighted about our new partnership with Kopfwerk. It’s the newest addition to Henry Schein One’s software portfolio and we believe it will further enhance our ability to power successful practices by providing our customers in Austria with the latest in value-added services and technology solutions,” said Stanley M. Bergman, chairman of the board and CEO of Henry Schein.
“Kopfwerk will become an integrated part of Henry Schein One’s portfolio of technology solutions, which include the Dentrix family of practice management systems, Easy Dental, Demandforce, Sesame Communications, Officite, and other global companies dedicated to delivering end-to-end management and marketing systems to improve management, profitability, and the entire patient experience,” said James A. Harding Jr, CEO of Henry Schein One.
“Henry Schein’s excellent reputation and extensive reach among dentists bodes well for our continued success and we are excited to become a part of this team,” said Schiller. “We share with Henry Schein One a commitment to help accelerate the adoption of digital technology and solutions to help dental practices grow and prosper for the ultimate benefit of the patient.”