Pets At Home Joins Ipo Rush

According to VPI, the first and largest pet insurance company in the United States, those mostly likely to get insurance for their animals are single people. A VPI survey also showed that people with pet insurance are likely to be between the ages of 18 and 44. Bob Vetere, president and CEO of American Pet Products Association, said his research agrees that pet insurance policy holders are likely to be single people, but he believes they are generally older folks, baby boomers. They both agree it shows how pets have become more central to families’ dynamics. “It shows you people are really bonding with their pets,” VPI spokesman Adam Fell said. “Dogs have gone from the backyard to the porch and, now, they’re sleeping with their parents.” Vetere says, “In a lot of cases, it is people who have turned to their pets as family members, whether their kids have moved out of the house or the kids are grown up or they didn’t have kids in the first place.” Miller adopted Stella seven years ago, and it was his own medical crisis that made him consider getting insurance for the dog. “They’re outside being maniacs during the day. Who knows what can happen when they’re out there?” – Justin Miller In 2008, he was changing Stella’s water bowl when a copperhead snake lurking beneath it lurched up and bit his hand. He knew the snake was poisonous, but had no idea the bite would land him in the hospital for five days followed by six weeks of rehab just to use the hand again. The bill was more than $60,000. “At the time, I had really good health insurance,” he said, adding that he only had to pay about $3,000 out of pocket. “If I had to have to come up with $60,000, I don’t know what I would have done.” Not long after that, he started researching pet insurance for Stella. One day she wouldn’t put any weight on her leg after playing outside. A vet immediately said that she’d torn her ACL and needed surgery and rehab.

KKR bought Pets at Home for 955m four years ago. Since then, Pets at Home’s sales have surged. The company is already the biggest pet shop chain in the UK but will this year become the biggest operator of veterinary practices as it opens instore locations and standalone entities. Related Articles 10 Nov 2013 Pets At Home has around 350 stores and more than 200 vet practices, with 125 in store. In the year to March 28, Pets At Home saw likeforlike sales increase 2.2pc and total sales 9.9pc to 598.3m. This meant that earnings before interest, taxes, depreciation and amortisation rose 9.8pc to 100.8m. The growth of Pets At Home allowed KKR to take a 135m dividend out of the business. The pets retailer is loss-making at a pre-tax level because of interest payments on its debt.

Pets at Home joins IPO rush

The Second Chance for Animals nonprofit volunteer group and the Franklin Township Animal Shelter will reimburse the a portion of the costs of adoption for any new pet adopted by a military veteran, current military personnel, or their families through Saturday. In honor of the sacrifices made by veterans and their families, any veteran who adopts a cat, dog, or other pet from the shelter will receive a reimbursement check to cover up to $60 for adoption costs. The Franklin Township Animal Shelter, in the Municipal Complex at 475 DeMott Lane in the Somerset section of Franklin Township, is open from noon to 3 p.m. Tuesday through Saturday. Military identification will be needed. All of the shelter’s dogs and cats are healthy, already spayed or neutered, up to date on their shots and waiting for their forever home. Check out photos of Nicky, Skippy, Ogden, Nene or Monet, and their many friends in the gallery above, or at the shelters website .


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