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PATTERSON DENTAL REACHES AGREEMENT WITH HEALTHCO

 MINNEAPOLIS, Aug. 6 /PRNewswire/ -- Patterson Dental Company (NASDAQ: PDCO) announced today that it has reached an agreement in principle with Healthco International, Inc. to acquire the stock of Healthco's wholly owned Canadian subsidiary, Healthco Canada, Inc., formerly Dental Depot Ltd. The terms of the agreement were not disclosed.
 Boston-based Healthco International, Inc., the parent of Healthco Canada, is currently in Chapter 11 bankruptcy proceedings. Any acquisition would be subject to reaching a definitive agreement, due diligence review by Patterson, and other conditions, including approval of the transaction by Healthco International's creditors and the Bankruptcy Court.
 Peter L. Frechette, president and chief executive officer of Patterson Dental, stated that the Canadian market represents a logical extension of Patterson's growth strategy and that Healthco Canada would be an appropriate vehicle for such expansion.
 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- 8/6/93
 /CONTACT: Ronald Ezerski, vice president and CFO of Patterson Dental, 612-858-1776/
 (PDCO)


CO: Patterson Dental Company ST: Minnesota IN: HEA SU: TNM

TJ -- MN015 -- 0447 08/06/93 17:10 EDT
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Publication:PR Newswire
Date:Aug 6, 1993
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