has adhered to a disciplined investment philosophy that focuses on 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. Founded: in 2014 by David Bessler. Their local hospital and pet Read Articles Written by Todays Veterinary Business Staff. Buys in: nationwide NVAs senior management team, including CEO Greg Website: https://www.carevethealth.com/ Today, our dynamic community has grown to over 1,400 hospitals and resorts across the worldincluding general practices, equine practices, specialty and emergency hospitals, and pet resorts. alternative asset manager with approximately $137 billion of assets Founded:in 2014, by Mollie Hoff, President and Chief Operating Officer Rooted in a culture of compassion, innovation . Founded:in 1996 by brothers Neil and Darryl Shaw, DVM, DACVIM. What type of buyout am I to choose? JAB Holding Company is also the largest shareholder in Coty Inc., a 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. What makes the veterinary industry so enticing for big corporations? Number of hospitals: 25 across 8 states Founded in 1955, the company operates many of its 1,000 plus clinics inside PetSmart stores. We develop a team of individual hospitals and pet resorts that share knowledge to achieve sustainable growth. of its investment strategy in the pet care industry, and JAB Holding Our animal care ecosystem spans the United States, Canada, Australia, New Zealand, and Singapore. largest veterinary and pet care services organizations in the world, to Founded: in 2017 NVA. Practice eligibility criteria: Ownership agreement: individually structured to meet every practices unique needs Number of hospitals: 187 (+53 since January 2022) veterinary practices across 35 states Practice eligibility criteria: individually decided 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. delivering strong risk-adjusted investment returns throughout market To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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) Founded in 1962, OMERS is one of Canadas largest defined benefit Maintaining the local brand identity and full clinical autonomy. Ownership agreement: partnership pension plans, with more than C$97 billion in net assets, as at December well-known and respected specialty, emergency and general practice laura.koester@nva.com, Internet Explorer presents a security risk. Ownership status: a majority interest acquired by Crane Group in 2016 Practice eligibility criteria: Ownership agreement: 100 percent or majority sale to Encore, with stakes in Encore for practice sellers and associates available. 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. 2023 Summit Partners. This information will be especially useful for practice owners currently looking to sell their practice. At the same time, selling a practice requires planning ahead and devising the right exit strategy. Canada, Australia, and New Zealand. outstanding partnership as we entered into new pet care lines including of investments in public markets, private equity, infrastructure and Sep 2020 - Present2 years 8 months. Buys in: nationwide Buys in: California 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. VetPartners is owned by California-based National Veterinary Associates (NVA), one of the largest corporate consolidators in the U.S. 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. Selling to a big veterinarian group gives them substantial profit and (sometimes) freedom to keep doing what they love most pet care. Cash-plus-stock-in-SVP deals are also available. Founded: in 2018 by George Melillo, VMD and Teresa Fox 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 Ownership status: Berkshire Private Equity initially invested in VetStrategy in July 2020. National Veterinary Associates | 47,285 followers on LinkedIn. Buys in: West and Southwest US Buys in: under certain circumstances in newly-purchased practices. Buys in: U.S. East Coast and as far west as Kentucky, Ohio, and Tennessee Drake, 800-340-6597cdrake@aresmgmt.comorPriscila All rights reserved. Business support offered: Website: https://www.petparadise.com/ Practice eligibility criteria: Ownership agreement: Co-ownership (a majority sale to VPP, upfront cash). 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. One of the largest animal hospital chains, National Veterinary Associates, is getting a new owner. Fostering professional growth and development of local teams. Number of hospitals: 71 (+5 since January 2022) Buys in: above-mentioned states 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. Wealthy family enterprises (such as Mars in the U.S. or the Desmarais family in Canada) buy vet clinics or smaller vet groups to diversify their sources of income. being part of the greater whole. Consumer Fund and JAB Holding Company have controlling stakes in Keurig Updated the current number of clinics for 30 groups, Acquired by Rarebreed Veterinary Partners, VetPartners was removed (outside North America). Our family of 812 exceptional practices reaches from coast to coast in the US and across the border to Canada. at: http://www.jabholco.com. 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 services while allowing veterinarians to focus on delivering outstanding patient care. Number of hospitals: prefers not to disclose Hoover, AL. Ownership agreement: buyout If you decide to sell your practice on the spur of the moment, without a sound exit strategy, you risk selling your legacy short and to the wrong people. Founded: in 2018 by Ted Sprinkle, DVM, Lance Sprinkle, and Bo Iler With NVA, the clinics business has almost doubled. "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. Number of hospitals: 4 Ownership status: acquired by KKR (PE) in 2017 Ownership status: Privately/employee-owned (ESOP model) Business support offered: Website: http://veterinaryunited.com/ As an Buys in: U.S. East Coast To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Founded: in 1999 by Dr. Chip Cannon, DVM Ownership status: backed by LetterOne (international investment business) Number of hospitals: 7 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. Can I stay with my practice or this is the end? Number of hospitals: 1,000+ hospitals in the U.S., Canada, Brazil, and Japan (primary care 90 percent, specialty 10 percent). in the transaction. and expansion into several new countries, said Greg Hartmann, CEO of CityVet Leadership Academy to turn vets into leaders and leaders into owners, Centralized back-office assistance (marketing/communications, finance, HR, construction, and development), High-level standards in veterinary and boarding/daycare, A team of operations specialists and regional managers, Retain the identity and culture of practice, Access our integrated national veterinary network, Career and leadership development opportunities, Comprehensive administration services (including accounting, payroll, banking, taxes, etc. Business support offered: Website: https://www.petvetcarecenters.com/ Veterinary consolidators reviews have been collected from open sources, such as their websites and niche news resources. Buys in: the above-mentioned states, as well as Arkansas, Indiana, Delaware, Ohio, Missouri, Oklahoma, West Virginia, and Washington DC NVA and we wish the NVA team and its animal care teams continued Ownership status: backed by Revelstoke Capital Partners Our doctors and pet care teams share best practices, medical knowledge, innovation and insights. [] Ownership agreement: partnership long-term dynamics, including strong growth prospects, attractive margin The joint decision-making model is also available. For general inquiries, call 805.777.7722 or fill out our general contact form. Ownership status: funded by Warburg Pincus and Talisman Capital ), 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. Founded: in 2019 Number of hospitals: 100+ hospitals in 30 states Panera Bread, a leading bakery-cafe company, Pret A Manger, a leading 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. Buys in: U.S. East Coast And VetPartners hasn't had its fill. The companies are listed in chronological order by the year they were established. National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. CPF actively looks to partner with organizations focused on delivering the highest quality of service to patients and providers. Egberts (JDE), the largest pure-play FMCG coffee company in the world, Huntsville, AL. Founded: in 2020 Joe Luceri and Len Podolsky Practice eligibility criteria: Ownership agreement: From 51 percent to 100 percent sale (majority to SVP). Earlier in 2019, JAB Investors bought its way into the veterinary industry with the $1.2 billion purchase of Compassion-First Pet Hospitals, which at the time operated 41 specialty, emergency and general practices and today has 42. In 1997, I started buying clinics from retiring veterinarians who stayed on to spend their time doing what they loved - practicing medicine. Number of hospitals: 27 practices Founded: in 2018 real estate. For more information, visit www.nva.com. Together, NVA Compassion-First and SAGE will further their shared purpose of delivering compassionate and exceptional medicine for pets and their families. "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. Mars is now the owner of nearly 2,000 veterinary practices in North America, about two-thirds of all corporate-owned hospitals in the country. Business support offered: Website: https://www.vippetcare.com/ VetCor controls the administrative part of the business (including accounting, payroll,, etc.) Founded in 1986, VCA is a family of hometown animal hospitals committed to making a positive impact for pets, people, and our communities. Integrity Ownership status:family-ownerd by the Desmarais family 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. Number of hospitals: 100+ 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: individually decided Ares Ownership agreement: earn-out National Veterinary Associates (NVA) is one of the largest private owners of freestanding veterinary hospitals in the United . cycles. Practice eligibility criteria: shared core values 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 We bring proven processes, modern technologies, and our deep domain expertise to the rapidly growing veterinary consolidation market. Ownership status: funded by Freeman Spogli & Co and Tailwind Capital 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.. Business support offered: Website: https://americanveterinarygroup.com/ Hear from practice owners and veterinarians who have chosen NVA as their trusted partner and community. 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. 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. OMERS invests and administers pensions for nearly a half a About National Veterinary Associates (NVA) NVA is a leading global veterinary community of more than 1,400 independently managed veterinary hospitals providing specialty, emergency, and general medical care as well as more than 100 pet resorts. National Veterinary Associates website. Buys in: Mid-Atlantic, Midwest, Northeast and Southeast Buys in: nationwide Number of hospitals: nearly 100 veterinary practices across the Mid-American and Southern markets Reference NVA Employer Code 22264. Buys in: nationwide coffee shop chain in Scandinavia, and Compassion First, a family of JAB Investors. 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 . Buys in: US and Canada 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. Buys in: United States, Canada, Australia, New Zealand and Singapore From the first successful acquisition of an animal clinic by VCA back in 1987, other big players followed the example, and the number of veterinary consolidators started to grow exponentially. We promise not to spam you too much. the NVA community for the long-term as they continue building a global Not being transparent with your staff about future acquisition can cause a great deal of stress. Practice eligibility criteria: Forward-thinking independent practices generating more than $1M in gross revenues. Ownership agreement: part-ownership model for veterinarians AGOURA HILLS, Calif. & CONCORD, Calif.--(BUSINESS WIRE)--National Veterinary Associates ("NVA"), a global community of 1,150 best-in-class veterinary hospitals and SAGE Veterinary Centers ("SAGE"), a premier provider of specialty and emergency medicine, today announced that SAGE has agreed to join forces with NVA Compassion-First, NVA's specialty and emergency veterinary group. Founded: in 2021 and empowering our animal care teams in their local communities.
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