Patterson Companies Announces Strategic Expansion of Core Equipment Offerings
January 05 2015 - 5:54PM
Business Wire
Patterson Companies, Inc. (Nasdaq: PDCO) today announced plans
to expand its range of core equipment offerings and extend its
current assortment to include an increased number of high-end
products, as well as add entry-level and mid-range selections.
Patterson will look to bring its various market-leading technology
offerings together with multiple core equipment platforms. Core
dental equipment includes chairs, units and cabinetry; technology
equipment includes chairside CAD/CAM and other digital dental
systems.
Paul Guggenheim, president of Patterson Dental, said, “Patterson
is particularly excited to introduce chairs and treatment center
products from Sirona to the North American market in response to
customer demand for equipment that is highly integrated with the
advanced technology in today’s modern dental office. Further, we
look forward to creating new manufacturer relationships and
broadening our current partnerships with A-dec, DentalEZ, Planmeca,
Proma and others.”
Guggenheim continued, “As the leader in selling and servicing
dental equipment in North America, we are well positioned to
capitalize on the availability of alternatives addressing the full
spectrum of our customers, especially in the areas of new
construction and dental office remodeling, which have long been
strengths of ours. We believe this expanded offering will allow us
increased flexibility to meet the evolving needs of our customers
and is another step in achieving our strategy to broaden our view
of the markets we serve.”
About Patterson Companies, Inc.Patterson Companies, Inc.
is a value-added distributor serving the dental, companion-pet
veterinarian and rehabilitation supply markets.Dental MarketAs Patterson’s largest business,
Patterson Dental provides a virtually complete range of consumable
dental products, equipment and software, turnkey digital solutions
and value-added services to dentists and dental laboratories
throughout North America.Veterinary
MarketPatterson Veterinary is a leading distributor in the
U.S. and U.K. of consumable veterinary supplies, equipment and
software, diagnostic products, vaccines and pharmaceuticals
predominantly to companion-pet veterinary clinics.Rehabilitation MarketPatterson Medical is the
world’s leading distributor of rehabilitation supplies and
non-wheelchair assistive patient products to the physical and
occupational therapy markets. The unit’s global customer base
includes hospitals, long-term care facilities, clinics and
dealers.
This release contains forward-looking statements as defined in
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are information of a non-historical
nature and are subject to risks and uncertainties that are beyond
the Company’s ability to control. Any statements made in this press
release about the Company’s future financial conditions, results of
operations, expectations, plans, or prospects, including the
information under the heading “Business Outlook”, constitute
forward-looking statements. Forward-looking statements also include
those preceded or followed by the words "anticipates," "believes,"
"could," "estimates," "expects," "intends," "may," "plans,"
“projects,” “should,” "targets" and/or similar expressions. These
forward-looking statements are based on the Company’s current
estimates and assumptions and, as such, involve uncertainty and
risk. Forward-looking statements are not guarantees of future
performance, and actual results may differ materially from those
contemplated by the forward-looking statements because of a number
of factors, including the factors described in Item 1A of the
Company’s most recent Annual Report on Form 10-K, which factors are
incorporated herein by reference. Any forward-looking statement in
this release speaks only as of the date in which it is made. Except
to the extent required under the federal securities laws, the
Company does not intend to update or revise the forward-looking
statements.
Patterson Companies, Inc.Ann B. Gugino, 651-686-1600Vice
President & CFO
Patterson Companies (NASDAQ:PDCO)
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