VCA Antech buys PET DRx for $41.25 million

Article

Los Angeles -- VCA Antech announced June 2 that it would be acquiring animal hospital operator PET DRx for about $41.25 million.

Los Angeles

-- VCA Antech announced June 2 that it will acquire animal hospital operator PET DRx for about $41.25 million.

VCA owns the largest network of freestanding animal hospitals and veterinary laboratories in the United States and also supplies the veterinary profession with diagnostic imaging equipment. PET DRx provides companion-animal primary care and specialized services at its 23 hospitals in California, earning a revenue of about $64 million per year, according to VCA.

The purchase price will include $28.5 million to pay down debt, with a final purchase price of about $.34 to $.36 per common share.

Upon completion of the purchase, VCA says it will operate more than 520 animal hospitals in 40 states.

Newsletter

From exam room tips to practice management insights, get trusted veterinary news delivered straight to your inbox—subscribe to dvm360.

Recent Videos
062018_cyberbullying-220_kjames.png
big-hand-cutting-the-wire-450px-shutterstock-568795309.jpg
Related Content
© 2025 MJH Life Sciences

All rights reserved.