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Pet Health Firm Buys Vet Clinic Operator for $220M

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The deal is expected to close this month.

EAGLE, ID — PetIQ Inc., a pet medication and wellness company, announced that it is acquiring Community Veterinary Clinics LLC d/b/a VIP Petcare, an operator of veterinary clinics within major U.S. retailers.

The transaction, which has been unanimously approved by the PetIQ (Nasdaq: PETQ) board of directors, is expected to close by the end of January, according to a press release.

The deal is valued at about $220 million, including $100 million in cash.

Headquartered in Windsor, CA, VIP runs 2,900 community clinics and wellness centers hosted at local pet retailers across 31 states. Its services include diagnostic tests, vaccinations, prescription medications, microchipping and wellness checks. In 2017, VIP treated more than one million pets through its installed clinics as well as its 76,000 mobile clinics.

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“We look forward to working closely with Will Santana, chief executive officer of VIP, who will be joining the PetIQ Board of Directors as well as our senior management team in connection with the closing of the transaction, and to welcoming the entire VIP team to the PetIQ family,” said Cord Christensen, PetIQ’s chairman and CEO. “We share a mission to make pets’ lives better by educating pet parents on the importance of regular veterinary care and veterinary-recommended pet products. The addition of VIP will give us a national footprint in the veterinarian services segment, and the opportunity to participate in an approximately $21 billion market in the U.S.”

Will Santana, VIP’s CEO, said said PetIQ had become one of the largest customers of his company’s wholesale business. He noted that “the complementary nature of our businesses became incredibly apparent to us over the last several years.”

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State Considers Banning ‘No Pets’ Rental Listings

Some landlords are not happy about the proposed legislation.

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New Hampshire legislators are considering a ban on “no pets” notices in property listings.

Proposed legislation would forbid landlords and home sellers from barring pet owners, the Concord Monitor reports.

They could make rules related to pet deposits, noise control, sanitation and safety, according to the newspaper. But they could set make rules based on size, breed or appearance.

The legislation was proposed by state Rep. Ellen Read, a Democrat from Newmarket. It has drawn opposition from some landords who say it could lead to unsanitary conditions as well as allergy problems for some residents.

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But Julia Seeley, New Hampshire state director for the Humane Society, said her organization supports the bill.

We just strongly believe that a family should not be torn apart simply over housing,” she said.

Read more at the Concord Monitor

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Spotify Rolls Out Music Playlists for Pets

Pets seem to favor classical music and soft rock.

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Digital music service Spotify had a hunch that people were playing tunes for their pets.

A study by the company found that 71% of pet owners did exactly that. The survey included 5,000 music-streaming pet owners from the U.S., the UK, Australia, Spain and Italy.

The company explains:

That being said, we created a unique experience to help you craft the pawfect algorithmically generated playlist for you and your pet to enjoy together. Head to spotify.com/pets for a playlist you can share with your dog, cat, iguana, hamster, or bird.

See the graphic below for more details from the survey.

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These States Have the Most Dog and Cat Owners … And These States Have the Least

The US is home to almost as many domestic pets as humans.

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A new report looks at which U.S. states are the most pet-loving.

Seniorliving.org, a website devoted to providing information to seniors, delved into recent data from the American Veterinary Medical Association to create its rankings.

Idaho had the highest rate of households owning at least one dog, at 58.3%, according to the report, which excluded Alaska and Hawaii, which were not measured in the AVMA study. Dogs are least common in Washington, DC, where 22.5% of households have at least one.

Vermont ranked first for percentage of households with at least one cat, at 44.6%. DC, meanwhile, is the least cat-owning place, with just 16.4% of households being home to a cat.

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The U.S. is home to almost as many domestic pets as human beings. Almost 1 in 3 of those pets are fish, Seniorliving.org explains.

Cats and dogs combine for about 54.8% of all domestic pets.

 

 

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