Patterson Companies

Patterson Companies logo

Patterson Companies, Inc. is a market-leading specialty distributor serving the dental, veterinary, and rehabilitation supply markets. Founded in 1877 by Myron F. Patterson, Patterson Companies started as a small drug company and has evolved over the years into a corporation with a comprehensive range of services and products for professional markets. The company's headquarters are located in Saint Paul, Minnesota, United States.

History

The origins of Patterson Companies trace back to 1877 when Myron F. Patterson established a small drug company in Saint Paul, Minnesota. Initially focusing on the distribution of pharmaceutical products, the company expanded its offerings to include dental supplies by the early 20th century. This diversification marked the beginning of Patterson's long-standing association with the dental industry.

Throughout the 20th century, Patterson Companies continued to grow, both organically and through acquisitions. A significant milestone in its history was the decision to enter the veterinary supply market, further broadening its portfolio of health care products and services. In recent years, Patterson has also made strides into the rehabilitation supply market, catering to the needs of physical and occupational therapy professionals.

Operations

Patterson Companies operates through two main segments: Patterson Dental and Patterson Animal Health. Each segment focuses on distributing a wide range of products and services tailored to meet the specific needs of their respective markets.

Patterson Dental

The Patterson Dental segment supplies dental products, including consumables, equipment, and technology solutions, to dentists and dental laboratories. This segment is known for its commitment to innovation, offering the latest in dental technology to improve the efficiency and quality of dental care.

Patterson Animal Health

Patterson Animal Health is dedicated to providing veterinary clinics and animal health professionals with a comprehensive range of products, from pharmaceuticals to diagnostic equipment. This segment plays a crucial role in supporting the health and well-being of animals, both domestic and livestock.

Corporate Social Responsibility

Patterson Companies is committed to corporate social responsibility (CSR), focusing on sustainable practices, community involvement, and ethical governance. The company actively participates in various initiatives aimed at giving back to the communities in which it operates, emphasizing the importance of health, education, and welfare.

Financial Performance

As a publicly traded company on the NASDAQ under the ticker symbol PDCO, Patterson Companies has shown resilience and growth in its financial performance. The company's strategic acquisitions and focus on high-growth markets have contributed to its strong position within the specialty distribution industry.

Challenges and Opportunities

Like many companies in the distribution sector, Patterson Companies faces challenges such as market competition, regulatory changes, and the need for continuous technological innovation. However, the company's long history, diversified portfolio, and commitment to customer service position it well to capitalize on opportunities in the evolving healthcare market.

Conclusion

Patterson Companies, Inc. has established itself as a leader in the distribution of dental, veterinary, and rehabilitation supplies. With a history spanning over a century, the company has demonstrated an ability to adapt and grow in a changing market landscape. Looking forward, Patterson Companies is poised to continue its mission of providing value to its customers, employees, and shareholders while maintaining a strong commitment to corporate social responsibility.