Patterson Companies to Be Acquired by Patient Square Capital in $4.1 Billion Deal

The dental and animal health supplier will go private at a 49% premium, with the transaction expected to close by April 2025.

Patient Square Capital will acquire Patterson Companies for $4.1 billion, valuing shares at $31.35 each, a 49% premium to its 30-day average stock price.
Patterson Companies, based in Mendota Heights, Minnesota, will become a privately held company, with its stock delisted from NASDAQ upon deal completion.
The acquisition follows Patterson's announcement last week of exploring strategic alternatives to enhance shareholder value.
The deal includes a 40-day period for Patterson to seek competing offers, although analysts consider a bidding war unlikely.
The transaction is anticipated to close by the end of April 2025, pending regulatory and shareholder approvals.