Patterson Companies Announces Definitive Agreement to Sell Its Medical Business to Madison Dearborn Partners

Patterson Companies, Inc.

today announced a definitive agreement to sell its medical business (Patterson Medical) to Madison Dearborn Partners (MDP), a leading private equity firm based in Chicago, for gross proceeds of approximately $715 million in cash. The sale is expected to close in the fiscal second quarter, following the satisfaction of regulatory requirements and other customary closing conditions. According to Scott P. Anderson, chairman and chief executive officer of Patterson Companies, "Patterson's strategy for growth is to focus our resources and investments on building our dental and animal health businesses. We believe that the medical business will thrive under the new ownership that is dedicated to driving growth in the rehabilitation