Monday, January 16, 2017

Mars Petcare To Acquire VCA Animal Hospitals

Mars Petcare has announced plans to acquire VCA.
 dadoodas - Fotolia.com
While you and I have been scarfing down M&Ms and Skittles, Mars Incorporated has been indulging its own appetite, but not for chocolate.

Best known as the maker of M&Ms, Skittles and other candy brands, the company recently announced it will acquire VCA, Inc. (Veterinary Centers of America) for $93 a share, or about $9.1 billion, including $1.4 billion in debt.

VCA owns nearly 800 vet clinics and veterinary specialty hospitals, along with ANTECH Diagnostics; the veterinary imaging company, Sound Technologies; and Camp Bow Wow, a dog daycare and boarding franchise.