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Legal Proceedings
3 Months Ended
Mar. 29, 2025
Legal Proceedings [Abstract]  
Legal Proceedings
Note 11 – Legal Proceedings
Henry Schein, Inc. has been named as a defendant in multiple opioid
 
related lawsuits (currently less than one-
hundred (
100
); one or more of Henry Schein, Inc.’s subsidiaries is also named as a defendant in a number of
 
those
cases).
 
Generally, the lawsuits allege that the manufacturers of prescription opioid drugs engaged in a false
advertising campaign to expand the market for such drugs and their own
 
market share and that the entities in the
supply chain (including Henry Schein, Inc. and its subsidiaries) reaped
 
financial rewards by refusing or otherwise
failing to monitor appropriately and restrict the improper distribution of those
 
drugs.
 
These actions consist of some
that have been consolidated within the MultiDistrict Litigation (“MDL”)
 
proceeding In Re National Prescription
Opiate Litigation (MDL No. 2804; Case No. 17-md-2804) and are currently
 
stayed, and others which remain
pending in state courts and are proceeding independently and outside of
 
the MDL.
 
On March 19, 2025, the court
granted our motion to dismiss the purported class action filed by San
 
Miguel Hospital Corporation d/b/a Alta Vista
Regional Hospital,
 
et al. in the United States District Court for the District of New
 
Mexico and dismissed all claims
against Henry Schein with prejudice.
 
Plaintiff has filed a motion to amend the judgment and for leave to file
 
a
second amended complaint, which is pending.
 
Twenty
 
other cases filed by legal guardians of children who were
allegedly exposed to opioids in utero have been voluntarily dismissed.
 
At this time, the following case is set for
trial: the action filed by Florida Health Sciences Center, Inc. (and
25
other hospitals located throughout the State of
Florida) in Florida state court, which is currently scheduled
 
for a jury trial in September 2025.
 
Of Henry Schein’s
2024 net sales of approximately $
12.7
 
billion, sales of opioids represented less than
four
-tenths of 1
percent.
 
Opioids represent a negligible part of our business.
 
We intend to defend ourselves vigorously against
these actions.
From time to time, we may become a party to other legal proceedings,
 
including, without limitation, product
liability claims, employment matters, commercial disputes, governmental
 
inquiries and investigations (which may
in some cases involve our entering into settlement arrangements or consent
 
decrees), and other matters arising out
of the ordinary course of our business.
 
While the results of any legal proceeding cannot be predicted with certainty,
in our opinion none of these other pending matters are currently
 
anticipated to have a material adverse effect on our
consolidated financial position, liquidity or results of operations.
As of March 29, 2025,
 
we had accrued our best estimate of potential losses relating
 
to claims that were probable to
result in liability and for which we were able to reasonably estimate a
 
loss.
 
This accrued amount, as well as related
expenses, was not material to our financial position, results of operations
 
or cash flows.
 
Our method for
determining estimated losses considers currently available
 
facts, presently enacted laws and regulations and other
factors, including probable recoveries from third parties.