VCA Inc. Announces Closing of Acquisition of Majority Interest in Companion Animal Practices, North America
May 02 2016 - 7:16PM
Business Wire
Acquisition Adds 56 Animal Hospitals to
VCA’s North American Network of Animal Hospitals
VCA Inc. (NASDAQ Global Select Market: WOOF), a leading animal
healthcare company in the United States and Canada, announced today
the closing of its previously announced acquisition of an 80%
ownership interest in Companion Animal Practices, North America
(CAPNA). CAPNA, located in Las Vegas, Nevada operates a network of
56 free standing animal hospitals. VCA previously announced an
agreement to acquire a majority interest in CAPNA on February 29,
2016.
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Bob Antin, Chairman and Chief Executive Officer of VCA, stated,
“We are pleased to have completed the acquisition of a majority
interest in CAPNA and very excited to welcome CAPNA’s 56 hospitals
and its 2000+ dedicated employees to the VCA family. With the
addition of CAPNA’s network of hospitals, VCA now owns, operates or
manages 762 animal hospitals throughout the United States and
Canada.”
RBC Capital Markets, LLC served as the exclusive financial
advisor to CAPNA. Akin Gump Strauss Hauer & Feld served as
legal counsel to VCA Inc. and Gibson Dun represented CAPNA in the
transaction.
About CAPNA
CAPNA is a national group of high quality companion animal
practice owners that believe that the improved practice of medicine
and surgery is the key to success in veterinary medicine. Founded
in 2010 with the merger of 17 hospitals in 10 states, CAPNA has
grown to 56 hospitals operating in 18 states. For more information
on CAPNA, visit its website at www.capna.biz.
About VCA Inc.
VCA is a leading animal healthcare company with operations in
the United States and Canada. Through VCA Animal Hospitals, VCA
owns, operates and manages the largest network of free-standing
veterinary hospitals in the United States and Canada, while its
Antech Diagnostics division operates the preeminent network of
veterinary exclusive clinical laboratories in North America. VCA
also supplies diagnostic imaging equipment to the veterinary
industry through its Sound™ division, and through Camp Bow Wow
franchises a premier provider of pet services including dog day
care, overnight boarding, grooming, and other ancillary services at
specially designed pet care facilities. For further information on
VCA and its various businesses, visit its website at
www.vca.com.
Source: VCA Inc.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160502006389/en/
For CAPNA:Dennis Law801.631.5844dlaw@capna.bizorFor VCA:Tom
Fuller310.571.6505tom.fuller@vca.com
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