Press Release

Morgan Lewis Advises Covetrus on Sale of Animal Care Business

16 января 2020 г.

FRANKFURT and BOSTON, January 16, 2020: Morgan Lewis has advised Covetrus in relation to the negotiation of a definitive agreement for the sale of its scil animal care business to Heska Corporation for a purchase price of $125 million, subject to customary adjustments. The transaction is expected to close in the next 60 to 90 days, subject to customary closing conditions.

Covetrus is a global animal-health technology and services company working with veterinary practitioners. Heska is a provider of veterinary diagnostic and specialty products. 

The sale agreement also includes a commercial relationship between Covetrus and Heska concerning ongoing logistics support for Heska’s diagnostic products as well as connectivity between the Covetrus Global Technology Solutions practice information management software systems and Heska’s laboratory and imaging solutions.

Morgan Lewis partners Ulrich Korth in Frankfurt and Mark Stein in Boston led the cross border team advising Covetrus, which included partners Michael Masling and Joerg Siegels in Frankfurt and Dan Nelson in Boston.

Read Covetrus’s announcement.