Animal Health Segment Growth
Internal sales for the fiscal second quarter increased approximately 2% year-over-year, driven by mid-single-digit growth in the production animal business.
Strategic Acquisitions in Animal Health
Patterson announced two acquisition agreements: Infusion Concepts and Mountain Vet Supply, strengthening their position in the companion and production animal markets.
Cost Management Actions
Patterson implemented dedicated cost management actions, expecting to generate annual cost savings of approximately $16 million.
Investment in Software and Services
Investments were made in new features for Fuse, Eaglesoft, and Dolphin to enhance dental practice efficiency.