Porter Hedges Advises Destination Pet in its $47 Million Acquisition of VitalPet
Porter Hedges represented Destination Pet, LLC ("Destination Pet") in its acquisition of Veterinary Care, Inc. (“VitalPet”) under Section 363 of the bankruptcy code. Under the terms of the transaction approved by the Southern District of Texas Bankruptcy Court, Destination Pet will also assume certain liabilities, for a total transaction value of $47 million.
Porter Hedges acted as lead bankruptcy counsel and transactional co-counsel to Destination Pet.
About Destination Pet
Founded in 2017, Destination Pet is a leading pet health care and services company operating in 14 states across the United States. Focused on the complete well-being of the pet, the company takes an integrated approach to delivering high quality pet care and a convenient and streamlined customer experience for pet parents. www.destinationpet.com
For additional information on the transaction, see the Destination Pet press release here.