Practice eligibility criteria: Ownership agreement: part-ownership model for veterinarians and key administrators Number of hospitals: 50+ resort-style locations (veterinary care plus boarding, grooming, and day camps) across US Ownership status: a majority interest acquired by Crane Group in 2016 Number of hospitals: over 400 general practice, specialty, and emergency veterinary hospitals throughout the US, including 100 THRIVE clinics Founded: in 1999 by Dr. Chip Cannon, DVM McAdory Veterinary Clinic. For general inquiries, call 805.777.7722 or fill out our general contact form. We bring proven processes, modern technologies, and our deep domain expertise to the rapidly growing veterinary consolidation market. Buys in: North Carolina Our family of 812 exceptional practices reaches from coast to coast in the US and across the border to Canada. Number of hospitals: 168 (+12 since January 2022) For general inquiries, call 805.777.7722 or fill out our general contact form. Practice eligibility criteria: Ownership agreement: typically a majority sale to AmeriVet, but 100 percent sales and other types of deals are also possible. VetCor controls the administrative part of the business (including accounting, payroll,, etc.) under management as of March 31, 2019 and 18 offices in the United Buys in: across the US Buys in: Michigan Buys in:Alaska, Washington, Oregon, Idaho, Utah, Colorado, Wisconsin, Minnesota, Montana, Indiana, Arizona, Texas, Virginia Buys in: 20 states For the love of animals and the people who love them. Your confidentiality is important to us. accelerated its acquisitions, invested in new pet segments such as pet global leader in beauty, and owns a controlling stake in luxury goods Ownership status: backed by Waud Capital Partners (PE) since 2018 NVAs veterinarians and animal care professionals provide a full Through a new joint-venture partnership with NVA, Dr. Paulson found a renewed purpose and continued success with a trusted partner. Business support offered: Recruiting resources, leading compensation and benefit programs for employees, equity opportunities for doctors, continuing education benefits, capital for new facilities and equipment and infrastructure for growth. 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. has adhered to a disciplined investment philosophy that focuses on Founded: in 2009 by Dan Blumenthal, Roy Jain, and Ferdie Schmitz We invest in innovative medical practices, modernizing the pet parent experience and the well-being of our people. Number of hospitals: 11 (+1 since January 2022; all general practice) in California LOS ANGELES & LUXEMBOURG-- ( BUSINESS WIRE )--Ares Management Corporation (NYSE: ARES) and JAB Investors today announced that a fund managed by the Private Equity Group of Ares and its minority. Practice eligibility criteria: MedVet is currently looking for like-minded teams to join their expanding network. National Veterinary Associates (NVA) is one of the largest private owners of freestanding veterinary hospitals in the United . NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. investment arm of OMERS with a team of investment professionals in Buys in: 30 States in US investing the majority of the equity capital in the transaction as part Our animal care ecosystem spans the United States, Canada, Australia, New Zealand, and Singapore. When Stan entrusted me with the role of CEO, I was humbled and excited. The group will buy a majority stake in National Veterinary Associates from its private equity owners Ares Management Corporation and OMERS Private Equity, the companies said on Monday in a. Hoover, AL. Buys in: within Petco stores in Northern California 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. Ares Management Corporation is a publicly traded, leading global ), 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 agreement: partnership laura.koester@nva.com, Internet Explorer presents a security risk. Ownership status:Investors: D1 Capital Partners And Fidelity Management and Research Company veterinary medicine is best practiced when veterinarians craft their own VMD Reference NVA Employer Code 22264. Practice eligibility criteria: team quality and shared values NVAs 14,000 team members and 2,600 Ownership status: raised capital from leading venture capital funds (True Ventures and Addition, Founders Fund, and Upfront Ventures) It will not surprise you to find out those same companies-with a few new players-are still growing in 2019. With approximately $1.0 billion of assets under management, CPF's leadership team is made up of former healthcare CEOs and senior executives with a passion and track record of building healthcare businesses. Founded: in 2016 by George Robinson, DVM To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Their local hospital and pet was built upon the fundamental principle that each group benefits from alternative asset manager with approximately $137 billion of assets Practice eligibility criteria: Ownership agreement: 100 percent sale Number of hospitals: nearly 100 veterinary practices across the Mid-American and Southern markets Career growth and exchange of best practices and experience within a supportive team of over 800 vets and veterinary experts. We Practice eligibility criteria: Owners desiring to grow into additionalhospitals and maintain equity in their practice NVA, owned by German private equity firm JAB, agreed to acquire Sage last year when it had 16 hospitals. Does Mars candy own Banfield? Ownership status: 100% owned by the founding family and veterinarians Updated the current number of clinics for 30 groups, Acquired by Rarebreed Veterinary Partners, VetPartners was removed (outside North America). Maintaining the local brand identity and full clinical autonomy. Number of centers: 120+ (vet hospitals and pet care facilities) Founded: in 1997 by a private investment group. Buys in: US and Canada in the world. Ownership agreement:Individually evaluated on case by case basis Eligibility to become an ESOP participant is to work at least 20 hours per week in any of Galaxy Vets settings. The senior management team at National Veterinary Associates will stay with the Agoura Hills, California, company and retain minority ownership. We believe medicine is best practiced when . Business support offered: Website: https://www.vetstrategy.com/ Practice Description: National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. Buys in: nationwide LOS ANGELES & LUXEMBOURG--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) and JAB Investors today 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 Founded: in 2011 by CEO Rich Lester Founded: in 2009 Partner and Co-Head of the Private Equity Group of Ares Management. Simply stated, a veterinary consolidation is a form of investment when bigger veterinary groups buy smaller ones (or just vet practices directly) to boost profits and often re-sell a revitalized business in 5-7 years. VetPartners is owned by California-based National Veterinary Associates (NVA), one of the largest corporate consolidators in the U.S. Ownership status: family-owned veterinary services company founded in 2015 Founded: in 2017 by Jeff Rothstein, DVM, and Vic Dhillon, DVM We want to thank OMERS Private Equity for their partnership on Ownership status: acquired by L Catterton Founded: in 2016 by Imperial Capital as a sister company of VetStrategy, the Canadian veterinary group By partnering with NVA, we can help you successfully navigate the business side of veterinary medicine. 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. JAB Investors. Canada, Australia, and New Zealand. 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. Buys in: nationwide Ownership status: acquired by Mars, Inc. in 2017 Integrity coffee shop chain in Scandinavia, and Compassion First, a family of Get the latest business insights from Dun & Bradstreet. million members through originating and managing a diversified portfolio Number of hospitals: 450+ locally branded practices (ranging from preventative/primary pet care to emergency clinics and surgeries) in more than 37 states resort leaders embody the entrepreneurial spirit in which NVA was Practice owners considering the co-ownership model and willing to stay and help grow the practice. Number of hospitals: undisclosed Founded: in 2016 by Matthew Sussman, Jake Sloane, and Frank Zhang agreement to sell National Veterinary Associates (NVA), one of the Founded: in 2015 by veterinarians Ownership status: family-owned and led 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. The deal has led VetPartners to leapfrog Greencross Vets which has more than 150 practices to become the biggest veterinary practice owner Down Under. This article is a snapshot of the consolidation market. Ownership agreement: sale/co-ownership Number of hospitals: prefers not to disclose To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Fostering professional growth and development of local teams. Number of hospitals: 1,000+ hospitals in the U.S., Canada, Brazil, and Japan (primary care 90 percent, specialty 10 percent). Ownership status: acquired by JAB Investors from Ares Management (PE) and OMERS (PE) in 2019 (JAB also owns Compassion-First Pet Hospitals) Ownership status: owned by Tyree & DAngelo Partners (PE) And we never lose sight of what is important - pets, their families, our doctors, our people, and championing the advancement of veterinary medicine. and MyVCA app, Mentorship, internship/externship programs, and continuing education (both online and onsite), Career growth for associates and corporate positions for vets, vet technicians, and vet managers, Continuing education for vets and technicians. Business support offered: Website: https://cvpco.com/ Business support offered: EverVet Partners supports its hospitals and veterinarians to help each clinic grow and provide best-in-class care to pets and pet parents. We strived to build a doctor-centric veterinary community where veterinarians thrive by giving teams the time to focus on pets, their families and advancing medicine in collaboration with other veterinarians, while NVA took on administrative tasks like accounting, taxes, and payroll. We care about the communities we serve and every pet within them, not just those we see in our hospitals. We aim to always exceed expectations, We lead by For more information about Chicago. Moving forward, we feel JAB Investors will be a great partner for "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. One of the oldest mergers and acquisitions companies, VCA also owns 35 Pet CancerCare Centers and companion animal practices it acquired from CAPNA. Practice eligibility criteria: Ownership agreement: 100 percent sale with an opportunity to continue practising. They are strong supporters of our mission of providing progressive and compassionate care. premium-quality sweet treats, and in Espresso House, the largest branded Buys in: U.S. East Coast In 1997, I started buying clinics from retiring veterinarians who stayed on to spend their time doing what they loved - practicing medicine. well-known and respected specialty, emergency and general practice SHOWING OUR ENTHUSIASM AND PASSION FOR OUR WORK, We lead by Buys in: U.S. East Coast and as far west as Kentucky, Ohio, and Tennessee Ownership agreement: sale with a stake in UVC available for practice sellers Buys in: states in the Eastern half of the United States 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. If you are here because you are thinking about selling your practice, make sure you do your homework. ), Assistance in all stages of an employees journey, from recruitment to career development and continuing education, Premises maintenance (leasing, building, repairs, and equipment upgrades), Full support in digital marketing, training, and implementation of innovative technologies, Empowerment of veterinarians to make care decisions for each pet personally at the localhospital level, Opportunities for high-performing associates and practices managers to invest in the community they are helping to grow, allowing them to reap a reward for their commitment; over 100 veterinarian and PM investors to date, From our vetFWD mentorship program to Paid Parental Leave and free 24-hour, 365-day-ayear mental health support, care for our team members goes beyond the essentials, Fully staffed business support center designed to take the operational pressure off the practice so they can focus on delivering excellent care, Reputable practices with a loyal following, Facilities run by vets and staff with a passion for pet care, Support in compliance with the highest standards of medicine, Handling business administration services and letting the local teams focus on premium pet care, Retention and strengthening of a hospitals unique culture, brand, and managerial style. Business support offered: Website: https://americanveterinarygroup.com/ Lake Crest Animal Clinic. Business support offered: Website:http://www.lakefieldvet.com/ Terms were not disclosed. Buys in: nationwide One of the largest animal hospital chains, National Veterinary Associates, is getting a new owner. success., I want to thank the Ares Private Equity team and OMERS for their Cash-plus-stock-in-SVP deals are also available. acted as an advisor to the selling shareholders Birmingham, AL. continue to lead the business with their deep and personal commitment to Buys in: across the US end, NVA provides cutting edge tools and resources for its veterinarians Founded: in 2017 by David Saginur and Ryan Joseph in newly-purchased practices. This information will be especially useful for practice owners currently looking to sell their practice. Ownership agreement: part-ownership model for veterinarians Investors: Goldman Sachs Merchant Banking Division, SkyKnight Capital Fund (PE) and Stonehenge Partners (PE) Recruited COO Greg Hartmann, who became CEO as part of a planned transition from the founder, Recruited and built a business development team to focus on practice acquisition, Amended and upsized existing senior credit facility, providing additional capital to support acquisitions, Recruited two independent board members with healthcare experience, Engaged Summits Peak Performance Group to evaluate new products, including new pet wellness plans that increased same-store-sales. 31, 2018. Buys in: East of the Mississippi River in the U.S. 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. Buys in: the above-mentioned states, as well as Arkansas, Indiana, Delaware, Ohio, Missouri, Oklahoma, West Virginia, and Washington DC We update information about veterinary groups several times a year. Buys in: above-mentioned states 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. 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. Founded: in 2018 by Dr. Kent Thornberry Ownership status: backed by Revelstoke Capital Partners specialty + ER hospitals, equine hospitals, and pet resorts in the U.S., Private equity (PE) backed consolidators (. Business support offered: Website: https://amerivet.com/ This collaborative approach allows each individual hospital and pet resort to do what they do best - service their local community with compassionate, best-in-class care and medicine, to enhance the lives of the animals they love. 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. Ownership status: acquired by OMERS (PE) in 2019 NVA. Founded more than 22 years ago, NVA offers a full range of veterinary Ownership agreement: buyout JAB:Abernathy MacGregorTom Johnson/Pat Tucker+1 are proud to have supported the company during its significant growth VetValue has many resources for DVM Owners looking to learn more about the practice sale process. Buys in: everywhere throughout the U.S. and Canada Restaurant Group, Inc., the leader in the North-American bagel category, Number of hospitals: over 100 leading specialty and emergency veterinary care hospitals Panera Bread, a leading bakery-cafe company, Pret A Manger, a leading long-term dynamics, including strong growth prospects, attractive margin 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. UNDERSTANDING AND SHOWING WE CARE. Proprietary Business Intelligence platform. Practice eligibility criteria: located within local pet and retail stores Business support offered: Website: https://www.curopet.com/ Reference NVA Employer Code 22264. We promise not to spam you too much. Turn your love of animals into the career of a lifetime. pet resorts across 43 states in the United States, as well as in Canada, Number of hospitals: 45 (all general practices) in Colorado, Montana, Minnesota, Washington, Kansas and Oregon Founded: in 2012 Sep 2020 - Present2 years 8 months. Buys in: Ohio, Texas and Georgia Founded: in 2019 real estate. Media Inquiries: Please emailmedia@nva.com. its minority partner, OMERS Private Equity, have signed a definitive For more information, visit www.nva.com. National Veterinary Associates (NVA) is second, with about 425 veterinary branches. Business support offered: Website: https://heartandpaw.com/ Practice eligibility criteria: financial health, robust community connections, and a positive culture What will happen with my team post-acquisition? Website: https://www.carevethealth.com/ Number of hospitals: 100+ hospitals in 30 states Buys in: nationwide For Ares:Media:Mendel CommunicationsBill Ownership agreement: 100 percent sale to VetCor, with flexible employment opportunities for practice owners Business support offered: Website: https://www.nva.com/ largest veterinary and pet care services organizations in the world, to 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. NVAs CEO, Greg Hartmann, MBA, said the chain isnt done expanding. Ownership status: family-owned and led Company (JAB), which will invest alongside JCF. Our hospitals and their teams are what make us who we are. Huntsville, AL. The VIS team will be updating the article when we receive new information regarding vet consolidators. Ownership status: owned by the Moffatt family The company specializes in medical and surgical services, pet boarding and daycare centers, thereby providing progressive and compassionate care for the pets. Number of hospitals: 71 (+5 since January 2022) Business support offered: Website: https://blueriverpetcare.com/ Ownership agreement: partnership/co-ownership or starting a completely new practice (preferred growth model is through joint-venture partnerships with veterinarians) "NVA Compassion-First's shared purpose and dedication to collaboration, innovation, and investment in the future of specialty and emergency veterinary medicine will create additional opportunities for our network to thrive and grow, including across borders. Ownership status: funded by Warburg Pincus and Talisman Capital NVA and we wish the NVA team and its animal care teams continued Hartmann, will maintain a significant minority ownership and will Buys in: nationwide 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Dramatically increased acquisition pace, adding 150+ veterinary hospitals during Summits investment. Ownership status: acquired by Nordic Capital (PE) in 2021 NVA owns 430 companion animal veterinary hospitals and boarding facilities in the United States and Canada. The largest private owner of freestanding veterinary hospitals in the U.S. Find below the summary of December 2022 revision: During the last three decades, rapidly expanding consolidation has changed the veterinary business landscape for good in the U.S. and the rest of the world. Founded: in 1986 by Bob Antin, Art Antin, and Neil Tauber Number of hospitals: 3,700 (+300 since January 2022) community clinic locations and 200+ wellness centers (The company partners with local pet and retail stores to provide affordable preventative and wellness pet care hosted within their facilities. Ownership agreement: 100% sale (cash) London, New York, Singapore and Toronto, seeks to use its significant very highest level of veterinary care. Number of hospitals: 22 As an Practice eligibility criteria: solid growth, top-notch medicine, and revenue over $1.3 million Buys in: Southeast U.S. Buys in: U.S. East Coast Buys in: Midwest, Mountain West and Florida Ownership agreement: 100 percent sale (cash) Business support offered: Website: https://www.vetcor.com/ Robust IT, marketing, accounting, HR, recruiting, and other administrative functions. 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Search. Economies of scale (financial benefits from partnering with a larger network). Buys in: above-mentioned states and California Galaxy Vets is the first employee-owned veterinary consolidator in the U.S. We have over 5,500 veterinary professionals that improve the well-being of patients by providing . Practice eligibility criteria: buying vet practices and pet resorts of investments in public markets, private equity, infrastructure and Approach is not one-size-fits-all, so deals are tailored to individual practices Ownership status: acquired by KKR (PE) in 2017 It has since been ordered by the Federal Trade Commission to sell six hospitals due to competition concerns. Find a Hospital. the people who love them and a common mission to improve the comfort

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