Fountain Report Excerpts
See below for curated highlights from the most recent additions to the Fountain Report.
The Fountain Report is a weekly subscription service provided by Antelligence. Its comprehensive in-depth news and quantitative data have been guiding decision making for executives in the business of animal health since 2002.
Click HERE to subscribe to the full Fountain Report content.
Millennials and Generation Z could push the $115 billion pet industry to $300 billion by 2030, making this cohort of pet owners crucial for industry members to watch. But two issues could dampen their enthusiasm to keep spending on pets: shortages of veterinary professionals and shortages of dogs. To ensure pet owners have ready access to [...]
Elanco reported third quarter revenue of $1 billion, down 9% from last year. Net loss was $49 million compared to a loss of $104 million last year. Loss per share was 10 cents compared to a loss of 21 cents per share last year. Pet health revenue of $471 million was down 11%. Farm animal [...]
AmeriVet Veterinary Partners has acquired 14 new practices from Northeast Veterinary Partners in a buyout, the first time AmeriVet has purchased another veterinary consolidator. This transaction brings the company’s total number of clinics to 186, with new additions in New Hampshire, Massachusetts, Vermont, Maine and California. AmeriVet expects to have more than 200 veterinary practices [...]
Merck reported third quarter sales of $15 billion, up 14% from last year. Net income of $3.2 billion and earnings per share of $1.28 were down 29%. Sales in the first nine months were $45 billion, up 29%. Net income of $11.5 billion ($4.55 per share) was up 24%. “Our third quarter results demonstrate exceptional [...]
Registration is open for the next Foundations Training Program, scheduled for Wednesday, November 16. Foundations, from Fountain Report publisher Antelligence, is ideally suited for professionals who have worked in the animal health industry two years or less and for others who could use a more comprehensive understanding of the industry. Past attendees are welcome to [...]