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Announced

Completed

Covetrus completed the acquisition of VCP.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

veterinary care

Acquisition

Private

wellness plan administration

Health Care Services

Friendly

Domestic

Single Bidder

United States

Completed

Synopsis

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Covetrus, a provider of animal-health technology and services, completed the acquisition of VCP, a platform in veterinary wellness plan administration. Financial terms were not disclosed. "Modern pet parents are serious about wellness, and that means delivering the right medicine, services and products at the right price and the right time. Covetrus is strategically positioned to help veterinarians deliver proactive and holistic healthcare via membership programs with a seamless integration into our leading practice management and prescription management solutions. By adding VCP’s technology to our software portfolio, we’re making wellness truly accessible for both practices and pet parents, which is key to helping veterinarians strengthen their relationships with their clients, improve clinical quality and extend affordable care," Ben Wolin, Covetrus President and CEO.

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