Patterson Cos. Stock Surges 34% on $4.1 Billion Acquisition by Patient Square

Patterson Cos. stock rose sharply Wednesday after the company announced it would be acquired by private-equity firm Patient Square Capital in a $4.1 billion deal. Shares of the healthcare distributor jumped 34% to $31.10, marking the largest same-day percent increase on record, according to Dow Jones Market Data. Patterson a distributor specializing in equipment for the animal health and dental markets, went up for sale after posting mixed earnings for its second fiscal quarter ended Oct. 26.