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. OMERS Private Equity, the private equity Ownership status: acquired by OMERS (PE) in 2019 Ownership agreement: deals ranging from 100 percent sale to co-owning. Practice eligibility criteria: specialty and emergency veterinary clinics Website: https://www.carevethealth.com/ All rights reserved. Vet groups buying pet-store-based clinics (, Practice eligibility criteria (features they are looking for in a practice to buy), Ownership agreement with practice owners (100 percent or majority/minority sale, investment opportunities for practice sellers etc.). Ownership agreement: 100% sale (cash) Business support offered: Website: https://amerivet.com/ in the world. and empowering our animal care teams in their local communities. SAGE Veterinary Centers and NVA Join Forces in their Shared Mission to Deliver Compassionate and Exceptional Advanced Veterinary Care for Pets and their Families. 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. company in the ready-to-eat food market, Peet's Coffee & Tea, a premier Business support offered: Website: https://innovetivepetcare.com/ We believe medicine is best practiced when . Lake Crest Animal Clinic. Ownership agreement: 100 percent sale to VetCor, with flexible employment opportunities for practice owners Terms were not disclosed. partners, and invests in consumer-focused industries with attractive Founded: in 2016 by George Robinson, DVM million members through originating and managing a diversified portfolio Business support offered: Alliance Animal Health provides resources and assistance in business operations, additional education and mentoring for vets, custom-built financial offerings, and more. They Retention of a clinics brand name, logo, schedule, management, vendors, etc. Ownership agreement: cash-based sale with flexible structuring of every acquisition Ownership status: backed by Waud Capital Partners (PE) since 2018 Dramatically increased acquisition pace, adding 150+ veterinary hospitals during Summits investment. Number of centers: 120+ (vet hospitals and pet care facilities) Founded: in 2017 by Jeff Rothstein, DVM, and Vic Dhillon, DVM Founded: in 2015 NVA is one of the largest veterinary and pet care services organizations Number of hospitals: 31 premium-quality sweet treats, and in Espresso House, the largest branded Number of hospitals: 11 (+1 since January 2022; all general practice) in California Terms were not disclosed. Founded: in 2012 long-term dynamics, including strong growth prospects, attractive margin Ownership status: family-owned and led Business support offered: Website: https://www.mypetsvetgroup.com/ Stay in touch! For more information, please visit the company's Get the latest business insights from Dun & Bradstreet. Ares Management Corp. and partner OMERS Private Equity have agreed to sell majority control of the 670-hospital network to another group, JAB Investors. national veterinary associates address - isi-mtl.com JAB Holding Co. Buys in: United States, Canada, Australia, New Zealand and Singapore Practice eligibility criteria: Ownership agreement: flexible acquisition structuring with an employment opportunity for selling veterinarians who want to stay on 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. Ownership status: owned by the Moffatt family Number of hospitals: over 400 general practice, specialty, and emergency veterinary hospitals throughout the US, including 100 THRIVE clinics Number of hospitals: 4 Based in Chicago and San Francisco, Chicago Pacific Founders ("CPF") is a leading strategic healthcare private equity firm focused exclusively on investing in growth companies within healthcare services, value-based care, and caring for aging populations. VetPartners is owned by California-based National Veterinary Associates (NVA), one of the largest corporate consolidators in the U.S. SAGE will join NVA Compassion-First's 85 specialty, emergency and surgical hospitals, which have distinguished themselves as innovative and compassionate leaders in providing world-class medicine. Founded: in 2017 by Peter Brown and Edward Haughey Compassion-First owner to acquire National Veterinary Associates Practice eligibility criteria: Excellent community reputation and shared long term core values Business support offered: Website: https://westernvetpartners.com/ Find a Hospital. industry leading businesses. Ownership status: majority interest acquired by Shore Capital Partners in 2017; minority belongs to the team of veterinarians Ownership status: 100% owned by the founding family and veterinarians SAGE is one of the leading veterinary groups in the western United States providing business and clinical support services to 16 locations across four states, including Alaska, California, Texas, and Washington. Number of hospitals: 450+ locally branded practices (ranging from preventative/primary pet care to emergency clinics and surgeries) in more than 37 states 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 Number of hospitals: undisclosed Number of hospitals: 24 National Veterinary Associates Careers and Employment in US This explains the staggering number of locations the group owns.) Practice eligibility criteria: buying vet practices and pet resorts 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. Business support offered: Website: https://galaxyvets.com/ of investments in public markets, private equity, infrastructure and Trusty Vet. has adhered to a disciplined investment philosophy that focuses on NVA's Mission is To Improve The Comfort & Well-Being Of Animals. Why 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.". Our doctors and pet care teams share best practices, medical knowledge, innovation and insights. NVA says this on their facebook page. Ownership status: majority interest was acquired by North Castle Partners (PE) in 2018; minority interest is held by several shareholders JAB makes second US vet chain purchase | Financial Times Buys in: US Part of the Mars, Incorporated family of companies, Banfield owns clinics in the United States, Mexico, and the United Kingdom. Company (JAB), which will invest alongside JCF. real estate. Practice eligibility criteria: individually decided Can I stay with my practice or this is the end? Looking ahead to retirement, Dr. Dan Gilchrist wanted a partner that would honor his business culture and staff seniority, and allow his son, James, to take over the practice. Ownership status: acquired by L Catterton Jacob Osborn - Recruiter - National Veterinary Associates | LinkedIn We have been privately running for almost 40 years but recently decided to join National Veterinary Associates, who owns many non-branded hospitals throughout the U.S. and other countries. Trussville Main Street Animal Clinic. Practice eligibility criteria: team quality and shared values Number of hospitals: undisclosed They share our belief that the best veterinary care is created by supporting and empowering our animal care teams in their local communities.. Taking on someones veterinary clinic was a responsibility my team and I did not take lightly. Assistance in operations and administrative tasks including management, purchasing, IT, finance/accounting, renovations, equipment upgrades, etc. [] Practice eligibility criteria: Ownership agreement: part-ownership model for veterinarians and key administrators 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. Summit Partners | Companies | National Veterinary Associates Rooted in a culture of compassion and innovation, NVA Compassion-First is NVA's specialty and emergency care group of 1,200+ board-certified specialists and emergency doctors across 85 veterinary centers providing a full range of advanced medical, surgical and specialized services. Business support offered: Website: https://valleyveterinarycare.com/ Of all these locations, Denmark claims top spot, with the University of Copenhagen moving up four places to now rank joint . Acquired by JAB Holding Company Agoura Hills, California, United States 1001-5000 Private Equity Private www.nva.com/ 137,767 Highlights Acquisitions 2 Investments 1 Exits 1 Total Funding Amount $128M Contacts 170 Employee Profiles 3 Ownership agreement: partnership Locate a hospital near you, Book An Appointment, or get contact information. For general inquiries, call 805.777.7722 or fill out our general contact form. Krispy Kreme Doughnuts, a global leader in doughnuts and other For more information, please visitwww.omersprivateequity.com. Number of hospitals: 160+ Founded: in 2016 by Matthew Sussman, Jake Sloane, and Frank Zhang share our belief that the best veterinary care is created by supporting The VIS team will be updating the article when we receive new information regarding vet consolidators. as at December 31, 2018. Ownership status: employee-owned and veterinarianled. Ownership agreement: partnership Assistance with business functions (finance, marketing, recruiting, HR, vendor contracting, operations, etc), Retention of a practices unique culture and management, A co-owner stays with their practice as a leader, with full independence in patient care, High clinical standards (AAHA-accredited), At least one and a half full-time vets (DVMs), Intensive HR support to help staff adapt during the transition, Owners and staff committed to stay and work at the hospital upon acquisition, A reputable practice with high ethical standards and satisfied clients, Handling administrative work (finance, accounting, marketing, IT, payroll, HR, recruitment, purchasing, and legal services), Independence in clinical decision-making and local management, Well-established practice with a strong reputation, Running the business side (from manufacturer/vendor relationships to marketing, accounting, and finance) letting a hospital focus entirely on the medical side, Leveraging industrys best liquidity, sustainability plans, and exit strategies, Staff development including talent recruitment, retention, and continuing education, Improving care plans through the implementation of veterinary expertise, Amplifying impact in the community through leadership and stewardship, Networking with other successful vets and vet professionals across the VetEvolve veterinary group, Pet care quality and customer service excellence, Dedicated back-office (accounting, finance, operations, recruitment, HR, IT, purchasing, data reporting and analysis, marketing, and sales), Fully changeover the hospital to VEG systems, IT hardware infrastructure, PIMS, branding, and interior layout, Making acquired hospitals look as similar to their de novos as possible, Centralized finance, payroll, marketing, HR, recruiting, purchasing, vendor negotiation, and inventory management, Training and development opportunities for staff (including Innovetive Leadership Summits and Innovetive University), Back-office services including finance, accounting, legal, HR, payroll, and marketing, Economies of scale in purchasing and systems, Hand-off approach to medicine; retention of brand, team, and culture, Learning and mentorship opportunities through American Veterinary Academy, Sharing of resources and best practices across the network of member hospitals, Opportunity to stay with the practice, post-sale, Retention of a practices unique culture, legacy in a community, and clinical approaches. Jefferies LLC served as exclusive financial advisor and Katten Muchin Rosenman LLP served as legal counsel to SAGE Veterinary Centers. Buys in: U.S. East Coast Business support offered: Website: https://blueriverpetcare.com/ For general inquiries, call 805.777.7722 or fill out our general contact form. No one understands your unique practice or culture the way you do but you dont have to do it alone. Number of hospitals: 100+ (including UrgentVet Pet Clinics) in Florida, Georgia, Texas, South Carolina, North Carolina, and Oklahoma We are excited to partner with Under Greg Hartmanns leadership, NVA has continued its rapid growth trajectory. very highest level of veterinary care. Extensive support in accounting/finance, IT, and marketing, Dedicated personnel to support ongoing talent management, retention, and career development, Partnership with PetMedic urgent care, which provides after-hours relief to overwhelmed emergency hospitals and local veterinarians, Medicine: Full freedom in clinical practices and standards. For the love of animals and the people who love them. Buys in: nationwide Their local hospital and pet At the same time, selling a practice requires planning ahead and devising the right exit strategy. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. We also sent out an offer to companies employees to clarify, confirm or refute the review we published and have updated the information if we collected any response. Number of hospitals: 30 (+20 since January 2022) locations in the Mid-Atlantic region (U.S.) Buys in: nationwide Drake, 800-340-6597cdrake@aresmgmt.comorPriscila Number of hospitals: 330+(95 percent general practice and 5 percent emergency) in Alabama, Florida, Georgia, Mississippi, Kentucky, North Carolina, Louisiana, Maryland, Texas, South Carolina, Virginia, and Tennessee of our mission of providing progressive and compassionate care. NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. Business support offered: Website: http://veterinaryunited.com/ JAB Holding Company is also the largest shareholder in Coty Inc., a ), Professional education and courses for local leaders at Encore Performance Academy, Increased profitability through corporate business support, shared resources, and economies of scale, Relocation bonuses and tuition reimbursements, Comprehensive back-office support (streamlined operations, marketing, HR, accounting, payroll, recruiting, and technology), Centralized backup in operations (plans, operating budgets, buying new equipment and inventory, etc. Ownership status: owned and led by veterinarians, a minority interest acquired by RiverGlade (PE) in 2019 Buying a cash business like a companion animal practice is considered a safe and lucrative investment for private entities looking to gain profit and diversify their portfolio. Practice eligibility criteria: shared core values In this period of uncertainty, many teams suffer from. Jefferies LLC acted as exclusive financial advisor to NVA and William Ownership status: acquired by Align Capital Partners in 2020 Founded: in 1997 by a private investment group. Buys in: above-mentioned states and California Number of hospitals: 168 (+12 since January 2022) To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. This can play into the hands of practice owners planning retirement. About Us 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. to deliver the most advanced high-quality care and client services. Practice eligibility criteria: solid growth, top-notch medicine, and revenue over $1.3 million The companys To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. and provides a hospital with support in HR, marketing, facilities, and general management. JAB:Abernathy MacGregorTom Johnson/Pat Tucker+1 retailer of high-quality premium coffee products, Einstein Noah 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. 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. Ownership agreement: partnership Buys in: Mid-Atlantic, Midwest, Northeast and Southeast National Veterinary Associates Overview Website: www.nva.com Headquarters: Agoura Hills, United States Size: 10000+ Employees Founded: 1996 Type: Company - Private Industry: Pet Care & Veterinary Revenue: Unknown / Non-Applicable Competitors: Banfield Pet Hospital, BluePearl Specialty + Emergency Pet Hospital, VCA Create Comparison VCA Antech . Ownership status: Privately owned ", "SAGE is elated to have found the right partner for the next chapter in our story," said Gina Del Vecchio, Chief Executive Officer, SAGE Veterinary Centers. Number of hospitals: 100+ hospitals in 30 states Due to the accelerating pace of veterinary consolidation today, it is hard to estimate the real number of company-owned vet practices. After selling his practice to NVA in 2012, Dr. John Paulson was committed to his life's passion and continuing to work in the profession he loves. DVM support system: a DVM relief network to allow for a better work-life balance while you enjoy a robust benefits package. range of medical and surgical services. Buys in: Canada investment groups in Credit, Private Equity and Real Estate is a market In November 2021, VetStrategy merged with IVC Evidensia. Leading Animal Hospital Group NVA Acquires Ethos Veterinary Health Buys in: nationwide For employment verification, please contact Equifax/The Work Number at 877-442-9963 orgo towww.theworknumber.com. Partner and Co-Head of the Private Equity Group of Ares Management. and cash flow characteristics, and proven resiliency. Number of hospitals: 71 (+5 since January 2022) Ownership agreement: 100 percent sale (cash) We develop a team of individual hospitals and pet resorts that share knowledge to achieve sustainable growth. Business support offered: Website: https://thevetspets.com/ Ownership agreement: custom-tailored to fit a practices unique needs Also partners with pet resorts and daycare locations looking to add veterinary to their services. CEO Gregory Hartmann and Senior NVA Management Team to Maintain Huntsville, AL. One of the largest animal hospital chains, National Veterinary Associates, is getting a new owner. Business support offered: Website: https://www.nva.com/ Find company research, competitor information, contact details & financial data for National Veterinary Associates, Inc. of Lake Havasu City, AZ. NVA Launches Scholarship Program in Partnership with Purdue Veterinary Subscribe to our weekly newsletter and receive hot news from the veterinary industry straight out of the oven. in the transaction. 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. Business support offered: Provides services such as general medicine, dental care, diagnostic tests, surgeries, emergency and critical care, and pharmacy as well as preventative medicine through a variety of Wellness Plans. Hear from practice owners and veterinarians who have chosen NVA as their trusted partner and community. Moving forward, we feel JAB Investors will be a great partner for us as we focus on our next phase of growth, he said. Join a community of like-minded professionals dedicated to collaboration, innovation, and professional development. Ownership agreement: part-ownership model for veterinarians
