Company
Patterson Companies, Inc.
Headquarters: Saint Paul, MN, United States
Founded: 1878
Employees: 7,800
CEO: Mr. Mark S. Walchirk
Market Cap
$3.11 Billion
USD as of April 1, 2022
Patterson Companies, Inc. Categories
United States
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Healthcare
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Medical Distribution
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United States Healthcare
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United States Medical Distribution
Detailed Description
Patterson Companies, Inc. distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through three segments; Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems. It also provides a range of related services comprising software and design services, maintenance and repair, and equipment financing. The Animal Health segment distributes biologicals, pharmaceuticals, vaccines, parasiticides, diagnostics, prescription and non-prescription diets, nutritionals, consumable supplies, equipment, and software, as well as value-added services. This segment also provides private label portfolio of products to veterinarians, producers, and retailers under the Aspen, First Companion, and Patterson Veterinary brands. The Corporate segment offers customer financing services; and sells other miscellaneous products. It serves dentists, laboratories, institutions, other healthcare professionals, veterinarians, other animal health professionals, production animal operators, and animal health product retailers. The company was formerly known as Patterson Dental Company and changed its name to Patterson Companies, Inc. in June 2004. Patterson Companies, Inc. was founded in 1877 and is headquartered in Saint Paul, Minnesota.
Wikipedia Introduction
Patterson Companies Inc is a medical supplies conglomerate primarily in the business of veterinary and dental products (ranging from xray equipment to consumable products, dental consumables make up the biggest part of the dental industry). Traditionally a dental company, it diversified its business at the turn of the millennium when it acquired 55-year-old company, JA Webster Inc, a distributor of veterinary products. That business segment (now known as Patterson Veterinary) currently distributes equipment (diagnostic and surgical) and medicine (anaesthetics, vaccines). The company operates directly in only the US and Canada (in Canada through subsidiary Patterson Dental Canada). In 2008 it was noted as having one of the lowest debt ratios among companies in the health care sector. Patterson was also a member of the Nasdaq-100 until December 10, 2010 when it and six other companies were replaced. The Nasdaq-100 is composed of the 100 largest non financial stocks traded on the Nasdaq. On June 17, 2010 Patterson Medical purchased the rehabilitation part of Ireland-based DCC Healthcare (Days Healthcare, Physiomed and Ausmedic) in a move that increased Patterson Medical's revenue by 16.43% (US$70 million, fiscal year ended April 24, 2010). The new companies were added to its Homecraft Rolyan unit in the UK.
Source: Wikipedia, retrieved on Feb. 18, 2021, 3:53 p.m.
Stocks & Indices
Patterson Companies, Inc. has the following listings and related stock indices.
Stock: NASDAQ: PDCO
Stock: XETR: PD2
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Key People
Founder(s): Myron F., John G. Patterson
John D. Buck Chair Mark S. Walchirk Pres, CEO
Financials
Revenue: $3.237 bil FY'104.6%
Net income: $212.254 mil FY'106.3%
Total assets: $2,447.952 mil July'101%
Total equity: $1,485.881 mil July'10 1%