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Veterinary Centers Of America

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BUSINESS
April 1, 2000 | ANGELA MOORE, REUTERS
Animal hospital network Veterinary Centers of America Inc. said Friday it would go private in a $321-million buyout, the latest in a string of firms looking for more profitable pastures as private companies. Under the terms of the deal, led by Green Equity Investors, the Santa Monica-based company's stockholders would receive $15 in cash for each share owned. The company said the deal should be completed in the third quarter.
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BUSINESS
April 1, 2000 | ANGELA MOORE, REUTERS
Animal hospital network Veterinary Centers of America Inc. said Friday it would go private in a $321-million buyout, the latest in a string of firms looking for more profitable pastures as private companies. Under the terms of the deal, led by Green Equity Investors, the Santa Monica-based company's stockholders would receive $15 in cash for each share owned. The company said the deal should be completed in the third quarter.
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BUSINESS
November 14, 1996 | Times Staff and Wire Reports
Santa Monica-based Veterinary Centers of America Inc. reported third-quarter earnings, which include one-time acquisition charges, of $11.5 million, or 66 cents per share, compared with net income of $1.0 million, or 9 cents, last year. . . .
BUSINESS
November 6, 1996 | Times Staff and Wire Reports
Veterinary Centers of America Inc. said the company, in separate transactions, has acquired four animal hospitals and entered into management service agreements for the nonmedical assets of three others in Texas. The value of the transactions were not disclosed. "The addition of these hospitals clearly illustrates our commitment to expanding VCA's nationwide network of owned and managed animal hospitals," said Bob Antin, chairman and CEO of Santa Monica-based VCA.
BUSINESS
January 5, 1993
Heinz Pet Products and a large veterinary services company said they have formed an alliance to develop, manufacture and market new products and services. Veterinary Centers of America Inc. of Santa Monica will act as a consultant in the joint venture. Heinz said it has completed the purchase of $3 million of convertible preferred stock of Veterinary Centers. The purchase represents about 10% of the company's shares outstanding. The stock does not pay a dividend and does not have voting rights.
BUSINESS
July 23, 1996 | Times Staff and Wire Reports
Veterinary Centers Buys Pet Practice for $92.5 Million: The purchase by the Santa Monica-based company raises the number of animal hospitals that Veterinary Centers of America Inc. owns to 160 in 21 states, making it the largest such chain in the U.S. and the only publicly traded veterinary hospital chain. King of Prussia, Pa.-based Pet Practice Inc. will add 86 veterinary clinics in 11 states to Veterinary Centers' stable and will operate as a subsidiary of the company.
BUSINESS
October 8, 1997 | Bloomberg News
Veterinary Centers of America Inc. will pay as much as $6 million to acquire 25% of Anaheim-based Veterinary Pet Insurance Inc., the largest U.S. pet health insurance company. Under the agreement, Veterinary Centers will receive convertible preferred stock, as well as the choice of buying one common share of the insurance company for each preferred share.
BUSINESS
April 27, 1999
* Trammell Crow Co. acquired the 30-acre former site of the Coast Federal Bank headquarters at 8433 Fallbrook Ave. in West Hills for $23 million from Washington Mutual Bank and plans to renovate the 388,000 square feet of office space at the site, according to Matt Hargrove, Ron Wade and Mike DeSantis of Cushman & Wakefield, who represented Washington Mutual in the transaction. Trammell Crow was represented in-house by Dorcey Abshire, Mark D. Leonard and Mark Ossola.
BUSINESS
July 8, 1998 | Bloomberg News
Santa Monica-based Veterinary Centers of America Inc. agreed to pay an undisclosed sum to settle lawsuits by shareholders who accused it of misleading investors about its prospects while insiders made millions selling their stock. The largest network of free-standing animal hospitals said the settlement of the suits will be covered through insurance or through reserves and won't affect operating results.
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