KKR Invests $250M in Henry Schein, Gains Board Seats

Henry Schein, Inc. has announced a strategic investment of $250 million from KKR & Co., making KKR the largest non-index fund shareholder with a 12% stake and an option to increase it to 14.9%. This investment will be used to collaborate on operational improvements and shareholder value creation, with two KKR representatives joining Henry Schein's Board. Additionally, Henry Schein has increased its share buyback program by $500 million. Preliminary financial results indicate fourth-quarter revenue of $3.2 billion and adjusted EPS of $1.19, with expectations of revenue and EPS growth in 2025. The transaction is primarily funded through KKR's North America Fund XIII, and its completion is pending standard closing conditions.