Covetrus to sell diagnostics subsidiary to Heska for $125 millionJanuary 16, 2020Covetrus 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. The agreement also includes a commercial relationship between Covetrus and Heska tied to ongoing logistics support for the latter's family of diagnostic products, as well as connectivity between the Covetrus Global Technology Solutions practice information management software systems (PIMS) and Heska's laboratory and imaging solutions. Covetrus says the net cash proceeds from the sale will go toward paying down debt. In addition, the proceeds may also be used for other general corporate purposes. "While we are still in the early stages of executing on our strategy, this transaction is an important initial step in that process," says Ben Wolin, Covetrus' acting president and chief executive officer. In related company news, Covetrus also announced it was combining its Spain and Portugal businesses with Distrivet, a provider of veterinary products and services in Spain. As a result, Covetrus will own 50.01 percent of Distrivet. The deal is expected to close …
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No sign of mass in bear that underwent radiation treatment at Texas A&MJanuary 16, 2020Judge Sue “Lady” Sloan, the mascot of a private university in Waco, Tex., is making waves as the first bear to receive TomoTherapy to treat a tumor found in her chest.
VitusVet, Nationwide surpass one million mobile insurance claimsJanuary 15, 2020VitusVet has processed more than one million claims through its mobile app on behalf of insurance provider, Nationwide.
Heska enters Spanish marketJanuary 14, 2020Heska Corp. is expanding its veterinary diagnostic and specialty products business into Spain with the purchase of imaging and blood testing product providers, CVM Diagnostico Veterinario and CVM Ecografía.
Canine officer treated for rare cancer at Texas A&MJanuary 13, 2020A surgical oncologist at Texas A&M College of Veterinary Medicine and Biomedical Sciences (CVM) is credited with saving the life of a canine officer after diagnosing the pooch with an uncommon type of tumor.
AVMF to match $50,000 in donations for Australian reliefJanuary 10, 2020As news outlets continue to share the devastating impact of Australia’s wildfires, AVMA is encouraging members and nonmembers to support veterinarians working on the front line.
Practice management focus of UC Davis certificate programJanuary 10, 2020Those interested in running their own practice may want to consider heading to the Golden State to refine their business skills.
Racehorse safety focus of California billJanuary 9, 2020Following almost 40 deaths of racehorses in California, new legislation has been launched to improve equine veterinary care at racetracks across the state.
Feline retroviruses central in AAFP resourceJanuary 9, 2020An updated resource from the American Association of Feline Practitioners (AAFP) could help animal health professionals ensure their feline patients lead longer, healthier lives.
Telemedicine provider secures $2 million in fundingJanuary 8, 2020TeleVet, a Texas-based online platform that connects veterinary clinics to their existing clients, has closed a $2-million seed funding round.
