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News Breaks
January 15, 2013
06:17 EDTPDCOPatterson Companies downgraded to Sell from Neutral at Goldman
Goldman downgraded Patterson (PDCO) due to its leverage to Sirona Dental's (SIRO) new intraoral camera, Omnicam, and potential supply constraints. Price target raised to $33 from $29. Note Goldman downgraded Sirona Dental this morning due to Omnicam concerns.
News For PDCO From The Last 14 Days
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December 15, 2014
11:04 EDTPDCOPatterson Companies to acquire Holt Dental Supply; financial terms not disclosed
Patterson Companies announced that the company has agreed to acquire Holt Dental Supply, a regional dental supply company located near Milwaukee, Wisconsin. Holt Dental serves dental practices in Wisconsin, Illinois, Minnesota, Missouri, Michigan and Indiana. The acquisition will help accelerate Patterson Dentalís local reach and deepen its Midwest influence. Holt Dentalís sales were approximately $15M in 2013, and the transaction is expected to be modestly accretive in its first year. Paul Holt has led his organization for 16 years and brings significant industry expertise in leading Holt Dentalís group of 40 employees. He and the Holt Dental staff will join Patterson Dental, with Paul Holt becoming a district manager. No additional terms of the transaction were disclosed.

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