XML 31 R21.htm IDEA: XBRL DOCUMENT v3.4.0.3
Subsequent Events
3 Months Ended
Mar. 31, 2016
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

Purchase of Majority Interest in CAPNA

On May 2, 2016, we acquired an 80% ownership interest in Companion Animal Practices, North America (CAPNA) for approximately $344 million. CAPNA, founded in 2010, is located in Las Vegas, Nevada and operates a network of 56 free standing animal hospitals in 18 states.

During April 2016, we borrowed $345 million from our revolving credit facility to fund the CAPNA acquisition.