Veterinary service providers Compassion First and National Veterinary Associates, or NVA, have agreed to divest facilities in three locations to MedVet Associates, LLC, to settle Federal Trade Commission charges that Compassion First’s proposed $5 billion acquisition of NVA would violate federal antitrust law. To remedy the proposed transaction’s anticompetitive effects, the order requires Compassion First and NVA to divest three clinics – NVA’s REACH Specialty Clinic in Asheville, N.C., Compassion First’s Veterinary Care Center in Norwalk, Conn., and Compassion First’s Veterinary Referral Center of Northern Virginia in Manassas, Va. – no later than 10 business days after the acquisition closes. The divestiture buyer, MedVet Associates, LLC, operates specialty and emergency veterinary clinics in other geographic markets and is well positioned to operate the three divested clinics.
Read the full article: FTC Requires Veterinary Service Providers Compassion First and National Veterinary Associates to Divest Assets in Three Local Markets //
Source: https://www.ftc.gov/news-events/press-releases/2020/02/ftc-requires-veterinary-service-providers-compassion-first