It remained focused solely on the dental products market until the 21st century when it branched out into the veterinary supplies market through 2 large acquisitions, JA Webster in 2001 (92.5 million dollars) and ProVet in 2004. The company traces its roots through division Patterson Dental Supply back to one established in 1878 named Patterson Dental Company. The new companies were added to its Homecraft Rolyan unit in the UK. On JPatterson Medical purchased the rehabilitation part of Ireland-based DCC Healthcare (Days Healthcare, Physiomed and Ausmedic) in a move that increased Patterson Medical's revenue by 16.43% (US$70 million, fiscal year ended April 24, 2010). The Nasdaq-100 is composed of the 100 largest non financial stocks traded on the Nasdaq.
Patterson was also a member of the Nasdaq-100 until Decemwhen it and six other companies were replaced. In 2008 it was noted as having one of the lowest debt ratios among companies in the health care sector.
The company operates directly in only the US and Canada (in Canada through subsidiary Patterson Dental Canada). That business segment (now known as Patterson Veterinary) currently distributes equipment (diagnostic and surgical) and medicine (anaesthetics, vaccines). Traditionally a dental company, it diversified its business at the turn of the millennium when it acquired 55-year-old company, JA Webster Inc, a distributor of veterinary products. Patterson Companies Inc is a medical supplies conglomerate primarily in the business of veterinary and dental products (ranging from xray equipment to consumable products, dental consumables make up the biggest part of the dental industry).
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