IDEXX Laboratories acquires CoVetAI

SEPTEMBER 16, 2026

IDEXX Laboratories acquires CoVetAI

TARGET

AI-native ambient listening and clinical workflow software that automates SOAP notes, transcribes consultations, and streamlines client communication for veterinary practices and teams globally.

Ownership	Founder-owned
Headcount	134 FTEs
Headquarters	Toronto, Ontario, Canada
Leadership	Yannick Bloem, co-founder and CEO
Sell-side advisor	Ignatious
Advisor team	Storm Duncan, Founder & Managing Partner (Ignatious) Kevin Finn, Senior Partner (Ignatious) Chris Hayes, Senior Partner (Ignatious)

ACQUIRER

IDEXX Laboratories

Global diagnostics and software provider for the veterinary industry, serving more than 10,000 clinics worldwide with cloud-based practice management and AI-enabled diagnostic tools

Ownership	Publicly traded (NASDAQ: IDXX)
Headcount	~11,000 FTEs
Headquarters	Westbrook, Maine, United States
Leadership	Mike Erickson, President and CEO
Buy-side advisor	—

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IDEXX Laboratories -> CoVetAI  (2026-09-18)
strategic_acquisition | Healthcare | announced
Target: AI-native ambient listening and clinical workflow software that automates SOAP notes, transcribes consultations, and streamlines client communication for veterinary practices and teams globally.
Website: co.vet | Buyer site: idexx.com
HQ: Toronto, Ontario, Canada | Ownership: founder-owned | Buyer ownership: public (NASDAQ: IDXX)
Advisors - Sell-side: Ignatious
Source: Thematic - https://thematichq.com/software/d/idexx-laboratories-covetai.html

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