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VCA Antech, Inc. (WOOF)

  • Fri, Mar. 20, 11:22 AM
    • VCA's (WOOF +0.7%) laboratory division, Antech Diagnostics, acquires the assets of AVRL (Abaxis Veterinary Reference Laboratory) from Abaxis (ABAX +1.4%) for $21M in cash. Abaxis will take a pre-tax charge of $10M - 12M this quarter for the transaction, expected to close by end of the month.
    • The deal will enable Abaxis to increase its focus on its core products and bolster its co-marketing relationship with Antech Diagnostics. Sales representatives from both firms will continue to work together to market a complete diagnostic solution consisting of Abaxis' point-of-care products and Antech Diagnostics' reference lab services.
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Company Description
VCA Inc provides veterinary services and diagnostic testing to support veterinary care and sells diagnostic imaging equipment and other medical technology products and related services to the veterinary market.
Sector: Services
Country: United States