XLNT Veterinary Care, Inc. (DBA Pet DRx)

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petdrx

St. Cloud invested in XLNT Veterinary Care, Inc. (“Pet DRx”) utilizing a combination of senior secured convertible notes with warrants and convertible preferred stock. The Company owns and operates veterinary hospitals in California and is driving consolidation within the veterinary care industry in selected regional markets through internal growth and the acquisition of established veterinary hospitals. In January 2008, XLNT was acquired by Echo Healthcare Acquisition Corp. a healthcare focused SPAC (“Special Purpose Acquisition Company”) in an all stock transaction. Echo (renamed “Pet DRx” after the acquisition) (PDXC.OB) continues to focus on consolidating the veterinary care industry primarily through acquisitions. In 2010, the Company was sold to VCA Antech and subsequently, St. Cloud sold its equity position to VCA Antech.

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