Henry Schein Acquires Lighthouse 360 From Web.com
Addition of highly regarded software tools within Henry Schein One furthers mission of simplifying dental practice management via one integrated technology platform
AMERICAN FORK, Utah-- Henry Schein, Inc. (Nasdaq: HSIC), through its Henry Schein One joint venture, today announced that it has acquired Lighthouse 360, a provider of easy-to-use dental practice management and patient communication software that complements Henry Schein One's strategy to deliver integrated technology platforms that help dental teams become more productive and improve each stage of the patient experience.
Founded in 2006, Lighthouse 360 was previously a part of Web.com and had 2018 sales of approximately $50 million. Henry Schein, Inc. expects that Lighthouse 360 will be neutral to the Company's 2019 earnings per diluted share and accretive thereafter. Financial terms were not disclosed.
Henry Schein One is a joint venture between Henry Schein, Inc. and Internet Brands that delivers integrated technology to enhance dental practice management. As the latest addition to Henry Schein One's portfolio, Lighthouse 360 furthers the Company's mission to tightly integrate best-of-breed solutions into one technology system to help dental practices run more efficiently.
"Lighthouse 360 is an innovative provider in the large and highly fragmented market for patient engagement software," said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. "Lighthouse 360's highly automated software platform will expand our practice marketing and client communication solutions, providing tools to better connect us with our dental customers, and to help dental practitioners better connect to their patients."
Lighthouse 360 serves more than 11,000 dental practices with a wide range of web-based tools that automate tedious tasks and help practices save time, reduce no-shows, and build stronger relationships with patients. Lighthouse 360 software has been recognized with numerous industry awards and is highly rated by users, with 90 percent of surveyed Lighthouse 360 users reporting that the software has increased their practice's efficiency.
"As we explored this acquisition, it quickly became clear that Lighthouse 360's relentless focus on task automation, product innovation, and exemplary customer service made it a natural fit within the Henry Schein One portfolio," added James A. Harding, Jr., Chief Executive Officer of Henry Schein One. "Lighthouse 360 is in many ways a microcosm of Henry Schein One – a passionate group of technology innovators that put practice efficiency and patient experience at the forefront of everything we do."
The Lighthouse 360 brand will remain intact and will continue to offer and support all current products following the acquisition. The Company has nearly 150 employees and is headquartered in Sugar Hill, Georgia.
"Henry Schein One's dental expertise and deep technology resources make it the ideal partner for Lighthouse 360," said Sharon Rowlands, CEO and President of Web.com. "We are excited about the future of Lighthouse 360 knowing that it will be aligned with a dynamic organization focused on addressing the unique challenges faced by the dental industry."