Madison Dearborn Closes $715M Buy of Patterson Medical
September 01, 2015
Madison Dearborn Partners has completed its previously announced $715 million acquisition of Patterson Medical, formerly the medical business of Patterson Companies (NASDAQ: PDCO). Founded in 1995 as Sammons Preston and later renamed AbilityOne, Patterson Medical is a global specialty distributor of rehabilitation supplies and equipment to acute care facilities, outpatient clinics, long-term care facilities and select dealers. In fiscal 2015, sales and EBITDA for the medical segment were $464.2 million and $67.2 million, respectively.