Destination Pet, Backed by LetterOne, Completes Acquisition of VitalPet

Destination Pet, Backed by LetterOne, Completes Acquisition of VitalPet

  • VitalPet is a leading network of high-quality animal hospitals across the US
  • The acquisition significantly expands Destination Pet’s footprint and service platform to advance its integrated approach to delivering superior pet care
  • Destination Pet was acquired by L1 Health in 2019; LetterOne aims to build a global leader in pet health and wellness services and committed up to $450 million of capital to the effort

HIGHLANDS RANCH, Colo.March 30, 2020 /PRNewswire/ — Destination Pet today announced that it has completed the acquisition of VitalPet. Headquartered in Houston, Texas, VitalPet has 24 high-quality veterinary hospitals operating in seven states spanning from Texas to New York and specializes in providing best-in-class veterinary medicine to local communities.

The acquisition of VitalPet expands Destination Pet’s footprint adding an additional 24 veterinary hospitals to its network of superior pet care providers including veterinary medicine, overnight boarding, day care, grooming, and training services.

Integration teams have been engaged since the acquisition announcement, and the integration process is off to a successful start. Approximately 420 employees will be joining Destination Pet when all integration work and transitions are completed over the coming months.

“I’m extremely pleased to welcome our new VitalPet colleagues to the Destination Pet family,” said Shane Kelly, CEO of Destination Pet. “The combined skills and expertise of Destination Pet and VitalPet bring together world-class teams committed to the total health and wellbeing of the pet. We are well positioned to serve our customers across the full continuum of care with a comprehensive offering of high-quality veterinary care and integrated extending services.”

“The acquisition of VitalPet is a significant step in our growth strategy,” said Ivan Zhivago, Partner at L1 Health. “We are committed to investing in the vision of Destination Pet and aim to be a global leader in pet health and wellness services.”