Connect with us

Headlines

Mars to Pay $9B for a Pet Health Company

mm

Published

on

The firm will operate under Mars Petcare.

Mars Inc. will pay more than $9 billion for VCA Inc., a company that operates animal hospitals, Business Insider reports.

That price includes debt of $1.4 billion. VCA (NASDAQ: WOOF) will become part of Mars Petcare, but it will continue to be run as its own business, according to Business Insider.

Grant Reid, CEO of Mars, was quoted as saying, “VCA is a leader across pet health care and the opportunity we see together — for pets, pet owners, veterinarians and other pet care providers — is tremendous.”

The deal has been unanimously approved by the boards of directors of both companies.

Advertisement

Read more at Business Insider

Advertisement

FEATURED VIDEO

Sponsored by Cogent Solutions Group

Reduce Your Pet’s Hip & Joint Discomfort with the Most Researched Hyaluronan on the Market

Nearly 60% of dogs and 90% of cats suffer from joint discomfort. Trixsyn joint supplement contains a patented and proven hyaluronic acid molecule for maximum efficacy to promote joint, bone, soft tissue, and cartilage health, keeping your pet feeling comfortable, for longer. Trixsyn is veterinarian recommended, safe and all-natural, and contains research-proven ingredients. Get your paws on the most-researched hyaluronic acid on the market. Learn more at Trixsyn.com.

Promoted Headlines

Most Popular