Health care investment firm Patient Square Capital has agreed to acquire St. Paul, Minn.-based Patterson Companies Inc. (Nasdaq: PDCO), a dental and animal health products distributor. The transaction is valued at approximately $4.1 billion.
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“Patient Square recognizes the value of our brand and the quality of our world-class team and is grounded in similar values that guide our actions. They share the same long-term vision for our company, which makes them an excellent partner for the next phase of our journey,” said Don Zurbay, Patterson’s president and CEO.
The transaction is expected to close in Patterson’s fiscal fourth quarter 2025. It will become a privately held company and maintain headquarters in St. Paul.
