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Henry Schein, Inc. (HSIC) Accused of Antitrust and Securities Violations
Between March 2013 and February 2018, the executives of Henry Schein, Inc (HSIC) engaged in a conspiracy with Benco and Patterson to restrain trade to drive down the competition in the dental products market and inflate the prices of dental products. This agreement included refusing to offer discounted prices or to negotiate with group purchasing organizations, refraining from poaching one another’s customers or sales representatives, and blocking the entry and expansion of rival distributors. The conspiracy came to light on February 12, 2018, when the Federal Trade Commission filed an administrative complaint against Henry Schein, Benco, and Patterson for violation of federal antitrust law. Additionally, multiple dental and medical suppliers have brought lawsuits against Henry Schein alleging antitrust violations.