Piper Jaffray Comments On VCA Antech Acquisition

According to Piper Jaffray, VCA Antech WOOF announced the acquisition of MediMedia Animal Health, also known as Vetstreet, the nation's largest provider of online veterinary services. Piper Jaffray said that, in addition, WOOF announced the acquisition of BrightHeart Veterinary Centers, a chain of nine animal hospitals primarily focused on emergency and specialty medicine. “We are encouraged by both of these announcements and believe Vetstreet could be a good strategic fit for VCA as it helps diversify and strengthen the Company's foothold in the industry, as well as provide potential cross-selling opportunities and other synergies between WOOF's current animal health business and the e-commerce solutions offered by Vetstreet.” VCA Antech closed on Friday at $21.60.