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04/2025

PATTERSON COMPANIES acquired by PATIENT SQUARE CAPITAL

UNITED STATES Life Sciences / Medical Devices / Medical Consumables EV 3b - 100b USD

Context

Patient Square Capital completed the acquisition of 100% of Patterson Companies, taking the business private and delisting it from the NASDAQ Global Select Market. Patterson will maintain its headquarters in St. Paul, Minnesota. The transaction positions Patterson to accelerate its growth strategy and strengthen its offering to dental and animal health customers under Patient Square's healthcare-focused ownership and operational support.

PATTERSON COMPANIES, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Healthcare & Pharma sector (15.3x).

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Target

Patterson Companies is a leading US-based distributor of products and services to two distinct end markets: (1) dental, providing dental practitioners and laboratories across North America and the UK with consumables, equipment, technology solutions, and value-added services; and (2) animal health, supplying veterinary practices and production animal operations through its Animal Health International subsidiary. The company operates a comprehensive portfolio combining product distribution with proprietary software, digital solutions, and practice management services, supported by an extensive logistics and supply chain network across North America and the UK.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2024
2023

Similar deals in Life Sciences

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
05/2025OTTOBOCKMATTON ORTHOMEDIBELGIUMImplants & Prosthetics
05/2025IK PARTNERSBIOBANKFRANCEImplants & Prosthetics
04/2025IK PARTNERSSTERIMEDFRANCEMedical Consumables
04/2025NORGINETHERAVIAFRANCEGenerics / Labs
04/2025INSTITUT MERIEUX / ARCHIMEDCEVA SANTE ANIMALEFRANCEAnimal Health
04/2025CINVENNUTRISENSFRANCENutrition & Dietary Supplements
03/2025LBO FRANCEHEMODIAFRANCEMedical Devices
03/2025ZYDUSAMPLITUDE SURGICALFRANCEImplants & Prosthetics
03/2025NUTRISENSPRODIETBRAZILNutrition & Dietary Supplements
03/2025SIPAREXLABORATOIRE POLIDISFRANCEMedical Consumables

REFERENCES

Valuation range: EV 3b - 100b USD

Revenue range: 2.5b - 5b USD

EBITDA range: 250M - 500M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PATTERSON COMPANIES by PATIENT SQUARE CAPITAL are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: patterson companies

Acquirer: patient square capital