Health care investment firm Patient Square Capital will buy Minnesota-based dental and animal health distributor Patterson Companies for approximately $4.1 billion.
“Today’s announcement marks an exciting next step in Patterson’s evolution and delivers immediate and certain value for our shareholders and positions us to continue to invest in serving our customers and driving growth,” Patterson President and CEO Don Zurbay said in a Dec. 11 news release, which includes details of the terms of the transaction.
The decision was approved unanimously by Patterson’s Board of Directors.
“I have closely followed Patterson for decades and long admired the value the company provides to partners and customers,” Patient Square Managing Partner Jim Momtazee said. “Patient Square is excited to work closely with management on the next chapter of growth for the business building on its long and proud legacy.”
The transaction is expected to close in the fourth quarter of Patterson’s fiscal year 2025.
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