Henry Schein intends to keep Auckland developers

01:43, Jan 31 2009

New Zealand's dentists appear to see no barbs in the sale of Software of Excellence, the dominant supplier of dental practice management software in New Zealand and Britain.

United States multinational Henry Schein promised it would keep the company's existing infrastructure "substantially intact".

David Crum, executive director of the New Zealand Dental Association, says he is not aware of dentists having any views on the takeover. "It is a business decision and I am not aware of any discussions at all about it."

Henry Schein will buy Software of Excellence for $82 million after its revised offer of $2.90 a share was finally accepted by more than 90 per cent of shareholders.

New York-based spokeswoman Susan Vassallo says Software of Excellence will operate as a standalone company under its current management and its intention is to keep its 40-strong development team in Auckland.

"No significant changes to business operations are planned."

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Ms Vassallo did not give an assurance that the price of Software of Excellence' software licences would not rise in the wake of the takeover but said the company would "continue with the same strategies and polices that are currently in place".

"Software of Excellence's clinical and practice management software will be an important addition to Henry Schein, supporting our objective to be a full service provider to our customers," Stanley Bergman, Henry Schein's chief executive says.

Software of Excellence's software is used by 5000 dental practices in Britain, Ireland, Australia and New Zealand.

Henry Schein employs more than 12,000 staff and turned over more than US$5 billion last year.

Ms Vassallo expects the formalities of the acquisition will be completed shortly.

The Dominion Post