Covetrus

In 2006, Henry Schein acquired NLS Animal Health, a privately held veterinary distribution business.{{Cite web|url=https://www.dvm360.com/view/communication-pearls-for-dogs-with-disabilities|title=Communication pearls for dogs with disabilities|website=DVM 360|date=26 October 2021 |access-date=1 December 2022}}

In 2009, Henry Schein and Butler Animal Health Supply launched a joint venture Butler Schein Animal Health creating the largest veterinary sales and distribution company in the United States.{{Cite web|url=https://www.sec.gov/Archives/edgar/data/1000228/000119312512002973/d277716dex991.htm|title=Press Release|website=www.sec.gov|accessdate=1 December 2022}}

In 2012, Henry Schein acquired Netherlands-based AUV Veterinary Services for approximately $40 million.{{Cite web|url=http://finance.yahoo.com/news/henry-schein-completes-auv-acquisition-194517436.html|title=Henry Schein Completes AUV Acquisition|website=finance.yahoo.com|accessdate=1 December 2022}}{{Cite web|url=https://www.veterinarypracticenews.com/henry-schein-to-purchase-european-veterinary-wholesaler/|title = Henry Schein to Purchase European Veterinary Wholesaler|date = 11 April 2012}}

In 2013, Butler Schein Animal Health was rebranded as Henry Schein Animal Health.{{Cite web|url=https://www.veterinarypracticenews.com/butler-schein-animal-health-becomes-henry-schein-animal-health/|title=Butler Schein Animal Health Becomes Henry Schein Animal Health|date=19 March 2013}}{{Cite web|url=https://investor.henryschein.com/news-releases/news-release-details/butler-schein-animal-health-become-henry-schein-animal-health|title=Butler Schein Animal Health to Become Henry Schein Animal Health | Henry Schein}}

In 2015, Scil Animal Care merged with Henry Schein Animal Health.{{Cite web|url=https://www.veterinarypracticenews.com/henry-schein-to-purchase-scil-animal-care/|title=Henry Schein to Purchase Scil Animal Care|date=22 January 2015}}{{Cite web|url=https://www.newsday.com/business/henry-schein-boosts-animal-health-business-with-german-deal-s00877|title=Henry Schein boosts animal health business with German deal|website=Newsday|date=20 January 2015 |accessdate=26 March 2023}}

In 2016, Henry Schein acquired RxWorks, a provider of veterinary practice management software.{{Cite web |date=2016-01-12 |title=Henry Schein to Acquire RxWorks |url=https://www.acquisition-international.com/2016-henry-schein-to-acquire-rxworks/ |access-date=2022-05-26 |website=Acquisition International |language=en-GB}}{{Cite web |title=Henry Schein Completes Acquisition of RxWorks |url=https://news.thomasnet.com/companystory/henry-schein-completes-acquisition-of-rxworks-30008760 |access-date=2022-05-26 |website=news.thomasnet.com}}

In 2019, Henry Schein announced the spin-off of its animal health business. The spin-off was merged with Portland, Maine-based Vets First Choice and was called Covetrus.{{Cite web|url=https://www.cnbc.com/2018/04/23/henry-schein-to-spin-off-animal-health-merge-it-with-vets-first-choice.html|title = Henry Schein to spin off, merge its animal health business with start-up|website = CNBC|date = 23 April 2018}} The company became listed on the Nasdaq with Henry Schein shareholders owning about 63% of the company, and Vet First Choice shareholders owning about 37% of it.{{Cite web|url=https://todaysveterinarybusiness.com/covetrus-answers-bell-as-new-public-company/|title=Covetrus answers bell as new public company|date=9 February 2019}}

In 2021, online pet product retailer Chewy Inc. filed a lawsuit against Covetrus for allegedly illegally diverting potential purchases of pet medication and food away from Chewy and into sales for Covetrus.{{Cite web|url=https://www.mainebiz.biz/article/e-tailer-chewy-sues-covetrus-results-may-change-how-you-get-rx-for-rex-food-for-fido|title=E-tailer Chewy sues Covetrus; results may change how you get Rx for Rex, food for Fido | Mainebiz.biz|accessdate=1 December 2022}}

On May 25, 2022, it was announced that Clayton, Dubilier & Rice and TPG Inc. would acquire the company for $4 billion.{{Cite web |last=Escobar |first=Sabrina |title=Covetrus to Be Taken Private for $4 Billion |url=https://www.barrons.com/articles/covetrus-cvet-being-acquired-51653482654 |access-date=2022-05-26 |website=www.barrons.com |language=en-US}}{{Cite web |last=Singh |first=Vandana |title=CD&R, TPG Take Covetrus Private In $4B Deal |url=https://www.benzinga.com/m-a/22/05/27392991/cd-r-tpg-take-covetrus-private-in-4b-deal |access-date=2022-05-26 |website=Benzinga |language=English}} The acquisition was finalized in October, 2022.{{Cite news|url=https://www.businesswire.com/news/home/20221013005626/en/Clayton-Dubilier-Rice-and-TPG-Complete-Acquisition-of-Covetrus/|title= Clayton, Dubilier & Rice and TPG Complete Acquisition of Covetrus|work=Business Wire|access-date=2022-12-08|language=en-US}}

Covetrus engages in the sale of animal health consumable goods to wholesale and retail customers.{{Cite web|url=https://de.finance.yahoo.com/quote/CVET/profile/|title=Covetrus, Inc. (CVET) Firmenprofil und Fakten – Yahoo Finanzen}} Its products include supply chain services, software, and prescription management.{{Cite web|url=https://www.reuters.com/companies/CVET.O|title = CVET.O - Covetrus Inc Profile | Reuters|website = Reuters}} The company's software services business develops and provides veterinary practices with veterinary software systems including practice management software, data-driven applicants, and client communications tools. The company operates primarily in North America, Europe, and Asia-Pacific. 100,000 veterinary practices are served by Covetrus globally.

{{Reflist}}

• {{official|https://www.covetrus.com}}

{{Authority control}}

Category:Health care companies based in Maine

Category:Veterinary medicine companies

Category:Companies listed on the Nasdaq

Category:American companies established in 2019

Category:Corporate spin-offs

Category:Veterinary medicine in the United States

Category:2022 mergers and acquisitions