News

Patterson Companies has entered into a definitive agreement to be acquired by healthcare investment firm Patient Square Capital. Patterson shareholders will receive $31.35 in cash per share, for a transaction value of approximately $4.1 billion. The agreement includes a 40-day “go-shop” period, which permits the Patterson Board and advisors to solicit alternative acquisition proposals. At [...]

While Cherry Tree’s animal hospital index lost about 0.5% in Q3, the broader market was up over 5%. The CAHI now lags the market over its lifetime by 22%. Even though the industry was flat, median growth, margins and multiples were up. M&A and funding activity also continued their upward trends. M&A activity levels this [...]

Phibro Animal Health Corporation announced the successful completion of its acquisition of the medicated feed additive product portfolio and certain water-soluble products from Zoetis Inc. For Year to Date through week ending November 9, 2024, revenue growth is at +3.4% net growth versus YTD 2023 for the ~3,000 reporting practices. Reported YTD revenue growth is [...]

VCreation of a midlevel practitioner role in veterinary medicine for the first time in the United States is all but certain following a “yes” vote in Colorado that could fundamentally reshape the profession in the state and inspire others to follow. Elanco Animal Health reported its fifth consecutive quarter of underlying organic constant currency revenue [...]

Largely in line with expectations, the most recent USDA Cattle on-Feed report estimated Oct. 1 feedlot inventories virtually unchanged from last year. On-feed numbers continue to run very close to 2023 levels even though the cowherd and calf crop are smaller. The combination of high cattle values and lower feed prices continue to encourage longer [...]