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PetIQ acquires VIP Petcare

PetIQ, Inc., PetIQ has acquired Community Veterinary Clinics, better known as VIP Petcare. Their nationwide veterinary clinics and veterinarian services within major U.S. retailers will now operate as a wholly-owned subsidiary of PetIQ.

As part of the transaction, PetIQ paid $100 million in cash, $30 million of promissory notes issued to VIP Petcare Holdings, Inc. (the "Seller") and approximately $90 million in equity interests.

|24 January 2018

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