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Covetrus Reports Fourth Quarter and Full-Year 2020 Financial Results


Press release content from Business Wire. The AP news staff was not involved in its creation.
Covetrus Reports Fourth Quarter and Full-Year 2020 Financial Results
March 1, 2021 GMT
PORTLAND, Maine (BUSINESS WIRE) Mar 1, 2021
Covetrus (Nasdaq: CVET), a global leader in animal-health technology and services, today reported financial results for the fourth quarter and full-year 2020, which ended December 31, 2020.
“Throughout 2020, veterinarians and animal healthcare providers did not skip a beat despite the uncertainty and impact created by COVID-19, and neither did Covetrus. As an essential business, we worked to meet and support our customers’ increased volumes and changing needs, including supporting them with our innovative online pharmacy service and the introduction of our telehealth capability in order to enable uninterrupted patient care,” said Ben Wolin, Covetrus president and chief executive officer. “We have responded and exceeded expectations ....

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Covetrus lays off 80 in North American consolidation, cuts last ties with former parent


Portland-based animal-health company Covetrus Inc. (Nasdaq: CVET) on Wednesday morning said it has laid off 80 employees as the result of a consolidation within its North American operations.
Covetrus, which has about 6,000 employees worldwide including 300 in Portland, made the cuts at locations throughout the U.S., spokeswoman Kini Schoop told Mainebiz.
“Within the North American realignment, a new commercial organization was created resulting in new roles, enhanced roles and some roles being eliminated,” she said.
In a news release, the company also said the reorg will reduce duplication, allow better servicing of customer accounts and free resources to expand Covetrus’ software and e-commerce solutions for veterinary practices. ....

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