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4-Traders Homepage  >  Equities  >  Nasdaq  >  Patterson Companies, Inc.    PDCO

Delayed Quote. Delayed  - 07/29 10:00:00 pm
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Patterson Companies, Inc. : eConnect enables veterinary practices to engage clients who shop online for their pet's medications.

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03/01/2012 | 09:18pm CEST
News Release

FOR IMMEDIATE RELEASE

WEBSTER VETERINARY ANNOUNCES ECONNECT LAUNCH BY VETSOURCE

Webster Veterinary announced today that its home delivery pharmacy partner VetSource has launched eConnect, a new service that provides a unique solution for veterinary practices to reconnect with and engage clients who shop online for their pet's medications. Pet owners have the convenience of requesting prescription medications and therapeutic diets online, directly from their veterinarian.
Webster Veterinary President George Henriques said, "With this new service that combines proprietary veterinary script approval software, pharmacy services and marketing with online retailers, VetSource continues to innovate and provide solutions that help practices compete in the growing home delivery market for pet medications."
The VetSource-authorized retail sites support the profession by including the veterinarian in both the approval process and transaction, while reinforcing a strong commitment to the value of regular veterinary care. Additionally, eConnect provides veterinarians with marketing
support that will help drive clients to the clinic. VetSource President and CEO Kurt Green said, "We are very excited about this new solution, which acknowledges the realities of the rapidly
evolving purchasing behavior of today's pet owner, while at the same time, underscoring our commitment to the veterinarian."
VetSource is launching eConnect with Wag.com, to be followed shortly by Dog.com - among the fastest growing, most respected online pet retailers - who are committed to supporting veterinarians and the vital role they play in the health and well-being of pets.
David Zhang, Site Leader at Wag.com, stated, "When we wanted to start our own online pharmacy to provide a more complete shopping experience for our customers, we were told we had one option: undercut veterinary professionals and convince customers that their vets were overcharging them. To us, that seemed like a terrible way to treat the caregivers our customers trust most, and we're fortunate that our new partner, VetSource, has shown us there is actually a better way that will allow us to support the relationship between our customers and their veterinarian."
For more information on VetSource and eConnect, please visit www.vetsource.com or call
877.738.8883.

About Webster Veterinary

Webster Veterinary, a leading distributor of consumable veterinary supplies, equipment and software, diagnostic products, vaccines and pharmaceuticals to veterinary clinics, is part of the progressive, global Patterson Companies (Nasdaq: PDCO) family of businesses.

CONTACT: Tammy Love, Corporate Communications/PR Specialist COMPANY: Patterson Companies, Inc. TEL: 651.686.1921 WEB: www.pattersoncompanies.com # # #
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Financials ($)
Sales 2017 5 773 M
EBIT 2017 420 M
Net income 2017 235 M
Debt 2017 1 022 M
Yield 2017 2,08%
P/E ratio 2017 19,71
P/E ratio 2018 17,32
EV / Sales 2017 1,02x
EV / Sales 2018 0,93x
Capitalization 4 892 M
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Mean consensus HOLD
Number of Analysts 11
Average target price 51,1 $
Spread / Average Target 3,6%
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Managers
NameTitle
Scott P. Anderson Chairman, President & Chief Executive Officer
Sean M. Muniz Vice President-Operations
Ann B. Gugino Chief Financial Officer, Treasurer & Executive VP
Ranell M. Hamm Chief Information Officer & Vice President
James W. Wiltz Independent Director
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