Transaction to Expand Patterson Veterinary Capabilities and Offerings
Patterson Companies, Inc. (Nasdaq: PDCO), today announced that it has, through a subsidiary, signed an agreement to acquire substantially all of the assets of Relief Services for Veterinary Practitioners and Animal Care Technologies (RSVP and ACT), a Texas-based company that provides innovative solutions to veterinary practices through data extraction and conversion, staffing and video-based training services. Upon closing, the acquisition expects to expand Patterson Veterinary’s value-add platform by adding these solutions to their suite of offerings.
RSVP and ACT is a privately held company founded in 1992. The acquired business will be integrated into Patterson Veterinary’s existing operations with integration of RSVP and ACT employees into the Patterson Veterinary team.
According to Kevin Pohlman, president of Patterson Animal Health, “RSVP and ACT have a specific set of offerings that are very attractive to Patterson Veterinary. These capabilities, coupled with its strong reputation among veterinarians, aligns with our vision of being an indispensable partner for our customers. In addition to building upon Patterson Veterinary’s strong suite of offerings, this acquisition illustrates Patterson’s focus on making strategic investments to drive profitable growth and create shareholder value.”
RSVP and ACT President Dr. David Grant stated, “We are excited about joining the Patterson Veterinary team and broadening the resources available to our respective customers. We have long admired Patterson Vet as a leading value-add provider to the companion animal market.”
George Henriques, president of Patterson Veterinary Supply, added that “in addition to strengthening our core offerings, the acquisition will expand and enhance our operating team. We welcome our new colleagues to the Patterson team and look forward to continued success together.”
Terms of the transaction are not being disclosed. Patterson expects to close the transaction during its third fiscal quarter of FY2023.
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
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