Patient Square Capital acquires Patterson Companies

Patterson Companies, a leading supplier of products and services to the dental and animal health end markets, successfully completed its acquisition by Patient Square Capital, a dedicated health care investment firm, on April 17, 2025. As a result of this transaction, Patterson’s common stock is no longer traded on the NASDAQ Global Select Market.

Patterson Companies will maintain its headquarters in St. Paul, Minnesota.

Taft Stettinius & Hollister LLP acted as legal counsel to Patterson, with Guggenheim Securities, LLC as the exclusive financial advisor. Kirkland & Ellis LLP and Greenberg Traurig, LLP acted as legal counsel to Patient Square, while Citi, UBS Investment Bank, and Wells Fargo Securities, LLC served as financial advisors.

Stikeman Elliott acted as Canadian counsel to Patient Square with a team that included John Leopold, Jason Paperman, Garett Morin, Grace Hardwicke-Brown (M&A), Howard Rosenoff, Julia Demkowycz (Banking), Mario Paura, Miguel Manzano (Real Estate), Stephanie Weschler, Kathleen Chevalier, Cheryl Rea, Arjun Gandhi, Karelle LaRoche (Employment), Natasha vandenHoven, Priya Sharma (Pension and Benefits), Patrick Welsh (Environmental), Jonathan Auerbach (Intellectual Property), Danielle Miller Olofsson (Privacy), Sara Zborovski (Health Regulatory), Michael Laskey (Competition), Kevin Ackhurst (Sanctions), Jean-Guillaume Shooner, and Philippe Kattan (Tax).