Patterson Veterinary Closes on Miller Vet Holdings Acquisition

Rhea-AI Summary

Patterson Veterinary Supply, a subsidiary of Patterson Companies (Nasdaq: PDCO), has successfully completed its acquisition of Miller Vet Holdings, LLC. The integration aims to combine Miller Vet’s operations and sales team with Patterson Veterinary’s existing facilities. George Henriques, president of the companion animal division, expressed enthusiasm about enhancing customer service through this acquisition, highlighting Miller Vet's strong reputation in the veterinary sector. The terms of the deal were not disclosed.

Positive

• Acquisition of Miller Vet Holdings is expected to enhance Patterson Veterinary's operations.
• Strengthening of customer service through integration of Miller Vet's reputable sales team and operations.
• Opportunities for market expansion by unifying resources and expertise.

Negative

• None.

Patterson Veterinary Supply, Inc., a subsidiary of Patterson Companies, Inc. (Nasdaq: PDCO) today announced that it closed the previously announced acquisition of Miller Vet Holdings, LLC.

The acquired business is expected to be integrated into Patterson Veterinary’s existing facilities and operations, along with the Miller Vet sales team.

“We are thrilled to have completed this acquisition, and excited to continue providing exceptional customer service to Miller Vet’s customers,” said George Henriques, president of the companion animal division of Patterson Animal Health. “Miller has built a strong reputation as a trusted partner for veterinarians and their practices, which aligns with our purpose, vision and values. We welcome our new colleagues to the Patterson team, and look forward to carrying on that reputation moving forward.”

Terms of the transaction were not disclosed.

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/20210614005799/en/

FAQ

What is the purpose of Patterson Companies' acquisition of Miller Vet Holdings?

The acquisition aims to integrate Miller Vet's operations and sales team into Patterson Veterinary, enhancing customer service and operational efficiency.

What are the expected benefits of the acquisition for Patterson Companies (PDCO)?

Expected benefits include improved customer service, expanded market reach, and enhanced operational capabilities.

When did Patterson Companies announce the acquisition of Miller Vet Holdings?

The acquisition was announced and completed on the same day in the recent press release.

What is the transaction value of the acquisition of Miller Vet Holdings by Patterson Companies?

The terms of the transaction were not disclosed in the press release.