New Owner for Best Friends
Webster Capital, a private equity partnership whose investments include healthcare services will give Best Friends Pet Care a new home. Brynwood Partners, the seller, will maintain a minority stake in the business.
Ensuring Healthy and Happy Friends
Other 2013 sector acquisitions: Perrigo, entered the animal health market with its October, 2012 acquisition of Sergeant's Pet Care Products Inc., maker of flea and tick medicines. Complementing Sergeant’s is the 2013 planned acquisition of Velcera Inc., another maker of flea and tick medicines sold over the counter. >>Read more
Acquisition of Teva Pharmaceutical Industries (Shawnee, KS) in early 2013 strengthened German-based BayerDVMHealthCare’s leadership in the companion animal and food animal health industry. Dermatology products and nutraceuticals encompassing joint and gastro-intestinal products for companion animals is part of the acquired product portfolio. >>Read more
Heska, a provider of veterinary diagnostic and specialty products acquired roughly 55% of Cuattro Veterinary USA, LLC. According to Robert Grieve, Heska CEO,
“Digital imaging and the long-term archival of imaging studies in cloud-based data centers is one of the fastest growing segments in veterinary medicine.”
Cuattro Vet fills this niche with best-in-breed digital radiography, cloud-based PACS, ultrasound and imaging services suite in veterinary medicine. With Heska’s established and extensive sales network, exposure and placement of the Cuattro Vet systems is greatly enhanced as is revenue and growth potential for Heska. >>Read more