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Patterson Closes Acquisition Of Relief Services For Veterinary Practitioners And Animal Care Technologies

Jan 09, 2023•almost 3 years ago

Acquiring Company

Patterson Companies

Acquired Company

Relief Services

St. PaulManufacturingHealth Care

Description

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.

Company Information

Company

Patterson Companies

Location

St. Paul, Minnesota, United States

About

Patterson strengthens the oral and animal health markets in North America and the United Kingdom. From small, private practices to large group networks and production operations, we guide our customers with bold solutions and a personal touch. We are much more than a distributor – we are an indispensable partner.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed