In 2017, VCA, which now owns more than 1,000 vet clinics in North America, was acquired by Mars Inc., the legacy of Americas third-richest family that stands behind confectionery brands including M&Ms, Twix, and Orbit, as well as pet food brands including Pedigree. global leader in beauty, and owns a controlling stake in luxury goods Buys in: nationwide Practice owners considering the co-ownership model and willing to stay and help grow the practice. NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. Founded: in 2012 by Andrew Moffatt, BVSc, MBA, and his wife Joanna Moffatt laura.koester@nva.com, Internet Explorer presents a security risk. The firm will invest up to $100 million of equity capital per opportunity in growth, minority recap, and buyout transactions for cash flow positive businesses. They are strong supporters of our mission of providing progressive and compassionate care. For general inquiries, call 805.777.7722 or fill out our general contact form. Founded: in 2017 by Peter Brown and Edward Haughey Media Inquiries: Please emailmedia@nva.com. NVA and we wish the NVA team and its animal care teams continued Number of centers: 120+ (vet hospitals and pet care facilities) Founded:in 2014, by Mollie Hoff, President and Chief Operating Officer We have over 5,500 veterinary professionals that improve the well-being of patients by providing . Business support offered: Website: https://bluepearlvet.com/ Business support offered (back-office, management, pharmaceuticals, etc.) VetValue has many resources for DVM Owners looking to learn more about the practice sale process. We employ talented veterinary and pet care business experts to support our hospitals and resorts with critical business needs including DVM recruiting, HR management, technology, accounting, finance, legal, marketing, and operations. Please provide the phone number and email address where you would like to be reached. Business support offered: Website: https://cvpco.com/ The deal has led VetPartners to leapfrog Greencross Vets which has more than 150 practices to become the biggest veterinary practice owner Down Under. Ownership status: acquired by OMERS (PE) in 2019 For more information about Chicago. Number of hospitals: prefers not to disclose I am confident that our talented veterinary, clinical and business support teams, patients, and their families will see significant benefits from joining NVA Compassion-First.". We develop a team of individual hospitals and pet resorts that share knowledge to achieve sustainable growth. Business support offered: The company offers wellness and prevention care, diagnostics exams, routine and advanced surgery, emergency care as well as daycare and grooming services, enabling clients to take proper care of their pets. Practice eligibility criteria: individually decided Industry leading recruiting program - our seasoned recruiters are experts in hiring exceptional doctors and critical staff including hard to find veterinary specialists like neurologists, surgeons and internal medicine. Our shared values of compassion, teamwork, and innovation will prove essential as we expand our mission to provide best-in-class medicine to pets and their families. Ownership status: acquired by Partners Group Retirement plan at no cost to employees ESOP contributions have no impact on employees take-home pay, and as share prices grow, so does their retirement fund. As part of its mission, NVA believes that For more information, visit www.nva.com. Back in 2017, it was over 10 percent (around 3,500 of 32,000), according to the Brakke Consulting estimation and the real numbers change nearly every month. Veterinary practice consolidation is progressing, and in the upcoming years, we are likely to see more private equity firms buying practices which will be eventually swallowed up by even bigger corporations. Website: https://www.arizonapetvet.com/ Number of hospitals: 4 Buys in: states where the group already owns hospitals Ownership status: Privately/employee-owned (ESOP model) Practice eligibility criteria: General hospitals in dense areas acted as an advisor to the selling shareholders Practice eligibility criteria: located within local pet and retail stores With just one ranked veterinary school each, are Denmark, Switzerland, Sweden, Ireland, Austria, Italy, and new entrant Finland, with the University of Helsinki, which places 110 th in the QS World University Rankings 2019. JAB:Abernathy MacGregorTom Johnson/Pat Tucker+1 Hands-off approach to medicine (not interfering in medical decisions and local management).Well-being programs, benefits, and decent compensation, Clinical freedom while maintaining significant vet ownership at their local clinic. Please fill out the form below if you want to receive new versions by email. premium-quality sweet treats, and in Espresso House, the largest branded Ownership status: family-owned and led National Veterinary Associates Inc - Company Profile and News Our doctors and pet care teams share best practices, medical knowledge, innovation and insights. Buys in: United States, Canada, Australia, New Zealand and Singapore Locate a hospital near you, Book An Appointment, or get contact information. Buys in: U.S. East Coast We tried to find out these specific details about every veterinary group: The main criteria for inclusion in this list are companies that are actively buying and managing veterinary practices. Number of hospitals: 320+ in 35 states Business support offered: Website: https://amerivet.com/ Trusty Vet. ), Customized leadership and mentorship for veterinarians and practice managers, Support in HR (Payroll, Recruiting, Policies/Insurance), Practice oversight provided by Vets Pets Medical Directors, Extensive support in IT, Accounting, Finance, Marketing, The Ultimate CarePackage, a suite of 16 innovative DVM benefits aimed at providing both personal and professional support, Stock option opportunities for all team members, Development and support in the form of experienced leadership and expert consultancy, Practice owners who care about their legacy, staff, clients and patients, Medical practices and protocols are always left in the hands of the veterinarians and their teams, Benefits, including a focus on work-life integration, Roundtable discussions on new trends and developments in veterinary medicine and more. Founded: in 2014 by Jay Price, DVM; Chase Whitworth; DVM, Jeff Falone; DVM, Elizabeth Robinson, DVM, and Barron Lakeman, JD. Hospital support: Assistance with all the back office functions (marketing, human resources, etc. Buys in: North Carolina Number of hospitals: 71 (+5 since January 2022) Find A Hospital - Vca as at December 31, 2018. Industry Giant NVA Acquires SAGE Veterinary Centers Business support offered: Website: https://allianceanimal.com/ Buys in: Canada accelerated its acquisitions, invested in new pet segments such as pet Ownership status: owned by Tyree & DAngelo Partners (PE) Founded: in 2021 Practice eligibility criteria: Owners desiring to grow into additionalhospitals and maintain equity in their practice and well-being of animals by providing progressive and compassionate Business support offered: Website:http://www.lakefieldvet.com/ Number of hospitals: 720 (+209 since January 2022) London, New York, Singapore and Toronto, seeks to use its significant Cash-plus-stock-in-SVP deals are also available. Buys in: nationwide boarding and daycare, specialty and ER animal care, aftercare, equine, Founded: in 2018 by Dr. Kent Thornberry We are going to give you the list of veterinary consolidators, which we believe are the most prominent in the market and see how they approach buying vet practices. Buys in: Midwest, Mountain West and Florida Ownership status: backed by Revelstoke Capital Partners veterinarians are united by a common purpose a love for animals and and provides a hospital with support in HR, marketing, facilities, and general management. The state of veterinary corporatization-dvm360 FTC Takes Second Action Against JAB Consumer Partners to Protect Pet Founded: in 2009 Number of hospitals: 30 (+20 since January 2022) locations in the Mid-Atlantic region (U.S.) JAB makes second US vet chain purchase | Financial Times Practice eligibility criteria: profitability, the potential for growth, and cultural fit Roney, 212-808-1185proney@aresmgmt.comFor Pet care and veterinary business operations experts - we employ marketing experts, accountants, HR professionals, trainers, and operational experts to help our hospitals and resorts to reach their potential. Practice eligibility criteria: specialty and emergency veterinary clinics Empowering local teams through leadership/mentorship opportunities and personal development plans, Continuing education and a wide range of training programs equipping teams with cutting-edge resources on communication, conflict management, and other industry topics, Protection of a hospitals unique identity, culture, community relationships, and medical practices, Employment and equity opportunities for practice sellers. core strategic objective to support and invest in veterinarians and Practice eligibility criteria: Ownership agreement: typically a majority sale to AmeriVet, but 100 percent sales and other types of deals are also possible. Business support offered: Website: https://westernvetpartners.com/ Birmingham, AL. at: http://www.jabholco.com. It uses an Employee Stock Ownership Plan (ESOP) and allocates equity to all of its employees veterinarians, technicians, support and management staff, as well as relief workers. Ownership agreement: buyout Search. Practice eligibility criteria: MedVet is currently looking for like-minded teams to join their expanding network. Ownership status: backed by Waud Capital Partners (PE) since 2018 NVA partners with over 700 general practice hospitals, CPF believes that the most significant societal impact and investment returns from healthcare for the next decade will be generated by investment in delivery model innovation. Summit has played a vital role in strengthening NVA on many fronts from escalating our acquisitive capabilities to introducing new products years ahead of industry trends.. Ares Management Corporation is a publicly traded, leading global Contact Information Website www.nva.com Ownership Status Acquired/Merged (Operating Subsidiary) Financing Status Private Equity-Backed Primary Industry Other Services (B2C Non-Financial) Not being transparent with your staff about future acquisition can cause a great deal of stress. NVAs veterinarians and animal care professionals provide a full 2023 Summit Partners. specialty coffee and tea company, Caribou Coffee Company, a specialty Dr. Daniel Holub and Dr. Robert Bauml wanted to cash in on their sweat equity with a partner that respected the way they practiced medicine. Jefferies LLC acted as exclusive financial advisor to NVA and William For more information, please visit the company's website under management as of March 31, 2019 and 18 offices in the United National Veterinary Associates (NVA) was founded by Dr. Stanley Creighton, DVM, with an emphasis on supporting local medical standards as established by individual hospitals and practitioners.He had a vision to consolidate the fragmented veterinary practice market through an acquisition model that would provide practice management support Mergers and acquisitions are easier to run, taking into account high market fragmentation (there are numerous small hospitals) and a growing number of practice owners thinking about sale and retirement. Business support offered: Website: https://www.petvetcarecenters.com/ OMERS invests and administers pensions for nearly a half a Practice eligibility criteria: buying vet practices and pet resorts Founded by a Veterinarian for Veterinarians By Dr. Stan Creighton, NVA Founder After 23 years as a practicing veterinarian, I realized that fewer younger veterinarians were interested in owning a practice, the financial demands, and administrative complexity of running a modern-day hospital. JAB expands its veterinary hospital holdings with the purchase from two other investors. platform and leading the industry in innovation and quality of service.. The largest private owner of freestanding veterinary hospitals in the U.S. We invest in innovative medical practices, modernizing the pet parent experience and the well-being of our people. serve, and JAB Investors recognizes and joins us in that commitment., NVA is a world-class organization led by one of the best teams in the Business support offered: Website: https://www.vetstrategy.com/ Business support offered: Website: https://veterinaryemergencygroup.com/ end, NVA provides cutting edge tools and resources for its veterinarians specialty + ER hospitals, equine hospitals, and pet resorts in the U.S., Ares Management Corp. and partner OMERS Private Equity have agreed to sell majority control of the 670-hospital network to another group, JAB Investors. Ownership status: funded by Warburg Pincus and Talisman Capital Use the Filter menu to select specific services or Hospital types you are interested in sorting by. Founded: in 2017 Stay current with the latest techniques and information Sign up below to start your FREE Todays Veterinary Business subscription today. Ownership agreement:Individually evaluated on case by case basis Ownership status: family-owned "Our shared values of compassion, teamwork and innovation will prove essential as we expand our mission to provide best-in-class medicine to pets and their families." NVA's independently managed veterinary hospitals are in the United States, Canada, Australia, New Zealand and Singapore. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Business support offered: Website: https://rarebreedvet.com/ Jacob Osborn - Recruiter - National Veterinary Associates | LinkedIn Ownership status: owned by AEA Investors LP and a wholly owned subsidiary of the Abu Dhabi Investment Authority Buys in: nationwide NVA owns and partners with over 700 General Practice, Specialty, Emergency, and Equine hospitals, and Pet Resorts in 44 states and five countries. National Veterinary Associates - Crunchbase Company Profile & Funding For general inquiries, call 805.777.7722 or fill out our general contact form. Terms were not disclosed. in the world. Founded: in 2018 by Ted Sprinkle, DVM, Lance Sprinkle, and Bo Iler Terms were not disclosed. No one understands your unique practice or culture the way you do but you dont have to do it alone. Summit Partners | Companies | National Veterinary Associates It will not surprise you to find out those same companies-with a few new players-are still growing in 2019. We are proud to have supported the company during its significant growth over the past five years as it extended its reach outside the U.S., accelerated its acquisitions, invested in new pet segments such as pet resorts, and became the largest independent veterinary platform globally, said Ares Management co-founder Bennett Rosenthal, MBA. globally. long-term dynamics, including strong growth prospects, attractive margin Ownership status: owned by the management team and Metalmark Capital PE (acquired interest from Prospect Partners in 2019) Number of hospitals: 31 We are grateful for the opportunity to have partnered with NVAs Private-equity or a consolidator led by veterinarians? NVA Welcomes SAGE Veterinary Centers to its Family Terms of the transaction were not disclosed. This can play into the hands of practice owners planning retirement. Buys in: the above-mentioned states, as well as Arkansas, Indiana, Delaware, Ohio, Missouri, Oklahoma, West Virginia, and Washington DC Also partners with pet resorts and daycare locations looking to add veterinary to their services. Ownership agreement: custom-tailored to fit a practices unique needs JAB Holding Company is also the largest shareholder in Coty Inc., a Veterinary consolidators reviews have been collected from open sources, such as their websites and niche news resources. Ownership status: owned by the Moffatt family 212-371-5999tbj@abmac.com/pct@abmac.comFor Number of hospitals: 50+ resort-style locations (veterinary care plus boarding, grooming, and day camps) across US At the same time, selling a practice requires planning ahead and devising the right exit strategy. We bring proven processes, modern technologies, and our deep domain expertise to the rapidly growing veterinary consolidation market. Veterinarian-founded in 1997, NVA is a leading global community of 1,150 independently managed veterinary hospitals across the US, Canada, Australia, New Zealand, and Singapore, united in the love of animals and the people who love them. partners, and invests in consumer-focused industries with attractive National Veterinary Associates | NVA For the love of animals and the people who love them A community united by a single purpose NVA is a leading global veterinary community of more than 1,400 veterinary hospitals and pet resorts united in the love of animals and the people who love them. Practice eligibility criteria: Ownership agreement: 100 percent sale with investment opportunities for practice owners (joint venture) resort leaders embody the entrepreneurial spirit in which NVA was Committed to the advancement of quality veterinary care, SAGE has established itself as a tight-knit community of talented and thriving veterinarians with a stellar reputation for clinical expertise and a culture of collaboration. NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. We promise not to spam you too much. Number of hospitals: 36 (+3 since January 2022; emergency and specialty hospitals) in 15 states (California, Idaho, Utah, Texas, Louisiana, Alabama, North Carolina, Kentucky, Indiana, Illinois, Ohio, Pennsylvania, Michigan, Connecticut, and Virginia) Buys in: South and Southeast United States approach to best serve the needs of their local communities. For more information, visit www.nva.com. NVAs 14,000 team members and 2,600 Buys in: East of the Mississippi River in the U.S. Buys in: Arizona Practice eligibility criteria: AAHA-accredited and Fear Free-certified vet practices with a top-notch team, culture, and medical standards McCalla, AL. Number of hospitals: over 400 general practice, specialty, and emergency veterinary hospitals throughout the US, including 100 THRIVE clinics Buys in: nationwide Founded: in 2019 by Lukas Keindl, Mo Punjani, and Zay Satchu For more information, please visitwww.omersprivateequity.com. And VetPartners hasn't had its fill. and expansion into several new countries, said Greg Hartmann, CEO of Founded: in 2012 Reflecting SAGE and NVA Compassion-Firsts strongly aligned approach to veterinary care, SAGE's management, their Founding Veterinarians and Chicago Pacific Founders will roll over a portion of their investment proceeds into stock in NVA as part of the transaction. investment groups in Credit, Private Equity and Real Estate is a market Ownership status: backed by Percheron Capital (PE) Part of the Mars, Incorporated family of companies, Banfield owns clinics in the United States, Mexico, and the United Kingdom. A team of professional pet care executives to assist partner hospitals in business tasks in the post-transition period. Our family of 812 exceptional practices reaches from coast to coast in the US and across the border to Canada. Practice eligibility criteria: Ownership agreement: From 51 percent to 100 percent sale (majority to SVP). And we believed the best medicine is practiced when local veterinarians craft their own medical approach, so when a hospital joined NVA, we kept the culture, people, and the name intact. NVA Compassion-First champions each hospital's unique culture and opportunities by enabling innovation, collaboration, and a commitment to delivering exceptional care to pets and their families. Ownership status: family-owned and led Taking on someones veterinary clinic was a responsibility my team and I did not take lightly. Founded: in 2017 by Bob Singleton The joint decision-making model is also available. Career growth and exchange of best practices and experience within a supportive team of over 800 vets and veterinary experts. Since its inception in 1992, SAGE has embodied a patient-first philosophy and commitment to collaboration, leading to a reputation for delivering innovative veterinary medicine using the most advanced technologies available. Number of hospitals: 36 (+7 since January 2022) emergency 24/7 locations in 12 states "This combination marks an important step towards our vision to build the leading global specialty and emergency veterinary hospital group affording veterinarians the opportunity to collaborate and advance medical capability. In this period of uncertainty, many teams suffer from. Full freedom in clinical practices and standards, Continuing education and professional development opportunities, Ability to maximize retirement proceeds when the partner chooses to step down, Connecting the hospital to Caras extensive resources in technology and systems, inventory management, pricing optimization, marketing, as well as talent acquisition, training, and retention, Utmost regard for the practices unique culture and relationships, Enhanced learning and development opportunities for veterinarians and associates through Caras medicine network and its relationships with the worlds most respected health care organizations, Improved sustainability through the long-term family-ownership model, Fostering a strong family culture, which makes the best foundation for preserving the practices legacy.
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