Acquisition Adds 56 Animal Hospitals to VCA's North American
Network of Animal Hospitals
LOS ANGELES--(BUSINESS WIRE)--
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.
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
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/
Source: VCA Inc.
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