January 16, 2020
Covetrus is divesting itself of its Scil Animal Care business to Heska Corp. in an all-cash deal worth US$125 million.
Subject to customary closing conditions, the transaction is expected to close in the next 60 to 90 days. Headquartered in Germany, Scil is a veterinary diagnostics company that distributes in 24 countries, including Canada.
The agreement also includes a commercial relationship between Covetrus and Heska tied to ongoing logistics support for the latter’s family of …