News: Patterson Selling Medical Business $PDCO

Patterson Companies, Inc., announced that it has entered into a definitive agreement with Madison Dearborn Partners to sell its Medical Business.

The Buyer is a large Equity firm in Chicago, and the price of the deal is $715 million in cash.

According to Scott P. Anderson, chairman and chief executive officer of Patterson Companies, “Patterson’s strategy for growth is to focus our resources and investments on building our dental and animal health businesses.”

View the full release here.