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Heska acquires remaining 45.4% of US unit for $13.8M

Heska Corp. acquired the remaining 45.4% of Heska Imaging US LLC it did not yet own and now fully owns the unit.

The company said it paid the full amount of about $13.8 million to minority holders of Heska Imaging on May 31. Heska used cash on hand and borrowings under its credit facility with Wells Fargo Bank, National Association, for the payment.

Heska Imaging unit holders earlier exercised the put option to sell their minority position in Heska Imaging following the audit of the company's financial statements for 2016.