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 Patterson Medical Acquires Rehabilitation Operating Units of DCC plc

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الجوزاء عدد المساهمات : 275
نقاط : 726
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تاريخ التسجيل : 25/01/2010
العمر : 25
الموقع : l2vevet.ahlamontada.com

مُساهمةموضوع: Patterson Medical Acquires Rehabilitation Operating Units of DCC plc   الجمعة يونيو 18, 2010 12:46 am

Patterson Medical

Acquires Rehabilitation


Operating


Units of DCC plc



ST. PAUL, Minn., Jun 17, 2010 (BUSINESS WIRE) --
Patterson Medical, the rehabilitation supply and equipment unit of
Patterson Companies, Inc.
/quotes/comstock/15*!pdco/quotes/nls/pdco
([ندعوك للتسجيل في المنتدى أو التعريف بنفسك لمعاينة هذا الرابط]
30.48,
-0.13,
-0.42%)

today announced the acquisition
of the rehabilitation businesses of DCC Healthcare, a division of
DCC
plc (Irish Stock Exchange: DCC.I), a business support services
group
headquartered in Dublin, Ireland. Terms of the all-cash
transaction were
not disclosed.






The acquired DCC businesses--Days Healthcare, Physiomed and
Ausmedic--rank
among the leaders in their respective overseas markets, providing
assistive living products and rehabilitation equipment and
supplies to
hospitals, physical and occupational therapists, long-term care
facilities, dealers and consumers in the U.K., continental Europe,

Australia, New Zealand and other international markets.






Days, Physiomed and Ausmedic posted combined sales of approximately
$70
million for the fiscal year ended March 31, 2010, while Patterson
Medical reported sales of $426 million for the year ended April
24,
2010. The acquisition is expected to have a neutral impact on
Patterson's consolidated earnings in fiscal 2011 and then be
accretive
starting in its second year as part of the company.






David P. Sproat, president of Patterson Medical, commented: "This
strategic acquisition significantly strengthens the market
presence and
geographic reach of our Homecraft Rolyan unit in the U.K. In
addition to
expanding Homecraft's position in the U.K.'s physical and
occupational
therapy markets, this transaction brings a stable of trusted and
established brand names that encompass an extensive range of
rehabilitation and assistive living products. This acquisition
also
increases HomeCraft's international coverage, including strong
positions
in the Australia and New Zealand rehabilitation markets, where we
previously had a limited presence. Also part of this transaction
is a
sourcing team in China."






He added: "Consolidating DCC's rehabilitation businesses into
Homecraft
Rolyan will enable us to more fully leverage our existing U.K.
capacity,
capture significant synergies among our operating units and
provide
greater opportunities for the employees of Days Healthcare,
Physiomed
and Ausmedic. In all, this acquisition will strengthen our
presence in
the large and growing global rehabilitation market, making us
believe
this transaction should spur Patterson Medical's profitable
growth."


About Patterson Companies, Inc.


Patterson Companies, Inc. is a value-added distributor serving the
dental, companion-pet veterinarian and rehabilitation supply
markets.


Dental Market

As Patterson's largest business, Patterson Dental provides a
virtually
complete range of consumable dental products, equipment and
software,
turnkey digital solutions and value-added services to dentists and

dental laboratories throughout North America.






Veterinary Market


Webster Veterinary is a distributor of consumable veterinary
supplies,
equipment and software, diagnostic products, vaccines and
pharmaceuticals to companion-pet veterinary clinics.


Rehabilitation Market

Patterson Medical is a distributor of rehabilitation supplies and
non-wheelchair assistive patient products to the physical and
occupational therapy markets. The unit's global customer base
includes
hospitals, long-term care facilities, clinics and dealers.


This release contains forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are information of a non-historical nature and are
subject to
risks and uncertainties that are beyond the Company's ability to
control. The Company cautions shareholders and prospective
investors
that the following factors, among others, may cause actual results
to
differ materially from those indicated by the forward-looking
statements: competition within the dental, veterinary, and
rehabilitative and assistive living supply industries; changes in
the
economics of dentistry, including reduced growth in expenditures
by
private dental insurance plans, the effects of economic conditions
and
the effects of healthcare reform, which may affect future per
capita
expenditures for dental services and the ability and willingness
of
dentists to invest in high-technology products; the effects of
healthcare related legislation and regulation which may affect
expenditures or reimbursements for rehabilitative and assistive
products; changes in the economics of the veterinary supply
market,
including reduced growth in per capita expenditures for veterinary

services and reduced growth in the number of households owning
pets; the
ability of the Company to maintain satisfactory relationships with
its
sales force; unexpected loss of key senior management personnel;
unforeseen operating risks; risks associated with the dependence
on
manufacturers of the Company's products; and the ability of the
Company
to successfully integrate the recent acquisitions into its
existing
business. Forward-looking statements are qualified in their
entirety by
the cautionary language set forth in the Company's filings with
the
Securities and Exchange Commission.


SOURCE: Patterson Companies, Inc.



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Patterson Medical Acquires Rehabilitation Operating Units of DCC plc
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