Taft client Patterson Companies, Inc. (Nasdaq: PDCO), a leading dental and animal health distributor, has entered a definitive agreement to be acquired by Patient Square Capital, a dedicated health care investment firm, for approximately $4.1 billion. The transaction is expected to close in the fourth quarter of Patterson’s fiscal 2025, subject to the receipt of shareholder approval, regulatory approvals, and the satisfaction of other customary closing conditions.

Upon completion of the transaction, Patterson will become a privately held company, and its common stock will no longer be traded on the NASDAQ Global Select Market (Nasdaq). Patterson will maintain its headquarters in St. Paul, Minnesota. Read the release here.

Taft’s legal team is led by Brett Anderson, Joseph Dunham, Leanna Longley, and Kathleen Eick.