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PATTERSON DENTAL ANNOUNCEMENT

 MINNEAPOLIS, Sept. 8 /PRNewswire/ -- Patterson Dental Company (NASDAQ: PDCO) announced today that at a hearing held Sept. 7, 1993, in Worcester, Mass., before the bankruptcy court overseeing the bankruptcy of Boston-based Healthco International, a motion to approve the sale of Healthco International's Canadian subsidiary, Healthco Canada, was denied. Instead, Judge James Queenan ordered that a bidding process be initiated which would allow competing bids for Healthco Canada to be received by the bankruptcy trustee until Sept. 24, 1993.
 Peter Frechette, Patterson's CEO, expressed continued interest in acquiring Healthco Canada.
 Patterson previously announced an agreement in principle with Healthco International to acquire Healthco Canada, subject to certain conditions, among which was bankruptcy court approval. The ruling by Judge Queenan delays until Sept. 24, 1993, a final decision by the court on the acquisition. Healthco International filed for Chapter 11 bankruptcy protection on June 9, 1993. The bankruptcy was subsequently converted to Chapter 7.
 Patterson Dental Company is the largest distributor of dental products in the United States. The company supplies more than 50,000 products to dentists, dental laboratories and institutions, including x-ray film and solutions, impression and restorative materials, hand instruments, and sterilization and protective products and equipment. Patterson markets its products and services through more than 500 direct sales representatives and equipment specialists nationwide and ships approximately 96 percent of its orders within 24 hours of receipt. For the fiscal year ended April 24, 1993, Patterson Dental had net sales of $342.8 million and net income of $12.8 million or 90 cents per share.
 -0- 9/8/93
 /CONTACT: Matthew Levitt, general counsel of Patterson Dental Company, 612-858-1777/
 (PDCO)


CO: Patterson Dental Company, Healthco International ST: Minnesota, Massachusetts IN: MTC SU:

DB-AL -- MN011 -- 0046 09/08/93 18:24 EDT
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Publication:PR Newswire
Date:Sep 8, 1993
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