On February 8, 2019, Covetrus, a leading global animal-health technology and services company, with over $3.5 billion in revenues, listed on Nasdaq.

The newly-formed company emerged from the merger of Vets First Choice (VFC) and Henry Schein’s animal health segment. Covetrus offers complementary offerings in the animal health and services sector. The merger extends the combined entity’s reach in Asia, an area poised for sector growth.

Hillhouse’s investment in VFC was the latest example of the firm deepening its research and operating insights into the pet and vet clinic industries globally.