VCA Antech Sees Same-Store Revenue Grow 1.4%

VCA Antech Inc.’s animal hospital division recently reported revenue of $253.25 million for its third quarter ended Sept. 30, compared to revenue of $229.41 million in the year-ago period. This represents a 10.4 percent increase, driven primarily by acquisitions, including seven animal hospitals with combined annual revenue of almost $12 million.

Same-store revenue grew 1.4 percent in the third quarter.

Year to date, the division reported revenue of $730.35 million, compared to revenue of $635.05 million in the year-ago period.

Year to date, the company acquired 43 animal hospitals with combined annual revenue of more than $87 million.

The laboratory division reported revenue of $77.07 million for its third quarter, compared to $74.27 million in the year-ago period. Year to date, the division reported revenue of $235.63 million, compared to revenue of $227.07 million in the year-ago period.

The medical technology division reported revenue of $12.55 million for its third quarter, compared to revenue of $11.09 million in the year-ago period. Year to date, the division reported revenue of $38.23 million, compared to revenue of $32.9 million in the year-ago period.

Overall, Los Angeles-based VCA Antech reported net income of $35.77 million on revenue of $332.04 million for its third quarter, compared to net income of $32.23 million on revenue of $306.54 million in the year-ago period.

Year to date, the company reported net income of $107.29 million on revenue of $974.3 million, compared to net income of $96.39 million on revenue of $871.99 million in the year-ago period.

The company has also revised its 2008 financial guidance: revenue from $1.28 billion to $1.29 billion.

<HOME>

 

Leave a Comment

Comments

Your email address will not be published. Required fields are marked *

___

Register

Sign-up for your account with Veterinary Practice News. Your account gives you unlimited free access to our Newsletter Archives and our Digital Editions of Veterinary Practice News.
Please check the box below to confirm you would like to be added to Kenilworth Media’s various e-mail communications (includes e-newsletters, a survey now and then, and offers to the veterinarian industry*).
 

Leave this empty:

*We do not sell your e-mail address to 3rd parties, we simply forward their offers to you. Of course, you always have the right to unsubscribe from any communications you receive from us, should you change your mind in the future.