Company shareholders approved the acquisition of Patterson Cos. by Patient Square Capital, according to an April 1 news release from Patterson.
Here are five things to know:
- Patterson Dental, a North American dental supplier, is a segment of Patterson Cos.
- Patterson shareholders will receive $31.35 in cash per share of common stock.
- The acquisition was first announced in December, with a total price of more than $4 billion.
- Once the acquisition is completed, Patterson will become a privately held company and its stock will not be traded on the NASDAQ.
- Patient Square Capital is a healthcare investment firm with about $12 billion in assets under management.
At the Becker's 5th Annual Future of Dentistry Roundtable, taking place September 14-15 in Chicago, dental leaders and executives will gain insights into emerging technologies, practice growth strategies and the evolving landscape of dental care delivery, with a focus on innovation, patient experience and operational excellence. Apply for complimentary registration now.
