Today's Veterinary Business

FEB 2019

Today’s Veterinary Business provides information and resources designed to help veterinarians and office management improve the financial performance of their practices, allowing them to increase the level of patient care and client service.

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Page 7 of 71

4 Today's Veterinary Business News Briefs News Briefs Higher suicide rates found A study conducted by the Centers for Disease Control and Prevention found that suicide rates for U.S. veterinarians are much higher than those of the general population. The study examined 36 years of death records covering 11,620 veterinari- ans to conclude that female veter- inarians were 3.5 times and male veterinarians 2.1 times as likely to die from suicide. More information is available at Trupanion OKs newborns Trupanion pet insurance eliminated minimum-age restrictions. "By offer- ing pet owners the option to enroll their pets from day one, puppies and kittens will have coverage with as few pre-existing conditions as possible," the company stated. Idexx issues test, software Idexx Laboratories introduced a new canine progesterone test for the Catalyst Dx and Catalyst One chemistry analyzers. The company also updated the SediVue Dx Urine Sediment Analyzer with the Neural Network 4.0 software release. New from Nutramax Nutramax Laboratories Veterinary Sciences announced the nationwide launch of Imuquin, an immune health supplement, and Mycequin, a targeted probiotic. Both were in lim- ited distribution since August 2018. PupPod finds investors Smart toy maker PupPod closed a seed investment round led by Roger Mugford, founder of The Company of Animals. The $772,000 raised is ex- pected to fund PupPod's next-gen- eration canine enrichment products. GVL gets a makeover Animal health software developer Global VetLink redesigned its logo and unveiled a new website at Kindred is 'Best Company' Animal health publisher Animal Pharm chose Kindred Biosciences as Best Company in North America. Kindred makes the feline weight- loss medication Mirataz and has more than 20 drugs in develop- ment. Among other awards high- lighted at was Best New Companion Animal Prod- uct (Zoetis' Core EQ Innovator). Scratchpay goes national Veterinary care finance company Scratchpay is now licensed to do business in all 50 states. Same GPO, new name Purchasing Services Inc., a 5,000- member group purchasing organi- zation, has a new name: PSIvet. The change reflects new services in the areas of education, training, bench- mark data and technology. Insurer hires claims referee Chicago practitioner Caroline Wilde, DVM, joined Trupanion pet health insurance as the company's appeals specialist. Dr. Wilde "will be a go-to for complex case reviews, includ- ing those sent to an independent panel of veterinary specialists for third-party assessment," the compa- ny stated. Vets Pets serves Raleigh Vets Pets, a North Carolina veteri- nary hospital network, entered the city of Raleigh with the first of three clinics. Oak Heart Veterinary Hospi- tal at Longview opened Jan. 26 and will be joined later this year by Oak Heart clinics in the Dixie Trail and South Saunders neighborhoods. Petplan appoints new CEO Paul Guyardo was named president and CEO of Petplan pet health insur- ance. He previously served as chief commercial officer at Discovery Communications and chief revenue and marketing officer at DirecTV. BabelBark names new VP VetPartners' immediate past presi- dent, Bruce Truman, MBA, was ap- pointed vice president of sales and marketing at pet software develop- er BabelBark Inc. Sharett replaces Liles Nationwide pet health insurance named financial services veteran Anthony Sharett, JD, its president and chief pet insurance officer. He replaced Scott Liles, the new innova- tion leader at corporate headquar- ters in Columbus, Ohio. Bayer introduces Coraxis Bayer Animal Health released a monthly spot-on heartworm preventive formulated for dogs as young as 7 weeks old. Coraxis (mox- idectin) Topical Solution for Dogs, available by prescription, prevents heartworm disease and treats and controls hookworms, roundworms and whipworms, according to Bayer. 3 of 4 vets belong to AVMA Membership in the American Veterinary Medical Association reached a record 93,438, a 9 percent jump in three years. The organization now represents three out of every four veterinarians. Virbac finds division chief Virbac Corp., the maker of animal health products such as Sentinel heartworm preventives for dogs, ap- pointed François Fournier, Pharm.D., MA, as president and CEO of the North America division. Banfield assists with loans Banfield Pet Hospital veterinarians reduced their student debt load by more than $4 million through direct company contributions. The compa- ny also reported that its Veterinary Student Debt Relief Pilot Program facilitated the refinancing of more than $10 million in loans. Clinic food sales decline Sales of pet food and treats fell by 5.8 percent over the past year at U.S. veterinary clinics as more consumers turned to online sources, according to a Nielsen Co. study. Overall, the estimated 27,000 to 30,000 veteri- nary practices sold $1.6 billion worth of food and treats in the 12 months ended June 2018. The revenue trans- lated to $53,300 to $59,200 for the average hospital. Ron Brakke cuts workload Brakke Consulting founder Ron Brakke turned over day-to-day man- agement to animal health industry veteran Robert "Bob" Jones, MS, Ph.D. The firm announced "a seam- less leadership transition over the coming year and beyond." Yes: LMU and Midwestern The American Veterinary Medical Association's Council on Education awarded full accreditation to the two newest U.S. colleges of veter- inary medicine: Lincoln Memorial University and Midwestern Universi- ty. They opened in fall 2014. Ceva unveils MilbeGuard Ceva Animal Health introduced a monthly heartworm preventive containing the active ingredient used in canine medications such as Trifexis and Sentinel Flavor Tabs. MilbeGuard (milbemycin oxime) Flavored Tablets are formulated for dogs and cats. Vets Plus buys Merrick's Vets Plus expanded its Wiscon- sin footprint with the takeover of Merrick's Inc., a manufacturer of boluses, tablets, powders and electrolytes for livestock. Vets Plus, whose product array includes supplements, treats and Probios probiotics, reported that Merrick's will operate as a subsidiary under the name Merrick's Animal Health. Married name: Covetrus Henry Schein Animal Health and Vets First Choice, whose merger is expected to close in early February, will go by the name Covetrus. LifeLearn joins VetFolio The North American Veterinary Community, publisher of Today's Veterinary Business, partnered with LifeLearn Animal Health on major updates to the NAVC's VetFolio edu- cation platform. Luitpold changes its name Luitpold Animal Health, the maker of the injectable joint medication Adequan, rang in the new year by unveiling a new corporate name: American Regent Animal Health. Distributor group rebrands Active for over 40 years, the Amer- ican Veterinary Distributors Associ- ation is now known as the United Veterinary Services Association.

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