Heska announces acquisition of certain Cuattro assets
Heska announced that its Heska Imaging subsidiary reached agreement with Cuattro to purchase certain software and related assets and to terminate the related license and supply agreements between Heska Imaging and Cuattro. The related license and supply agreements were originally agreed to as part of the Company's 2013 acquisition of a majority interest in Cuattro Veterinary USA, LLC, a predecessor entity to Heska Imaging. The Company's CEO and President, Kevin Wilson, and related family persons or entities own a 100% interest in Cuattro. The aggregate purchase price of the Software is $8.2M, consisting of $2.75M in cash and 54,763 shares of Heska's common stock. The company expects the required closing conditions to be met and the Transactions to close prior to the end of 2018.