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Report: Veterinary services provider VetCor considering potential $1.5B sale

VetCor Group Holdings Inc. is looking to be sold for as much as $1.5 billion, The Wall Street Journal reported, citing people with knowledge of the matter.

The Hingham, Mass.-based veterinary hospital chain, backed by private equity firms Harvest Partners LP and Cressey & Co., has hired investment bank Jefferies LLC to advise on a potential deal.

The process is in the final stages, and VetCor may agree on a deal as soon as the next several days, the report said. If the deal goes through, it could be one of the biggest private equity exits from a veterinary services provider in the past five years, the Journal said.

VetCor is expected to book about $93 million in adjusted EBITDA for 2018, the report said, citing people familiar with the situation.