VCA Antech to Acquire Canadian Hospital Chain for $76 MillionVCA Antech to Acquire Canadian Hospital Chain for $76 Million, veterinary, animal hospitalsVCA Antech Inc. will purchase Canadian animal hospital operator Associate Veterinary Clinics Ltd. for CDN $77 million (about U.S. $75.5 million).VCA Antech Inc. will purchase Canadian animal hospital operator Associate Veterinary Clinics Ltd. for about U.S. $75.5 million, VCA reported today.newslineVCA Antech to Acquire Canadian Hospital Chain for $76 MillionPosted: Jan. 11, 2012, 2:15 p.m. EST VCA Antech Inc. will purchase Canadian animal hospital operator Associate Veterinary Clinics Ltd. for CDN $77 million (about U.S. $75.5 million), VCA reported today. Los Angeles-based VCA made an initial investment in Associate Veterinary Clinics in January 2008 and will complete its purchase of the company at the end of the month. The acquired company and its network of 44 animal hospitals in British Columbia, Alberta and Ontario, will operate as VCA’s Canadian business unit, giving the companies a combined North American network of 585 animal hospitals across 41 U.S. states and three Canadian provinces. Associate Veterinary Clinics, formed in 1981, has pro forma annual revenue of about CDN $95 million (about U.S. $93.2 million). VCA plans to make additional investments in Associate Veterinary Clinics to facilitate continued expansion in the Canadian market, according to VCA chairman and CEO Bob Antin, and the AVC management team will “continue to provide leadership and maximize growth” from the company’s corporate headquarters in Calgary, Alberta. The merger will allow VCA’s professionals and clients to benefit from programs developed by each of the companies, Antin said, particularly in the areas of training, development and continuing education. <HOME>http://www.veterinarypracticenews.com/images/vpn-tab-image/BusinessDeal250.jpg1/11/2012 11:27 AM
