January 9, 2017 Comments Off on Mars Acquiring VCA for $7.7B Views: 325 California, California News, Top California Stories, West

Mars Acquiring VCA for $7.7B

Los Angeles-based VCA Inc., a leading chain of animal hospitals, is being acquired by candy and pet-care giant Mars Inc. for $7.7 billion. VCA operates nearly 800 hospitals and 60 diagnostic labs across the U.S. and Canada. California is its largest market.

VCA successfully consolidated a fragmented veterinary and pet-care industry via acquisitions by combining hospitals, diagnostic labs and veterinarians into a single network.

VCA pans to remain based in LA and continue operating under the VCA name. The company counts roughly 1,400 employees in SoCal and 23,000 overall.

Mars is a century-old company with a major pet-care unit, including pet food brands Pedigree, Whiskas and Sheba, as well as Banfield Pet Hospitals, primarily located in PetSmart Inc. retail locations.

Both companies’ directors approved the deal, but it must also be approved by VCA stockholders. The transaction is expected to be completed in Q3 2017.

Read more at LA Times

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