Target·RCM

Covetrus

Portland, Maine, United Statescovetrus.com1expert edge

Covetrus is a global animal-health technology and services company serving roughly 100,000 veterinary practices across ~25 countries, combining distribution of consumables and pharmaceuticals with prescription management and practice-management software (including its Pulse veterinary operating system). It was taken private in October 2022 by Clayton, Dubilier & Rice and TPG at an approximately $4B enterprise value.

Why interesting to a deal team

Sachdev led CD&R's $4B take-private and sits on the board, giving direct access to Covetrus's operating playbook, management bench and eventual exit process. Live precedent for tech-enabled healthcare roll-ups and for vet-services consolidation economics.

Experts connected to this company

Ravi SachdevLed CD&R's $4B take-private; board member

Ravi Sachdev

Partner

Clayton, Dubilier & Rice

Fund GPNew York

CD&R's healthcare deal lead and co-architect of the $8.9B R1 RCM take-private — the single most consequential GP in healthcare RCM private equity today.

Sources

No name matchPrimary
covetrus.com/about
Page titleOther
en.wikipedia.org/wiki/Covetrus
No name matchPrimary
covetrus.com

Strongest evidencePage title3 public sourcesHow the grades work