MELVILLE, N.Y., May 19, 2014 /PRNewswire/ -- Henry Schein, Inc. (NASDAQ: HSIC), the world's largest provider of health care products and services to office-based dental, animal health and medical practitioners, announced today that Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein, delivered a lecture, entitled "Doing Well by Doing Good: Henry Schein's Model of Success and Social Responsibility," at the Hofstra University Club as part of Hofstra's Distinguished Lecture Series. In attendance at Mr. Bergman's May 15 lecture were students from the Frank A. Zarb School of Business at Hofstra University, Long Island business executives, and local government officials.
Mr. Bergman emphasized Henry Schein's focus on creating sustainable, long-term economic and social value as part of its commitment to serving the needs of all of the Company's key constituencies: supplier partners, customers, Team Schein Members, investors, and society. Mr. Bergman explained how the Company's model of corporate success is based on building deep, trust-based relationships in the service of society as well as economic success. Mr. Bergman also highlighted the work of Henry Schein Cares, the Company's global corporate social responsibility program, to expand access to care for underserved populations around the world.
"Henry Schein has long-recognized that strong financial performance and service to the greater good are mutually reinforcing objectives," said Mr. Bergman. "Our philosophy of enlightened self-interest inspires us to continuously reinvent ourselves in the service of our customers and society through Henry Schein Cares, and has truly been a central vehicle driving our corporate success. Short-term thinking delivers short-term results, but the key to the creation of long-term shared value lies in viewing businesses as stewards of the full-spectrum of constituencies it serves."
The Company's commitment to corporate citizenship is guided by the philosophy of enlightened self-interest, the concept of "doing well by doing good," which Benjamin Franklin advocated centuries ago, and is exemplified by Henry Schein Cares. Established in 2001, Henry Schein Cares focuses on expanding access to care for underserved populations by advancing wellness, building capacity in the delivery of health care services, and assisting in emergency preparedness and disaster relief. As a catalyst organization, Henry Schein Cares expands access to care by utilizing the power of public-private partnerships. Through public-private partnerships, Henry Schein Cares harnesses Henry Schein's core competencies as a health care distributor and mobilizes various stakeholders, including government, health care professionals, and non-governmental organizations, to contribute their unique skill sets and resources.
"Henry Schein is truly an exemplar for championing corporate citizenship and for advancing the notion that companies can still be profitable while also doing good," said Stuart Rabinowitz, Hofstra University President. "The Hofstra student community, which includes tomorrow's business leaders, can draw insight from Henry Schein's dedication to corporate social responsibility, motivating our students to create their own examples of social responsibility in their professional lives."
In 2014, for the 13th consecutive year, Henry Schein was named to the FORTUNE® World's Most Admired Companies list. In this year's FORTUNE selection, Henry Schein was ranked first in the category of Wholesalers: Health Care, and also ranked first in each of the nine sub-categories of the ranking, including: Innovation, People Management, Use of Corporate Assets, Social Responsibility, Quality of Management, Financial Soundness, Long-Term Investment, Quality of Products/Services, and Global Competitiveness. This year also marked the third consecutive year that Henry Schein was honored as a World's Most Ethical Company® by the Ethisphere Institute. Henry Schein was recently featured in a Harvard Business School case study, which examined the growth and success of Henry Schein, its commitment to corporate social responsibility, and the Company's determination to preserve its values-based culture as it continues to expand internationally.
About Henry Schein Cares
Henry Schein Cares, Henry Schein's global corporate social responsibility program, stands on four pillars: engaging Team Schein Members to reach their potential, ensuring accountability by extending ethical business practices to all levels within Henry Schein, promoting environmental sustainability, and expanding access to health care for underserved and at-risk communities around the world. Health care activities supported by Henry Schein Cares focus on three main areas: advancing wellness, building capacity in the delivery of health care services, and assisting in emergency preparedness and relief. Firmly rooted in a deep commitment to social responsibility and the concept of enlightened self-interest championed by Benjamin Franklin, the philosophy behind Henry Schein Cares is a vision of "doing well by doing good." Through the work of Henry Schein Cares to enhance access to care for those in need, the Company believes that it is furthering its long-term success.
Henry Schein, Inc.
Henry Schein, Inc. is the world's largest provider of health care products and services to office-based dental, animal health and medical practitioners. The Company also serves dental laboratories, government and institutional health care clinics, and other alternate care sites. A Fortune 500® Company and a member of the NASDAQ 100® Index, Henry Schein employs nearly 17,000 Team Schein Members and serves more than 800,000 customers.
The Company offers a comprehensive selection of products and services, including value-added solutions for operating efficient practices and delivering high-quality care. Henry Schein operates through a centralized and automated distribution network, with a selection of more than 96,000 branded products and Henry Schein private-brand products in stock, as well as more than 110,000 additional products available as special-order items. The Company also offers its customers exclusive, innovative technology solutions, including practice management software and e-commerce solutions, as well as a broad range of financial services.
Headquartered in Melville, N.Y., Henry Schein has operations or affiliates in 26 countries. The Company's sales reached a record $9.6 billion in 2013, and have grown at a compound annual rate of approximately 16% since Henry Schein became a public company in 1995. For more information, visit the Henry Schein website at www.henryschein.com.
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