|Henry Schein and Vets First Choice Announce New Name of the Planned New Company: Covetrus|
New Executive Leadership Team Announced For Covetrus To Advance the World of Veterinary Medicine
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The transaction is expected to be completed in the first quarter of 2019.
The new company, Covetrus, will be a global, technology-enabled animal health business supporting the companion, equine and large-animal veterinary markets. Covetrus will combine leading practice management software, prescription management, multi-channel client engagement services, and supply chain infrastructure to promote connectivity between veterinarians and their clients.
Covetrus will employ more than 5,000 team members across approximately
25 countries, delivering integrated solutions to help veterinary
practices to improve the economics and workflow of their businesses and
enhance the client experience. The business will have approximately
100,000 customers across major geographic regions, including
Covetrus reflects the company’s deep partnership with the veterinary community and its efforts to “Advance the World of Veterinary Medicine.” “Co-” highlights working together as partners, anchored by “vet” at the center of what the company will do, and “-us” reinforces the notion of a team of professionals who will serve as an extension of the veterinary practice.
“It was important to create a new brand and new name that demonstrates
our long-term commitment for veterinary practice customers to always be
at the center of our business. We are committed ‘To Advancing the World
of Veterinary Medicine’ by empowering our customers with compelling new
capabilities and services to drive new health and financial outcomes to
ensure their continued success,” said
The two companies also announced today the proposed executive leadership team of Covetrus.
As previously announced,
“This is an impressive and talented leadership team, and we are honored to lead this soon-to-be new independent organization,” said Shaw. “This executive team will ensure strong continuity of leadership across all lines of business and geography and includes new talent to facilitate a smooth transition into an independent public company. Importantly, our team is committed to meeting and exceeding the expectations of our customers.”
Additional Information and Where to Find It
About Henry Schein
A Fortune 500® Company and a member of the S&P 500® and the Nasdaq 100® indexes, Henry Schein's network of trusted advisors provides health care professionals with the valued solutions they need to improve operational success and clinical outcomes. The Company offers customers exclusive, innovative products and solutions, including practice management software, e-commerce solutions, specialty and surgical products, as well as a broad range of financial services. Henry Schein operates through a centralized and automated distribution network, with a selection of more than 120,000 branded products and Henry Schein private-brand products in stock, as well as more than 180,000 additional products available as special-order items.
Headquartered in Melville, N.Y., Henry Schein has operations or
affiliates in 34 countries. The Company's sales reached a record
About Vets First Choice
Ann Marie Gothard