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Premier Veterinary Group to Acquire The Animal Healthcare Co
Thursday 13 August 2020

UK-based Premier Veterinary Group plc (LSE: PVG) has entered into a sale and purchase agreement recording the terms of the proposed acquisition of UK-based insurance provider Simplyhealth Group Ltd's The Animal Healthcare Company Ltd pet healthcare plan business for an estimated value of approximately GBP 6.64m (USD 8.66m), the company said.

This value comprises the estimated equity value of a convertible loan at GBP 5.14 m and a loan of GBP 1.5m which will be assumed on completion.

Premier Veterinary Group plc, formerly Ark Therapeutics Group plc, operates various veterinary practices and provides non-medical services to other veterinary practices.

The company operates through segments, including Vets Business, Pet Care Plan and Pet Care Plan overseas.

Simplyhealth Group Ltd. provides insurance services. The Company offers health cash plan, dental plan, and private health plan products for individuals and businesses. Simplyhealth Group provides its services throughout United Kingdom.
Date Published: 13/08/2020