Patterson Companies

Patterson Companies Board Approves New Share Repurchase Authorization and Declares Regular Quarterly Cash Dividend

Retrieved on: 
Tuesday, March 12, 2024
Health, Dental, Veterinary, Share repurchase, Patterson Companies

On March 11, 2024, the Board of Directors of Patterson Companies, Inc. (Nasdaq: PDCO) approved a new share repurchase authorization for the repurchase of up to $500 million of the company’s common stock through March 16, 2027, replacing a prior authorization which was expiring and under which there was $194.9 million remaining.

Key Points: 
  • On March 11, 2024, the Board of Directors of Patterson Companies, Inc. (Nasdaq: PDCO) approved a new share repurchase authorization for the repurchase of up to $500 million of the company’s common stock through March 16, 2027, replacing a prior authorization which was expiring and under which there was $194.9 million remaining.
  • The Board also declared a quarterly cash dividend of $0.26 per share.
  • The dividend will be payable on, or about, May 3, 2024, to shareholders of record as of the close of business on April 19, 2024.

Patterson Dental and Vyne Dental Join Forces to Expedite Insurance Claim Processing for Eaglesoft Customers and Dental Practices

Retrieved on: 
Saturday, March 2, 2024
Veterinary, Technology, Insurance, Security, Dental, Professional Services, Health Insurance, Software, Practice Management, Health, ERA, Change Healthcare, Patterson Companies

Patterson Dental has an alternative solution to restore insurance claims processing for Eaglesoft customers.

Key Points: 
  • Patterson Dental has an alternative solution to restore insurance claims processing for Eaglesoft customers.
  • To restore business continuity for our customers, Patterson has expanded our Eaglesoft claims processing and insurance services to include Vyne Dental.
  • Our collaboration with Vyne Dental will ensure rapid resolution of insurance claims and attachments, real-time eligibility checks and electronic remittance advice (ERA).
  • We are confident in Vyne Dental’s ability to support our software customers,” said Tim Rogan, President of Patterson Dental.

Patterson Companies Reports Fiscal 2024 Third Quarter Operating Results

Retrieved on: 
Wednesday, February 28, 2024
Medical Supplies, Health, Dental, General Health, Pharmaceutical, Veterinary, Acquisition, Collection, Share repurchase, Growth, Disclosure, Risk, Conference, GAAP, Consolidated, Tax, Public expenditure, Animal Health, Instrument, Patterson Companies, Internal, Public, Security (finance)

Patterson Companies, Inc. (Nasdaq: PDCO) today reported operating results for its fiscal 2024 third quarter ended January 27, 2024.

Key Points: 
  • Patterson Companies, Inc. (Nasdaq: PDCO) today reported operating results for its fiscal 2024 third quarter ended January 27, 2024.
  • Reported net income attributable to Patterson Companies, Inc. for the third quarter of fiscal 2024 was $47.7 million, or $0.52 per diluted share, compared to $53.9 million, or $0.55 per diluted share, in the third quarter of fiscal 2023.
  • Adjusted net income1 attributable to Patterson Companies, Inc., which excludes deal amortization, totaled $55.0 million for the third quarter of fiscal 2024, or $0.59 per diluted share, compared to $61.1 million, or $0.62 per diluted share, in the third quarter of fiscal 2023.
  • Patterson Companies’ fiscal 2024 third quarter conference call will start at 8:30 a.m. Eastern today.

Patterson Dental and Vyne Dental Join Forces to Expedite Insurance Claim Processing for Eaglesoft Customers and Dental Professionals Nationwide

Retrieved on: 
Thursday, February 29, 2024
Partnership, Insurance, Seamless, Patterson Companies, Dentistry

INDIANAPOLIS, Feb. 29, 2024 /PRNewswire-PRWeb/ -- The collaboration between Vyne Dental, a leading provider of dental revenue technologies, claims processing, and electronic health information exchange for all-sized dental practices, and Patterson Dental comes at a critical time, with the primary objective of ensuring uninterrupted operations and continued high-quality patient care for dental practices nationwide.

Key Points: 
  • In response to recent challenges faced by dental professionals nationwide due to delays in insurance claim processing stemming from a security incident, Vyne Dental and Patterson Dental have announced they will be joining forces aimed at providing swift support to affected practices.
  • "Through our collaboration with Patterson Dental, we are committed to delivering expedited solutions and unparalleled support to dental professionals navigating through this difficult period," said Steve Roberts, Chief Executive Officer, Vyne.
  • "Through our collaboration with Patterson Dental, we are committed to delivering expedited solutions and unparalleled support to dental professionals navigating through this difficult period."
  • We are confident in Vyne Dental's ability to support our software customers," Tim Rogan, President of Patterson Dental.

Patterson Companies Elects Pamela Tomczik to Board of Directors

Retrieved on: 
Friday, February 2, 2024
Health, Dental, Veterinary, Thomson Reuters, Senior, Committee on Finance, Patterson Companies, Corporate development, Hamline University, University, Treasury, Traveler, M&A, Management

Patterson Companies, Inc. (Nasdaq: PDCO) today announced that Pamela Tomczik has been elected to the Patterson Companies Board of Directors, effective February 2, 2024.

Key Points: 
  • Patterson Companies, Inc. (Nasdaq: PDCO) today announced that Pamela Tomczik has been elected to the Patterson Companies Board of Directors, effective February 2, 2024.
  • “As we continue to enhance the finance, strategy and corporate development experience on our Board, we are excited to welcome Pamela to the Board of Directors,” said John D. Buck, Chairman of the Board of Patterson Companies.
  • “Pamela is a skilled finance executive with extensive experience in the treasury and M&A functions at various companies and will provide valuable strategic insights and enhance the diversity of perspectives on our Board.
  • Prior to joining Target, Ms. Tomczik held several leadership positions at Thomson Reuters, including Vice President of Corporate Development.

Pearl Celebrates a Banner Year of Groundbreaking Achievements in Dental AI

Retrieved on: 
Tuesday, January 23, 2024
Health, Dental, Technology, Health Technology, Artificial Intelligence, International Dental Show, Patient, DDS, API, AI, Practice, Oryx, Recognition, Patent, Patterson Companies, Certification, Medical device

“Last year, Pearl made tremendous progress toward our goal of transforming dentistry and the dental health of patients around the world with AI,” said Ophir Tanz, founder and CEO of Pearl.

Key Points: 
  • “Last year, Pearl made tremendous progress toward our goal of transforming dentistry and the dental health of patients around the world with AI,” said Ophir Tanz, founder and CEO of Pearl.
  • The patent grants Pearl the exclusive rights to the technology system supporting the software’s application programming interface (API).
  • At the 2023 International Dental Show in Cologne, Germany, Pearl announced plans to expand access to its Practice Intelligence® solution for the European market.
  • Strategic Partnerships: Throughout 2023, Pearl announced over a dozen new partnerships, including many that bring Pearl’s clinical AI capabilities to dentistry’s leading software platforms from Patterson Dental , Planmeca , Planet DDS , CareStack , Curve , Oryx , Dentulu , VisiQuick and Vyne Dental .

Patterson Companies Declares Regular Quarterly Cash Dividend

Retrieved on: 
Wednesday, December 6, 2023
Health, Dental, Veterinary, Patterson Companies, Holding company

On December 5, 2023, the Board of Directors of Patterson Companies, Inc. (Nasdaq: PDCO) declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on, or about, February 2, 2024, to shareholders of record as of the close of business on January 19, 2024.

Key Points: 

On December 5, 2023, the Board of Directors of Patterson Companies, Inc. (Nasdaq: PDCO) declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on, or about, February 2, 2024, to shareholders of record as of the close of business on January 19, 2024.

Patterson Companies Reports Fiscal 2024 Second Quarter Operating Results

Retrieved on: 
Wednesday, November 29, 2023
Health, Dental, Veterinary, Disclosure, Internal, Patterson Companies, Risk, Collection, Share repurchase, Tax, Consolidated, Public expenditure, Conference, GAAP, Growth, Public, Animal Health, Security (finance), Pet industry, Bank, Life insurance

Patterson Companies, Inc. (Nasdaq: PDCO) today reported operating results for its fiscal 2024 second quarter ended October 28, 2023.

Key Points: 
  • Patterson Companies, Inc. (Nasdaq: PDCO) today reported operating results for its fiscal 2024 second quarter ended October 28, 2023.
  • Reported net income attributable to Patterson Companies, Inc. for the second quarter of fiscal 2024 was $40.0 million, or $0.42 per diluted share, compared to $54.1 million, or $0.55 per diluted share, in the second quarter of fiscal 2023.
  • Adjusted net income1 attributable to Patterson Companies, Inc., which excludes deal amortization, totaled $47.3 million for the second quarter of fiscal 2024, or $0.50 per diluted share, compared to $61.2 million, or $0.63 per diluted share, in the second quarter of fiscal 2023.
  • Patterson Companies’ fiscal 2024 second quarter conference call will start at 8:30 a.m. Eastern today.

Patterson Dental Selects Pearl as New Integrated AI Provider

Retrieved on: 
Monday, November 20, 2023
Technology, FDA, Dental, Health Technology, Software, Practice Management, Radiology, Health, Artificial Intelligence, Patterson Companies, Dolphin, Pathology, Second, Dentist, Patient, Multimedia, Practice management, Fuse, Practice, Partnership, X-ray, Dental care, AI, Medical device, Medical imaging, Pearl

Pearl , the global leader in dental AI solutions, today announced a partnership with Patterson Dental, a subsidiary of Patterson Companies (Nasdaq: PDCO), to distribute Pearl’s Second Opinion® and Practice Intelligence® software solutions as well as to integrate Second Opinion’s AI pathology detection feature set within Patterson’s Eaglesoft dental practice management software.

Key Points: 
  • Pearl , the global leader in dental AI solutions, today announced a partnership with Patterson Dental, a subsidiary of Patterson Companies (Nasdaq: PDCO), to distribute Pearl’s Second Opinion® and Practice Intelligence® software solutions as well as to integrate Second Opinion’s AI pathology detection feature set within Patterson’s Eaglesoft dental practice management software.
  • View the full release here: https://www.businesswire.com/news/home/20231120987871/en/
    Patterson Dental Selects Pearl as New Integrated AI Provider (Photo: Business Wire)
    “With a mission to be the most trusted partner within the dental industry, we are committed to bringing our customers new products that streamline operations, optimize efficiency and maximize profitability,” said Tim Rogan, President of Patterson Dental.
  • In partnership with Patterson Dental, Pearl’s AI capabilities will be integrated within the Eaglesoft practice management software, delivering dentistry’s most advanced clinical AI capabilities to Patterson Dental customers across the United States.
  • “We developed our breakthrough AI technology to transform the quality, accuracy, and consistency of dental care,” said Ophir Tanz, founder and CEO of Pearl.

Wellfit Partners With Patterson Dental to Offer an Integrated Fintech Solution

Retrieved on: 
Wednesday, November 1, 2023
Software, Professional Services, Fintech, Data Management, Payments, Technology, Health Technology, Health Insurance, Dental, Insurance, Practice Management, Health, Patterson Companies, Patient, Partnership, Daou Technology Inc., Dental care, Health insurance, Dentistry

Wellfit® Technologies, Inc., ( Wellfit ), a healthcare technology platform that provides streamlined dental financing, discount plans and payment processing, announces its strategic partnership with Patterson Dental to provide an integrated technology solution for patient financing, customizable dental plans, and payment processing, which will be offered to both new and existing Patterson Dental customers under the name CarePay+.

Key Points: 
  • Wellfit® Technologies, Inc., ( Wellfit ), a healthcare technology platform that provides streamlined dental financing, discount plans and payment processing, announces its strategic partnership with Patterson Dental to provide an integrated technology solution for patient financing, customizable dental plans, and payment processing, which will be offered to both new and existing Patterson Dental customers under the name CarePay+.
  • With CarePay+, Patterson Dental customers can enjoy the benefits of Wellfit’s technology integration with their existing Eaglesoft® system, streamlining financial processes and simplifying the management of dental plans and payments, thereby enhancing the overall dental care experience for both dental practitioners and patients.
  • “We strongly believe this partnership with Patterson Dental will be a game changer in the dental industry.
  • Our cutting-edge technology, coupled with Patterson Dental’s extensive network and expertise, will improve the dental financing landscape,” said Fulton Collins, Wellfit CEO.