Henry Schein has been chosen to join the Standard & Poor's (S&P) 500 index after the close of trading on Tuesday, March 17.
The company recently reported record revenues in its fourth-quarter financial results for 2014. It was also ranked No. 1 in the healthcare wholesalers category on Fortune magazine's World's Most Admired Companies list for 2015. It is the second consecutive No. 1 ranking for the company and the 14th consecutive year that Henry Schein has been named to the list.
"We are honored that Henry Schein will be added to the iconic S&P 500," said Stanley Bergman, chairman and CEO of Henry Schein. "Inclusion in this prestigious index is recognition of every Team Schein Member's unwavering commitment to helping healthcare practitioners operate more efficient, successful practices and deliver the highest quality patient care."
According to a McGraw Hill Financial guide, companies in the S&P 500 are considered leading companies in leading industries. The index includes 500 companies and captures approximately 80% coverage of available market capitalization.