Patterson Closes Acquisition of Relief Services for Veterinary Practitioners and Animal Care Technologies

Rhea-AI Summary

Patterson Companies (NASDAQ: PDCO) has completed the acquisition of Relief Services for Veterinary Practitioners and Animal Care Technologies, enhancing its offerings in veterinary solutions. The Texas-based companies specialize in data extraction, staffing, and video-based training services. The integration aims to boost Patterson Veterinary's capabilities while leveraging the expertise of the acquired teams. This strategic move is expected to strengthen Patterson's operational success in the veterinary sector.

Positive

• Acquisition of RSVP and ACT enhances Patterson's veterinary solutions.
• Integration expected to leverage additional expertise and capabilities.
• Strategic move aligns with business expansion in the veterinary sector.

Negative

• None.

Transaction Expands Patterson Veterinary Capabilities and Offerings

ST. PAUL, Minn.--(BUSINESS WIRE)-- Patterson Companies, Inc. (Nasdaq: PDCO), announced that it has, through subsidiaries, successfully completed the previously announced acquisition of substantially all of the assets of Relief Services for Veterinary Practitioners and Animal Care Technologies (“RSVP” and “ACT,” respectively), Texas-based companies that provide innovative solutions to veterinary practices through data extraction and conversion, staffing and video-based training services.

The acquired businesses are expected to be integrated into Patterson Veterinary’s existing operations and teams.

“We are pleased to add RSVP and ACT’s capabilities and team expertise to our suite of offerings and our operating team,” said George Henriques, president of Patterson Companion Animal. “We welcome our new colleagues to Patterson and look forward to continued success together.”

About Patterson Companies Inc.

Patterson Companies Inc. (Nasdaq: PDCO) connects dental and animal health customers in North America and the U.K. to the latest products, technologies, services and innovative business solutions that enable operational and professional success. Our comprehensive portfolio, distribution network and supply chain are equaled only by our dedicated, knowledgeable people who deliver unrivaled expertise and unmatched customer service and support.

Learn more: pattersoncompanies.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20230109005917/en/

Corporate Communications

TEL: 651.905.3349

EMAIL: corporate.communications@pattersoncompanies.com

WEB: pattersoncompanies.com

Source: Patterson Companies Inc.

FAQ

What companies did Patterson Companies acquire?

Patterson Companies acquired Relief Services for Veterinary Practitioners and Animal Care Technologies.

What is the purpose of the acquisition by Patterson Companies?

The acquisition aims to enhance Patterson's offerings in veterinary solutions through innovative services.

When was the acquisition of RSVP and ACT completed?

The acquisition was successfully completed recently, as announced in the press release.

How will the acquisition impact Patterson's operations?

The acquired businesses are expected to be integrated into Patterson Veterinary's operations to enhance capabilities.

What are the specialties of RSVP and ACT?

RSVP and ACT provide solutions like data extraction, staffing, and video-based training for veterinary practices.