Patterson Companies to acquire Mercer Mastery

ST. PAUL, Minn.--(BUSINESS WIRE)--Patterson Companies, Inc. (Nasdaq: PDCO) today announced an all-cash purchase agreement to acquire Mercer Mastery, a subsidiary of Mercer Advisors Inc. Through the acquisition, Patterson will gain Mercer’s proprietary OnTrack dental practice performance software system.

“This is a strategic acquisition that enhances our software offerings for dental practices,” said Paul Guggenheim, president of Patterson Dental. ”Mercer’s OnTrack software is a highly compatible solution that can be easily integrated into our platforms to expand our industry-leading software offerings. Longer-term, we anticipate leveraging the OnTrack system across all of Patterson’s businesses to generate additional revenue opportunities.”

According to David Barton, president and CEO of Mercer Advisors, “OnTrack is a cloud-based business intelligence system that allows dentists to choose growth targets for their practice and then create a business plan to achieve those goals. Utilizing customizable planning elements and a cutting edge executive dashboard, OnTrack monitors, measures and helps manage key performance indicators known to drive practice growth.”

Patterson Dental currently offers powerful dental practice software systems for general dentists through its Eaglesoft software and for orthodontic practices with its Dolphin Imaging and Management Solutions.

Patterson Dental’s acquisition of Mercer Mastery closed on July 31, 2013. The acquisition is not financially material to Patterson; terms were not disclosed.