Henry Schein To Acquire Majority Interest In Vetstreet - Quick Facts

(RTTNews) - Henry Schein, Inc. (HSIC) announced it will acquire a majority interest in Vetstreet, Inc., a leading software as a service (SaaS) provider of marketing solutions and health information analytics to veterinary practices and animal health product manufacturers. Upon the closing of the deal, Henry Schein Animal Health, the U.S. animal health business of Henry Schein, Inc., will own 80.1 percent of Vetstreet, and the remaining minority interest will continue to be owned by VCA Inc. (WOOF).

Headquartered in Yardley, PA., Vetstreet offers veterinary practices a fully integrated suite of online and offline products and services that improve veterinary practices' ability to communicate with pet owners for all of their pet needs and address the lack of compliance with wellness visits.

Vetstreet had sales in 2014 of approximately $43 million. Henry Schein expects the acquisition to be neutral to its 2016 earnings per share and $0.01- $0.02 accretive thereafter.