Henry Schein has divested its investment in a dental wholesale distributor in the Middle East.
The company did not release the name of the distributor.
Schein's investment was an unprofitable, noncontrolling interest in a company that primarily served as an importer distributing products to other distributors.
The divestiture is expected to generate a one-time charge in the range of $11 million to $13 million in the third quarter of 2013.
Henry Schein will show third-quarter earnings results excluding the impact of this loss in order to provide more meaningful year-on-year comparisons of the company`s core financial performance.
