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UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date of
Report (Date of Earliest Event Reported): November 2, 2015
VCA
INC.
(Exact
Name of Registrant as Specified in its Charter)
Delaware |
001-16783 |
95-4097995 |
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
12401 West Olympic Boulevard |
(Address of Principal Executive Offices, Zip Code) |
(310) 571-6500
(Registrant’s Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01 Other Events.
On November 2, 2015, VCA Inc., issued a press release announcing that it will sell a majority stake in Vetstreet, Inc. to Henry Schein, Inc. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release, of VCA Inc., dated November 2, 2015
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
November 2, 2015 |
VCA INC. |
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/s/ Tomas W. Fuller |
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By: |
Tomas W. Fuller |
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Its: |
Chief Financial Officer |
Exhibit Index
Exhibit | |
No. | Description |
99.1 | Press Release of VCA Inc., dated November 2, 2015 |
Exhibit 99.1
VCA to Sell a Majority Interest in Vetstreet to Henry Schein
LOS ANGELES--(BUSINESS WIRE)--November 2, 2015--VCA Inc. (NASDAQ: WOOF), a leading national healthcare company in the United States and Canada, today announced that Henry Schein, Inc. (NASDAQ: HSIC), the world’s largest provider of health care products and services to office-based dental, animal health and medical practitioners, will acquire a majority interest in VCA’s subsidiary Vetstreet, Inc., a leading software as a service (SaaS) provider of marketing solutions and health information analytics to veterinary practices and animal health product manufacturers.
Following the closing of the transaction Henry Schein Animal Health, the U.S. animal health business of Henry Schein, Inc., will own 80.1 percent of Vetstreet, with the remaining interest owned by VCA. Financial details and terms of the transaction were not disclosed.
Bob Antin, Chairman and CEO, VCA Inc., stated, “We are pleased that through this partnership with Henry Schein, Vetstreet will gain added support to grow its products and services and help veterinarians better connect with their pet owner clients. Vetstreet’s services create a continuity of communication with pet owners that builds customer loyalty and improves care through compliance. Strengthening the bonds between veterinarians and their clients has always been a primary goal of VCA. Vetstreet will greatly benefit from Henry Schein’s understanding of the marketing and communication needs of veterinarians and their clients, while allowing VCA to focus on our core competencies in veterinary hospitals, clinical laboratories, diagnostic imaging technology, and related services in the veterinary industry.”
The transaction is expected to close in the first quarter of 2016 and VCA anticipates that it will record a gain of $30 million to $35 million, subject to transaction costs. In addition, by reinvesting the proceeds of the sale in animal hospital acquisitions and share repurchases, the impact of this divestiture is expected to have an immaterial impact upon the Company’s 2016 operating results.
About VCA Inc.
VCA owns, operates and manages the largest
network of freestanding veterinary hospitals and veterinary-exclusive
clinical laboratories in the country. Additionally, VCA provides online
communication, professional education and marketing solutions, as well
as diagnostic imaging equipment to the veterinary community. For further
information about VCA, visit www.vca.com.
CONTACT:
VCA Inc.
Tomas Fuller, Chief Financial Officer
310-571-6505