Covetrus, Inc.
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Covetrus, Inc. - overview
Established
2010
Location
Portland, ME, US
Primary Industry
Healthcare IT
About
Covetrus, Inc. is a technology-enabled practice improvement company that provides innovative solutions to enhance veterinary practice efficiency and operational effectiveness. Founded in 2010 and headquartered in Portland, US, Covetrus, Inc. focuses on streamlining workflows for veterinary practices.
The company underwent a Public to Private Secondary Buyout, raising USD 4,000 mn in its latest funding round led by Clayton Dubilier & Rice and TPG. Covetrus has successfully completed 10 deals to date. The current CEO is Benjamin Shaw, who has a history of leadership in veterinary-related businesses. Covetrus designs technology solutions for veterinary practices.
Their products include Covetrus Pulse®, a practice management tool, and Covetrus VetSuite®, the largest practice improvement network. These offerings enable veterinarians in North America and Europe to manage operations efficiently and improve patient care through integrated tools and resources.
Current Investors
Clayton Dubilier & Rice, TPG, Wellington Partners
Primary Industry
Healthcare IT
Sub Industries
Healthcare IT, Healthcare Specialists, Medical Equipment Distributors, Web Applications, Medical Software
Website
www.covetrus.com
Verticals
HealthTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Covetrus, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Announced | Covetrus, Inc. | - | ||||||||
| Public to Private, Secondary Buyout | Completed | Covetrus, Inc. | - | ||||||||
| Trade Sale | Completed | Eaton Veterinary Pharmaceutical, Inc. | - |
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