Patterson Cos. buys Iowa Dental Supply
ST. PAUL, Minn. (AP) — Patterson Cos. said Monday it bought Iowa Dental Supply LLC, which distributes dental products in five Midwestern states.
The company did not disclose terms of the deal. Patterson said Iowa Dental Supply serves practices in Iowa, Nebraska, South Dakota, Missouri, and Illinois, and had about $13 million in sales in 2011. It said the purchase will add slightly to its profit in the current fiscal year.
Patterson's revenue for its dental business grew 6 percent to $567.4 million in its fiscal first quarter, which ended July 28.
Shares of Patterson lost 6 cents to $34.18 on Monday.