On the Record · Covetrus

Covetrus acquisitions, on the record

The businesses Covetrus bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
scil animal-care business ("scil") to Heska Corporation Word for word“In January 2020, we entered into (i) a definitive agreement to sell our scil animal-care business (“scil”) to Heska Corporation, and (ii) an agreement to combine our subsidiary operating in Spain and Portugal with Distrivet S.A.” 10-K for 2019	agreed divestiture	In January 2020	—
Vets First Choice Word for word“Concurrent with the Distribution, we paid a cash dividend of $1.2 billion from loan proceeds from our newly established credit facility (see Note 8 - Debt).” 10-K for 2019	agreed acquisition	—	—
Veterinary Study Groups, Inc. Word for word“On October 7, 2020, we acquired an 80 % interest in Veterinary Study Groups, Inc., which manages a family of more than 50 Veterinary Management Groups in the United States and Canada.” 10-K for 2020	acquisition	October 7, 2020	—
scil animal-care business Word for word“On April 1, 2020, we completed the divestiture of our scil animal-care business (“scil”) to Heska Corporation for $ 110 million pursuant to an amended purchase agreement.” 10-K for 2020	divestiture	April 1, 2020	$ 110 million
VCP and AppointMaster Word for word“During the year ended December 31, 2021, we completed acquisitions of VCP, a leading platform in veterinary wellness plan administration, and AppointMaster, a provider of integrated communications solutions for veterinary practices, for an aggregate purchase price of $85 million.” 10-K for 2021	acquisition	During the year ended December 31, 2021	$85 million
scil Word for word“In April 2020, we completed the divestiture of our scil business to Heska for approximately $100 million, net of deal-related fees and other transaction items.” 10-K for 2021	divestiture	April 2020	approximately $100 million
Distrivet Word for word“In April 2020, we completed the previously announced combination of our subsidiary, SAHS, with Distrivet.” 10-K for 2021	merger	April 2020	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash received from selling businesses	Goodwill from acquisitions
2018-12-29	$0	$3 million
2019-12-31	$0	$1.35 billion
2020-12-31	$103 million	$33 million
2021-12-31	$0	$60 million

Deal filings since 2016

2022-10-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-10-13 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2022-05-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-05-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-05-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-05-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-02-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-02-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets

Read from Covetrus’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2022-02-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.