Despite growth in enrollment, fewer than 5% of US dogs and cats are insured, while rising veterinary costs are increasingly affecting treatment decisions and access to recommended care.
|Articles|August 20, 2001
VCA to reclaim public trading status
Washington - Veterinary Centers of America Inc., Los Angeles-based operator of 211 animal hospitals nationwide, has filed for the second time with the Securities and Exchange Commission to go public and raise up to $242 million.
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Washington - Veterinary Centers of America Inc., Los Angeles-basedoperator of 211 animal hospitals nationwide, has filed for the second timewith the Securities and Exchange Commission to go public and raise up to$242 million.
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The company was publicly traded from 1991 to September 2000, when itfinalized a recapitalization with an unnamed entity controlled by bankingfirm Leonard Green & Partners.
The money VCA raises will be used to redeem preferred stock and repaydebt.
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