Delete

VCA Antech To Acquire Healthy Pet

Suggested Veterinary Products

newslineVCA Antech to Acquire Healthy PetVCA Antech to Acquire Healthy PetVCA Antech to Acquire Healthy PetLos Angeles-based VCA Antech Inc. has agreed to buy Healthy Pet Corp. for $152.9 million in cash.Los Angeles-based VCA Antech Inc. has agreed to buy Healthy Pet Corp. for $152.9 million in cash.

Los Angeles-based VCA Antech Inc. has agreed to buy Healthy Pet Corp. for $152.9 million in cash.

Healthy Pet, based in Fairfield, Conn., operates 44 animal hospitals with annual revenue of about $80 million. On completion of the merger, which is expected in June, the combined companies will operate more than 430 animal hospitals in 38 states.

“We believe that the combination of VCA Antech and Healthy Pet provides a great strategic fit and an opportunity to expand in certain states, particularly Massachusetts, Connecticut, Virginia and Georgia,” said Bob Antin, chairman and chief executive officer of VCA Antech. “Healthy Pet also operates several specialty and teaching facilities that will help support our focus on continuing education in the Northeast.

“In addition, we believe the opportunity to continue to acquire individual animal hospitals remains strong. We currently anticipate that animal hospital acquired revenue for 2007 (exclusive of our acquisition of Healthy Pet) will range from $50 million to $55 million.”

05-09-2007

Leave a Comment

Comments

Your email address will not be published.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