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News Breaks
January 9, 2014
06:17 EDTPDCOPatterson Companies downgraded to Hold from Buy at Stifel
Stifel downgraded Patterson citing concerns following its Q4 dental survey. The firm said checks Patterson's consumable market share will decline over the next 1-2 years and that challenges in the basic equipment market will likely persist.
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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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