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Synopsis
Heska, which manufactures, sells, and markets veterinary diagnostic and specialty products, completed the acquisition of scil animal care business of Covetrus, a global company in animal-health technology and services, for $110m. "The companies that invest in their people and capabilities during difficult times like these will be positioned for above market performance when uncertainty begins to recede. Heska intends to be one of these companies. With today's acquisition, Heska gains phenomenal assets that we very much want to own over the next several quarters and, more to the point, decades. I believe very strongly that this combination will drive significant value creation for all stakeholders," Kevin Wilson, Heska's CEO.
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