Scoop: L Catterton invests in pet hospital chain Alliance Animal Health – Axios

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Illustration: Aïda Amer/Axios
Veterinary hospital operator Alliance Animal Health has secured an investment from private equity firm L Catterton at a valuation of between $750 million and $800 million, Axios has learned from four sources.
Why it matters: Private equity in 2021 has shown an insatiable appetite for veterinary care.
Details: Existing shareholder LightBay Capital will remain an investor in Alliance.
The big picture: Pet ownership is increasing, and investors view the vet care sector as recession resistant.
What we’re watching: The possibility of 2022 IPOs from industry giants.
On Wednesday, December 15th, Axios health care editor Tina Reed and senior editor Sam Baker discussed how the health care sector is considering its environmental impact through policy and infrastructure, featuring National Academy of Medicine president Dr. Victor J. Dzau and Rep. Lauren Underwood (D-Ill.).
Dr. Victor J. Dzau described how various entities can collaborate to drive down health care industry emissions, the intersection between climate change and adverse health effects, and practical steps the industry can take to reduce its own carbon footprint.
Rep. Lauren Underwood highlighted how the health care industry should be thinking about climate resiliency in their infrastructure, the need for more investment in health care systems amidst a rise in destructive climate-related extreme weather, and how the system as a whole should address its own environmental impact.
Axios Chief Business Officer Fabricio Drumond hosted a View from the Top segment with HDA president & chief executive officer Chester “Chip” Davis, Jr., who explained how the health care sector is working to decarbonize their supply chains.
Thank you HDA for sponsoring this event.
Photo: Gary Hershorn/Getty Images
Surging cases of the Omicron COVID-19 variant have led to hundreds of last-minute cancellations of Christmas Eve flights across the U.S.
Why it matters: Thousands of customers are believed to be affected by the latest pandemic-driven travel disruption.
Travelers arrive at Miami International Airport ahead of the long holiday week-end of Memorial Day in Miami on May 26, 2021. Photo: Chandan Khanna/AFP via Getty Images
The White House will lift the travel restrictions it imposed on eight African countries last month after the Omicron variant was first reported in South Africa, White House assistant press secretary Kevin Munoz said on Friday.
Driving the news: The restrictions will end on Dec. 31, according to Munoz. He said the decision to lift travel restrictions was recommended by the Centers for Disease Control and Prevention.

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