Ownership status: acquired by Oak Hill Capital Partners (PE) in 2021 31, 2018. Number of hospitals: 50+ resort-style locations (veterinary care plus boarding, grooming, and day camps) across US Panera Bread, a leading bakery-cafe company, Pret A Manger, a leading Ownership agreement: 100 percent or majority sale to Innovetive PetCare Buys in: US Moving forward, we feel JAB Investors will be a great partner for us as we focus on our next phase of growth, he said. veterinary medicine is best practiced when veterinarians craft their own Founded: in 2018 Our combined resources will expand our collective ability to support and enable our incredible veterinarians and clinical teams in all the communities we serve. Egberts (JDE), the largest pure-play FMCG coffee company in the world, We believe medicine is best practiced when . Practice eligibility criteria: Ownership agreement: 100 percent sale OMERS invests and administers pensions for nearly a half a Business support offered: Website: https://www.destinationpet.com/ Updated the current number of clinics for 30 groups, Acquired by Rarebreed Veterinary Partners, VetPartners was removed (outside North America). Practice eligibility criteria: Ownership agreement: 100 percent sale with investment opportunities for practice owners (joint venture) Buys in: the above-mentioned states, as well as Arkansas, Indiana, Delaware, Ohio, Missouri, Oklahoma, West Virginia, and Washington DC 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. Founded: in 2018 by Dr. Kent Thornberry Buys in: Western U.S. (11 states) ), HR, talent acquisition, and marketing, Buying new equipment and handling facility, technology, and software upgrades, Consistent support from MVPs regional medical director and operations manager, Benefits (401(k) plans, CE, PTO, and healthcare), Keeping the local brand and culture intact, Back-end support in operations and administrative tasks, Career opportunities and staff benefits for full-time employees, Continued focus on the business Local Brand and Culture, Employee benefits package (Healthcare, 401k, PTO, CE), Unrivaled expert support to ensure success, Practices with a great culture and prominent leadership potential, Retention of brand identity and practices unique approaches to medicine, Relieving administrative burdens (accounting, payroll, HR, marketing, operations, etc. under management as of March 31, 2019 and 18 offices in the United Practice eligibility criteria: shared core values 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. Rooted in a culture of compassion, innovation . Business support offered: Website: https://www.curopet.com/ Founded in 1962, OMERS is one of Canadas largest defined benefit Blair & Company, L.L.C. Buys in: Southeast U.S. People-centric culture, a data-driven approach to successful employee experience and burnout prevention strategy based on years of research in organizational psychology and healthcare that addresses the key causes of burnout in veterinary teams. McAdory Veterinary Clinic. We promise not to spam you too much. Buys in: Bay Area, Pacific Northwest, and Rocky Mountains Ownership agreement: A combination of cash and equity Can I stay with my practice or this is the end? Business support offered: Website: https://heartandpaw.com/ For the love of animals and the people who love them. Business support offered: Website: https://westernvetpartners.com/ Lunch and learn (onsite lectures by vet specialists tailored to meet individual hospitals needs). Hospital support: Assistance with all the back office functions (marketing, human resources, etc. Business support offered: Website: https://rarebreedvet.com/ Business support offered: Website: https://www.vippetcare.com/ pension plans, with more than C$97 billion in net assets, as at December Dramatically increased acquisition pace, adding 150+ veterinary hospitals during Summits investment. Manage Products and Account Information Support Americas +1 212 318 2000 EMEA +44 20 7330 7500 Asia Pacific +65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg. 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. 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. Practice eligibility criteria: Ownership agreement: 100 percent or majority sale to Encore, with stakes in Encore for practice sellers and associates available. Founded more than 22 years ago, NVA offers a full range of veterinary Founded: in 2017 by Peter Brown and Edward Haughey Mendel, 212-397-1030bill@mendelcommunications.comorInvestors:Carl Birmingham, AL. Buys in: 30 States in US and well-being of animals by providing progressive and compassionate 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. McCalla, AL. 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://galaxyvets.com/ In November 2021, VetStrategy merged with IVC Evidensia. Contact Information Website www.nva.com Ownership Status Acquired/Merged (Operating Subsidiary) Financing Status Private Equity-Backed Primary Industry Other Services (B2C Non-Financial) There are different types of veterinary consolidators: Below is the list of veterinary consolidators that own the largest share of the market. Business support offered: Website:http://www.lakefieldvet.com/ Buys in: Michigan Robust IT, marketing, accounting, HR, recruiting, and other administrative functions. JAB Holding Company is also the largest shareholder in Coty Inc., a global leader in beauty, and owns a controlling stake in luxury goods company Bally. Number of hospitals: 31 Media Inquiries: Please emailmedia@nva.com. Founded: in 2014 by Jay Price, DVM; Chase Whitworth; DVM, Jeff Falone; DVM, Elizabeth Robinson, DVM, and Barron Lakeman, JD. Together, JAB Ares approach to best serve the needs of their local communities. Consumer Fund and JAB Holding Company have controlling stakes in Keurig Practice eligibility criteria: located within local pet and retail stores Founded: in 2011 by CEO Rich Lester Buys in: nationwide Following a comprehensive review of potential partners, SAGE and Chicago Pacific Founders, SAGE's investor, selected NVA Compassion-First as the new home for the SAGE network of hospitals. 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. At the same time, selling a practice requires planning ahead and devising the right exit strategy. Founded: in 1984 agreement to sell National Veterinary Associates (NVA), one of the 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. and cash flow characteristics, and proven resiliency. The companies are listed in chronological order by the year they were established. Quality-focused, clinician-driven culture, Assistance in finance and accounting, reporting, HR, recruitment, purchasing, marketing, business analytics, media relations, IT, and if required onsite management, Clinician-driven model maintained, compliance support with Medical Quality Standards, The requirement to use BluePearls Patient Safety Event Reporting platform one year after acquisition, Participation in clinical studies, with internships and post-DVM training opportunities, Expert back-office assistance (accounting, legal, operations, and marketing), Advanced technology (IT Help Desk, Client Service Center, etc. 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. Practice eligibility criteria: AAHA-accredited and Fear Free-certified vet practices with a top-notch team, culture, and medical standards Number of hospitals: 4 Business support offered: Website: https://thevetspets.com/ Cons 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. Business support offered: Website: https://www.vca.com/ Locate a hospital near you, Book An Appointment, or get contact information. Number of hospitals: undisclosed Founded: in 1999 by Dr. Chip Cannon, DVM Business support offered: Website: https://allianceanimal.com/ JAB Investors consists of JAB Consumer Fund and JAB Holding Company, VetCor Locations | Veterinary Clinics Economies of scale (financial benefits from partnering with a larger network). Ownership status: backed by Percheron Capital (PE) Galaxy Vets is the first employee-owned veterinary consolidator in the U.S. Our Story | NVA - National Veterinary Associates I could not be more proud of what we started in 1997 and who NVA is today. accelerated its acquisitions, invested in new pet segments such as pet resort leaders embody the entrepreneurial spirit in which NVA was Ownership status:Investors: D1 Capital Partners And Fidelity Management and Research Company Buys in: everywhere throughout the U.S. and Canada Business support offered: Website: https://www.medvetforpets.com/ "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. very highest level of veterinary care. created an ecosystem which attracts exceptional people to provide the Buys in: above-mentioned states Number of hospitals: 62 in South Carolina, North Carolina, Virginia, Michigan, Ohio, Florida, Wisconsin, and Washington DC National Veterinary Associates | 53,768 followers on LinkedIn . 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. Website: https://www.modernanimal.com/ Practice eligibility criteria: Ownership agreement: part-ownership model for veterinarians and key administrators ), 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. VetCor controls the administrative part of the business (including accounting, payroll,, etc.) Business support offered: Website: https://www.petparadise.com/ globally. Ownership status: majority interest acquired by Shore Capital Partners in 2017; minority belongs to the team of veterinarians Business support offered: Website: https://bluepearlvet.com/ Founded:in 2014, by Mollie Hoff, President and Chief Operating Officer Founded: in 2017 by John Bork, Bob Lester, DVM, and Tom Reuss NVA is a growing community of more than 1,400 general practice clinics, emergency hospitals, equine practices, specialty hospitals, and pet resorts. It will not surprise you to find out those same companies-with a few new players-are still growing in 2019. Ownership status: acquired by Mars, Inc. in 2017 Stay in touch! 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.). Story published in April 2021 National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. NVA, owned by German private equity firm JAB, agreed to acquire Sage last year when it had 16 hospitals. Private equity (PE) backed consolidators (. Ownership agreement: sale with a stake in UVC available for practice sellers Join a community of like-minded professionals dedicated to collaboration, innovation, and professional development. Ownership status: majority interest was acquired by North Castle Partners (PE) in 2018; minority interest is held by several shareholders [] In 1997, I started buying clinics from retiring veterinarians who stayed on to spend their time doing what they loved - practicing medicine. Founded: in 2017 by David Saginur and Ryan Joseph Dr. Gretchen Hutts passions include the practice she founded, spending time with her family and traveling the world. DVM support system: a DVM relief network to allow for a better work-life balance while you enjoy a robust benefits package. National Veterinary Associates Careers and Employment in US Summit Partners | Companies | National Veterinary Associates
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