Modern Laboratory Services

Based in Bakersfield, California, and founded in 1984, MLS is one of the leading distributors in the Western U.S. for products and services for physician office laboratories, such as laboratory equipment and supplies. MLS represents many of the most important suppliers in the clinical laboratory business including serving as the exclusive distributor for the Siemens' Dimension® chemistry analyzer product line. With 2011 sales of approximately $22 million, MLS serves approximately 700 customers through 36 team members. Stan Sherrill, CEO and co-owner, will join Henry Schein as the West Coast Lab Sales Manager and Bob Ward, President and co-owner, will continue to oversee MLS's business to U.S. military bases and U.S. territories. ''The acquisition of MLS reflects Henry Schein's continued commitment to physicians and the clinical laboratory market, and strengthens their position in the West Coast, which is an area of exciting growth for us,'' said Mr. Bergman. ''This transaction advances their goal of gaining market share and adding knowledgeable management through strategic acquisitions within important business areas.'' Commenting on today's announcement, Mr. Sherrill said, ''By joining forces with Henry Schein, MLS will have access to the resources and capital necessary to accelerate their growth in the dynamic and highly competitive physician office laboratory market. They look forward to being a part of a Fortune 500® company with global best practices.''

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