Overall impact
C (40)

Commentary

Covetrus is an average overall performer. With a 'C' rating of 40.2 for overall impact (26th percentile compared to all companies), Covetrus ranks 410th out of 462 industry peers, behind STX Next, Transcom, Strategy Inc. and 406 others, and ahead of Quhuo, Ebix, Stamps.com and 49 others. On top material causes for Covetrus's industry (Software), Covetrus performs well in Technology Innovation (94.7 score), Technology Innovation (94.7), Technology Innovation (94.7) and 1 other cause where it received an 'A' score and performs poorly in Accountable Institutions (22.4 score), Accountable Institutions (22.4), Accountable Institutions (22.4) and 53 other causes where it received a 'D' or 'F' score.
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Company
Employees
4,035
Sector
Information Technology
Industry
Health Care Providers & Services
Sub-industry
Application Software
SASB industry
Software & IT Services
Headquarters
Me, United States
Share classes
CVET
Mission
Drive better health for practices by offering an advanced supply chain, technology solutions, and access to comprehensive specialty pharmacy services for your patients.
Description
Covetrus, Inc., together with its subsidiaries, operates as an animal-health technology and services company. It engages in the sale of animal-health consumable products, including proprietary and Covetrus branded products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products, parasiticides, and vitamins and supplements to wholesale and retail customers. The company also offers value-added solutions, such as inventory management and e-commerce, as well as continuing education services for practitioners. In addition, it provides practice management software, data-driven applications, client communications tools, and related services to increase staff efficiency and enhance business health. This includes solutions that integrate with its software platforms, such as client communication services, reminders, data backup services, hardware sales and support, and credit card processing services for veterinary practitioners and animal-health clinics. Further, the company engages in the distribution of finished goods pharmacy and specialty pharmaceutical compounding products, as well as offers shipping, manufacturer incentives, service fees, and data integration and support services. It serves animal-health and veterinary practices, and clinics in the companion-animal, equine, and large-animal markets primarily in North America, Europe, and the Asia Pacific. The company was formerly known as HS Spinco, Inc. Covetrus, Inc. was incorporated in 2018 and is headquartered in Portland, Maine. As of October 13, 2022, Covetrus, Inc. was taken private.
Material causes
Ethos considers the following causes material for Covetrus, based on its industry sub-industry Application Software. Learn more about material causes in our methodology overview.

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