Fairfax Completes its Acquisition of Pethealth Inc.

Fairfax Financial Holdings Limited in Toronto, Ontario, Canada, announced the completion of the acquisition of Pethealth Inc. Pethealth, one of North America’s largest providers of medical insurance for dogs and cats to pet owners, operates in the U.S., Canada and the U.K., and provides management software to North American animal welfare organizations and pet-related database management services to the North American companion animal industry.

Pethealth and its subsidiaries all have become wholly-owned subsidiaries of Fairfax under the leadership of newly appointed CEO, Sean Smith.

“We are thrilled to have Pethealth join the Fairfax group,” said Prem Watsa, chairman and CEO at Fairfax. “Pethealth has a strong presence in the pet insurance and pet-related software sectors, and we look forward to working with Sean and the Pethealth team to further develop the Pethealth business.”

Fairfax Financial Holdings Limited is a financial services holding company, which through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.

Reprinted from PetProductInternational.com