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Henry Schein : CAEK®, Inc. Announces Distribution Agreement with Henry Schein, Inc.

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08/16/2017 | 03:05pm CEST

RENO, Nev., Aug. 16, 2017 /PRNewswire/ -- CAEK, Inc., a female-founded Software-as-a-Service (SaaS) company focusing on compliance-related software for the healthcare industry, today announced that it has entered into an exclusive agreement with Henry Schein Dental, a division of Henry Schein, Inc. (Nasdaq: HSIC), the world's largest provider of health care products and services to office-based dental, animal health and medical practitioners, to sell its uniquely designed HIPAA software, LayerCompliance®.

LayerCompliance is an affordable, full-featured cloud-based tool designed to help healthcare practitioners navigate the requirements of the Health Insurance Portability and Accountability Act (HIPAA), a federal law that provides privacy and security standards to protect patients' health information. LayerCompliance assists users with the management of their data security program through an online dashboard and tools that help streamline the process.

"Henry Schein is proud to team up with CAEK and offer more solutions to help clinicians address the growing issue of meeting federal HIPAA regulations in order to protect patients' personal data," said Eric Nuss, Director of Business Solutions, Henry Schein Dental. "Our customers depend upon Henry Schein to continually deliver innovative technologies that enhance the efficiency of their practice and we believe that LayerCompliance will help provide that efficiency."

The announcement of the exclusive distribution agreement highlights CAEK's commitment to providing innovative solutions and resources for healthcare practitioners, particularly independent clinicians.

"We are excited to work with Henry Schein because of their dedication in assisting office-based dental practitioners, of which Henry Schein has access to approximately 90% in the United states," said Katie Lay, CEO of CAEK, Inc. "HIPAA regulations are designed to protect patients' personal health information, which is a huge responsibility for any organization, but especially for independently owned clinics that don't have the time, tools or resources."

With LayerCompliance, CAEK aims to help clinicians modernize the regulatory compliance process by providing users with online access to the interactive elements which help guide dental practices through the requirements of the HIPAA Security Rule including a risk analysis, tailored policies and procedures, and the ability to easily document compliance activities, all at an affordable price.

"Clinicians shouldn't be left with paper checklists or manual binders to meet regulations for protecting electronic patient data," said Lay. "Technology and innovation are critical for the modern healthcare practice. Providers need smart, dynamic resources, and we're here to provide those."

ABOUT CAEK, INC.
CAEK®, Inc. is a female founded technology company providing compliance-related software-as-a-service offerings for the healthcare industry through its flagship product, LayerCompliance®. Since 2013, CAEK, Inc. has provided HIPAA security compliance services to independent physicians, dentists, large medical groups, hospitals, public health agencies, and business associates. For more information please visit our website: www.CAEKInc.com.

View original content:http://www.prnewswire.com/news-releases/caek-inc-announces-distribution-agreement-with-henry-schein-inc-300504908.html

SOURCE CAEK, Inc.

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Financials ($)
Sales 2017 12 268 M
EBIT 2017 865 M
Net income 2017 576 M
Debt 2017 781 M
Yield 2017 -
P/E ratio 2017 23,49
P/E ratio 2018 21,23
EV / Sales 2017 1,16x
EV / Sales 2018 1,09x
Capitalization 13 464 M
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 187 $
Spread / Average Target 9,6%
EPS Revisions
Managers
NameTitle
Stanley M. Bergman Chairman & Chief Executive Officer
James P. Breslawski President & Director
Steven Paladino Chief Financial Officer, Director & Executive VP
James A. Harding Chief Technology Officer & Senior Vice President
Philip A. Laskawy Lead Independent Director
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