A Brief History of Covetrus, Inc. (CVET)

Covetrus, Inc. is a global animal health technology and services company that was formed through the merger of Henry Schein Animal Health and Vets First Choice in 2019. The company is headquartered in Portland, Maine, and provides a wide range of products, software, and services to veterinary practices around the world.

Henry Schein Animal Health was originally founded in 1957 as Butler Schein Animal Health, a division of Henry Schein, Inc. Over the years, the company grew to become one of the leading animal health distributors in the United States, offering a comprehensive selection of products and services to veterinary professionals.

Vets First Choice was founded in 2010 with the goal of improving the quality of care in veterinary practices through the use of technology and data analytics. The company developed an online platform that allowed veterinarians to easily prescribe medications, diets, and other products to their clients, as well as manage their inventory and communication with pet owners.

The merger of Henry Schein Animal Health and Vets First Choice in 2019 created Covetrus, Inc., a company that combined the distribution capabilities of Henry Schein with the technology and software expertise of Vets First Choice. This merger allowed Covetrus to offer a comprehensive suite of products and services to veterinary practices, including practice management software, diagnostic equipment, pharmaceuticals, and e-commerce solutions.

Today, Covetrus serves over 100,000 veterinary practices worldwide and continues to innovate in the animal health industry through its commitment to technology, data analytics, and customer service.

Who Owns Covetrus, Inc. (CVET)

Covetrus, Inc. (CVET) is a company that operates within the animal health industry, specifically providing technology and services to veterinary practices. As of the latest available information, the ownership of Covetrus, Inc. is as follows:

• Institutional Investors: Institutional investors own a significant portion of Covetrus, Inc. These investors include large financial entities such as mutual funds, pension funds, and other investment firms.
• Insiders: Insiders of the company, such as executives, directors, and employees, also own a portion of Covetrus, Inc. These individuals may have acquired shares through various means, including stock options or purchase on the open market.
• Retail Investors: Retail investors, which include individual investors like you and me, also own shares of Covetrus, Inc. These investors may have purchased shares through brokerage accounts or other investment platforms.

Overall, the ownership of Covetrus, Inc. is made up of a combination of institutional investors, insiders, and retail investors. This diversification of ownership helps to distribute the control and risk associated with the company across various stakeholders.

Covetrus, Inc. (CVET) Mission Statement

Covetrus, Inc. is a global animal health company dedicated to empowering veterinary practices to drive improved patient health and practice success. Our mission is to advance the world of veterinary medicine by creating innovative solutions and services that improve the overall health and well-being of animals while supporting the success of veterinary professionals around the world.

At Covetrus, we value collaboration, innovation, and excellence in everything we do. Our commitment to integrity and transparency guides our decisions and actions, ensuring that we always put the well-being of animals and the success of veterinary practices at the forefront of our business.

• Empower veterinary practices to provide the highest level of care for animals
• Drive innovation in veterinary medicine through cutting-edge solutions
• Support the success and growth of veterinary professionals worldwide
• Promote integrity, transparency, and excellence in all aspects of our business

How Covetrus, Inc. (CVET) Works

Covetrus, Inc. is a global animal health technology and services company that provides a wide range of products and services to veterinary practices, animal health manufacturers, and pet owners. The company operates through three main segments: North America, Europe, and APAC (Asia-Pacific).

Covetrus works by offering a comprehensive suite of software solutions, practice management systems, and veterinary pharmacy services to help veterinary practices streamline their operations and improve patient care. The company also provides online pharmacy services for pet owners, allowing them to conveniently purchase medications and pet care products for their furry friends.

Here are some key aspects of how Covetrus, Inc. works:

• Software Solutions: Covetrus offers practice management software that helps veterinary practices manage appointments, medical records, billing, and more. These software solutions are designed to improve efficiency and enhance the overall client experience.
• Veterinary Pharmacy Services: Covetrus operates one of the largest veterinary pharmacy networks in the world, providing essential medications and supplies to veterinary practices. The company's online pharmacy platform also allows pet owners to purchase prescription medications and pet care products.
• Distribution Services: Covetrus distributes a wide range of animal health products, including pharmaceuticals, vaccines, and medical supplies, to veterinary practices and animal health manufacturers. The company's distribution network ensures timely delivery of essential products to support patient care.

How Covetrus, Inc. (CVET) Makes Money

Covetrus, Inc. is a global animal health technology and services company that provides a wide range of products and services to veterinary practices and animal health professionals. The company generates revenue through various income streams, including:

• Sales of products: Covetrus sells a wide range of animal health products, including pharmaceuticals, vaccines, diagnostics, and surgical instruments. These products are sold to veterinary practices, animal hospitals, and other animal health professionals.
• Technology solutions: Covetrus offers technology solutions such as practice management software, inventory management tools, and online pharmacy services. These solutions help veterinary practices streamline their operations and improve efficiency.
• Supply chain services: Covetrus provides supply chain services to help veterinary practices manage their inventory and procurement processes. This includes warehousing, distribution, and logistics services.
• Financial services: Covetrus offers financial services, such as credit and lending solutions, to help veterinary practices manage their cash flow and financing needs.
• Online pharmacy services: Covetrus operates online pharmacy platforms that allow veterinary practices to sell prescription medications and other products directly to pet owners. These platforms generate revenue through product sales and service fees.