PetIQ, Inc., PetIQ has acquired Community Veterinary Clinics, better known as VIP Petcare. Their nationwide veterinary clinics and veterinarian services within major U.S. retailers will now operate as a wholly-owned subsidiary of PetIQ.
As part of the transaction, PetIQ paid $100 million in cash, $30 million of promissory notes issued to VIP Petcare Holdings, Inc. (the "Seller") and approximately $90 million in equity interests.
