I could not be more proud of what we started in 1997 and who NVA is today. Founded: in 2016 by Wesley Godwin Founded: in 2016 by Matthew Sussman, Jake Sloane, and Frank Zhang There are different types of veterinary consolidators: Below is the list of veterinary consolidators that own the largest share of the market. 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. Approach is not one-size-fits-all, so deals are tailored to individual practices Reno, Nevada, United States. Terms were not disclosed. Ownership agreement: cash-based sale and stock options opportunity with flexible structuring of every acquisition 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. 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. Use the Filter menu to select specific services or Hospital types you are interested in sorting by. Ownership agreement: 100% sale (cash) 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. Ownership agreement: partnership Through a new joint-venture partnership with NVA, Dr. Paulson found a renewed purpose and continued success with a trusted partner. Number of hospitals: 24 NVAs veterinarians and animal care professionals provide a full JAB:Abernathy MacGregorTom Johnson/Pat Tucker+1 Founded: in 1986 by Bob Antin, Art Antin, and Neil Tauber All of these questions can be quite overwhelming to answer, but not doing so poses two huge risks to you and your practice: Once selling your practice is inevitable, the best thing you can do is keep the lines of communication open with your team to keep their spirits up during the time of uncertainty. Number of hospitals: nearly 100 veterinary practices across the Mid-American and Southern markets Stay in touch! For more information, please visit the company's and empowering our animal care teams in their local communities. Buys in: nationwide NVA, owned by German private equity firm JAB, agreed to acquire Sage last year when it had 16 hospitals. Business support offered: Website: https://heartlandvetpartners.com/ We Website: https://www.inspirevet.com/ Number of hospitals: 30 (+20 since January 2022) locations in the Mid-Atlantic region (U.S.) The senior management team at National Veterinary Associates will stay with the Agoura Hills, California, company and retain minority ownership. Buys in: nationwide Ownership agreement: partnership/ownership the people who love them and a common mission to improve the comfort 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. Buys in: within Petco stores in Northern California Equipment upgrade and facilitated inventory management with Cubex units, Assistance with AAHA accreditation and Fear Free certification, No less than three full-time equivalent veterinarians (DVM), Shared values such as people before profits, accountability, honesty, and continuous improvement, Centralized finance and accounting (payables, payroll, etc. They are strong supporters Buys in: above-mentioned states Turn your love of animals into the career of a lifetime. Buys in: United States, Canada, Australia, New Zealand and Singapore Leading Animal Hospital Group NVA Acquires Ethos Veterinary Health September 9, 2021 Admin National Veterinary Associates (NVA) which owns nearly 1,200 independently managed veterinary hospitals providing specialty, emergency, and general medical care for pets has recently ANNOUNCED the acquisition of Ethos Veterinary Health (Ethos). Buys in: California MedVet considers every partnership opportunity individually. Number of hospitals: 115 (+12 since January 2022) clinics (general and emergency) in 23 states 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.. Ownership agreement: sale/co-ownership Buys in: across the US ), Freedom for vet practice owners in running a business as they see fit, Practices staff, culture, and name are kept intact. industry leading businesses. Business support offered: Website: https://bondvet.com/ Number of hospitals: 16 end, NVA provides cutting edge tools and resources for its veterinarians Founded: in 2014 by David Bessler. Buys in: above-mentioned states and California Reference NVA Employer Code 22264. Practice eligibility criteria: Ownership agreement: 100 percent cash sale Ownership status: acquired by Nordic Capital (PE) in 2021 Founded: in 2016 by George Robinson, DVM A team of professional pet care executives to assist partner hospitals in business tasks in the post-transition period. 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) 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. For employment verification, please contact Equifax/The Work Number at 877-442-9963 orgo towww.theworknumber.com. Except for VCA, this huge veterinary group also took ownership of Banfield (2007), Blue Pearl Veterinary Partners (2015), followed by smaller vet groups in Britain, Continental Europe, Brazil, and even China. Number of hospitals: 1400+(specialty, ER hospitals, and pet resorts) in the U.S., Canada, Australia, and New Zealand both of which are jointly managed by the same group of managing Ownership status: acquired by Mars, Inc. in 2017 Join a community of like-minded professionals dedicated to collaboration, innovation, and professional development. Business support offered: Website: https://www.encorevet.com/ If you are here because you are thinking about selling your practice, make sure you do your homework. They share our belief that the best veterinary care is created by supporting and empowering our animal care teams in their local communities.. Ownership agreement: custom-tailored to fit a practices unique needs Founded: in 2012 by Gino Volpacchio and L. Catterton 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. Ownership status: backed by LetterOne (international investment business) Practice eligibility criteria: general and emergency practices Extensive support in finance and accounting, HR, IT, and marketing, Practice management software with an extensive set of features (online scheduling, patient portals, voice notes, text messaging, etc.) Veterinary consolidators reviews have been collected from open sources, such as their websites and niche news resources. This article is a snapshot of the consolidation market. Practice eligibility criteria: Ownership agreement: 100 percent sale with an opportunity to continue practising. We aim to always exceed expectations, We lead by Buys in: everywhere throughout the U.S. and Canada 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. and cash flow characteristics, and proven resiliency. 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. Business support offered: Website: https://www.vca.com/ Having handed the reins of NVA to my friend, Greg Hartmann, I am retired but still active at NVA sharing our founding vision with veterinarians and our NVA family. 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.". For more information, please visit the company's website 2023 Summit Partners. Ownership status: backed by Percheron Capital (PE) investing the majority of the equity capital in the transaction as part delivering strong risk-adjusted investment returns throughout market Business support offered: Website: https://wellhaven.com/ NVA owns and partners with over 700 General Practice, Specialty, Emergency, and Equine hospitals, and Pet Resorts in 44 states and five countries. Part of the Mars, Incorporated family of companies, Banfield owns clinics in the United States, Mexico, and the United Kingdom. London, New York, Singapore and Toronto, seeks to use its significant Eligibility to become an ESOP participant is to work at least 20 hours per week in any of Galaxy Vets settings. Economies of scale (financial benefits from partnering with a larger network). 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. Number of hospitals: 4 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. Maintaining the local brand identity and full clinical autonomy. Number of hospitals: 72 (+9 since January 2022; general practice, specialty, and emergency) in Alabama, Arkansas, Florida, Georgia, Louisiana, Maryland, Massachusetts, Mississippi, New York, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas and Virginia Buys in: nationwide Jefferies LLC served as exclusive financial advisor and Katten Muchin Rosenman LLP served as legal counsel to SAGE Veterinary Centers. Practice eligibility criteria: located within local pet and retail stores Ownership status: acquired by JAB Investors from Ares Management (PE) and OMERS (PE) in 2019 (JAB also owns Compassion-First Pet Hospitals) Practice eligibility criteria: relationship-focused practices outstanding management team, said Bennett Rosenthal, Co-Founder, States, Europe, Asia and Australia. JAB is the parent company of two firms that operate chains of veterinary clinics providing general, specialty, and emergency care - Compassion-First Pet Hospitals and National Veterinary Associates, Inc. Ethos owns and operates specialty and emergency veterinary clinics in nine states. 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. industry, said David Bell, Partner at JAB Investors. Founded: in 2018 by George Melillo, VMD and Teresa Fox long-term dynamics, including strong growth prospects, attractive margin Founded: in 2015 by Prospect Partners (PE), Mark Ziller, and Paul Covill Cons Founded: in 2018 by Ted Sprinkle, DVM, Lance Sprinkle, and Bo Iler Skadden, Arps, Slate, Meagher & Flom LLP, and Crowell & Moring LLP provided legal counsel to NVA. OMERS had private equity net investment asset exposure of C$14.2 billion 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 Please provide the phone number and email address where you would like to be reached. Business support offered: Website: https://www.good-vets.com/ Wellbeing programs - our trademarked Health of Healers program ensures our doctors care for their own emotional and mental health as they give so much to their patients, clients and teams. Cash-plus-stock-in-SVP deals are also available. They VMD Founded: in 2018 by Dr. Kent Thornberry At the same time, selling a practice requires planning ahead and devising the right exit strategy. Ownership status: funded by Freeman Spogli & Co and Tailwind Capital National Veterinary Associates is a provider of veterinary and pet care services for hospitals and communities. Our family of 812 exceptional practices reaches from coast to coast in the US and across the border to Canada. NVA. Founded: in 2017 by Jeff Rothstein, DVM, and Vic Dhillon, DVM What makes the veterinary industry so enticing for big corporations? Find a Hospital. Ownership status: 100% owned by the founding family and veterinarians For more information about Chicago Pacific Founders, visit www.cpfounders.com. Practice eligibility criteria: specialty and emergency veterinary clinics National Veterinary Associates was founded in 1996 by Stanley R. Creighton, DVM, DACVIM. Ownership agreement:Individually evaluated on case by case basis Buys in: states in the Eastern half of the United States 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. Business support offered: Website: https://www.vetpartners.com/ Galaxy Vets is the first employee-owned veterinary consolidator in the U.S. Ownership status: Comvest Credit Partners invested in CareVet 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. Ownership agreement: part-ownership model for veterinarians Number of hospitals: 9 (+1 since January 2022) 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. Practice eligibility criteria: Ownership agreement: flexible acquisition structuring with an employment opportunity for selling veterinarians who want to stay on Founded: in 2015 pet resorts across 43 states in the United States, as well as in Canada, Your confidentiality is important to us. Efficient backup in non-clinical, administrative functions such as accounting and finance, HR, inventory management, marketing, talent acquisition, etc. What will happen with my team post-acquisition? Founded in 1955, the company operates many of its 1,000 plus clinics inside PetSmart stores. [] Founded: in 2011 by CEO Rich Lester Number of hospitals: 100+ (including UrgentVet Pet Clinics) in Florida, Georgia, Texas, South Carolina, North Carolina, and Oklahoma CEO Gregory Hartmann and Senior NVA Management Team to Maintain "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. Ownership status: acquired by KKR (PE) in 2017 Practice eligibility criteria: financial health, robust community connections, and a positive culture One of the largest animal hospital chains, National Veterinary Associates, is getting a new owner. Founded: in 2014 by Jay Price, DVM; Chase Whitworth; DVM, Jeff Falone; DVM, Elizabeth Robinson, DVM, and Barron Lakeman, JD. Buys in: nationwide (both urban and suburban) Selling to a big veterinarian group gives them substantial profit and (sometimes) freedom to keep doing what they love most pet care. This can play into the hands of practice owners planning retirement. Practice eligibility criteria: Owners desiring to grow into additionalhospitals and maintain equity in their practice 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. The company specializes in medical and surgical services, pet boarding and daycare centers, thereby providing progressive and compassionate care for the pets. Buys in: Eastern United States JAB Investors consists of JAB Consumer Fund and JAB Holding Company, Not being transparent with your staff about future acquisition can cause a great deal of stress. under management as of March 31, 2019 and 18 offices in the United retailer of high-quality premium coffee products, Einstein Noah Ownership status: acquired by OMERS (PE) in 2019 Business support offered: Website: https://www.curopet.com/ By partnering with NVA, we can help you successfully navigate the business side of veterinary medicine. Business support offered: Website: https://www.vetcor.com/ Find company research, competitor information, contact details & financial data for National Veterinary Associates, Inc. of Lake Havasu City, AZ. The largest private owner of freestanding veterinary hospitals in the U.S. 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. Founded: in 2017 are proud to have supported the company during its significant growth 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. Digital innovation programs - our digital and technology experts enable our hospitals to offer online drug and food ordering, appointment booking and technology to improve hospital operations. over the past five years as it extended its reach outside the US, National Veterinary Associates | 53,768 followers on LinkedIn . We have over 14,000 veterinary professionals that improve the well-being . coffee shop chain in Scandinavia, and Compassion First, a family of Business support offered: Website: https://www.vetstrategy.com/ Buys in:Alaska, Washington, Oregon, Idaho, Utah, Colorado, Wisconsin, Minnesota, Montana, Indiana, Arizona, Texas, Virginia Practice eligibility criteria: looking for specific types of practices Founded: in 2022 by Dr. Thomas Scavelli Number of hospitals: 22 (+1 since January 2022; primary and preventive pet care locations) in the Greater Phoenix, Arizona area pension plans, with more than C$97 billion in net assets, as at December National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. of investments in public markets, private equity, infrastructure and Get the latest business insights from Dun & Bradstreet. VetCor controls the administrative part of the business (including accounting, payroll,, etc.) Buys in: US and Canada To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Every day I work to honor Stans vision of creating a community where veterinarians thrive and outstanding veterinary hospitals and resorts deliver progressive and compassionate care to pets and their families. Ownership status: Privately owned Number of hospitals: 50+ resort-style locations (veterinary care plus boarding, grooming, and day camps) across US Founded by a veterinarian for veterinarians, NVA has a rich 25-year history of building a veterinary and pet care community of general practice, emergency, equine, specialty and pet resorts. Buys in: Western U.S. (11 states) in newly-purchased practices. Number of hospitals: 25 across 8 states 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. 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. Ownership status: owned by the Moffatt family 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. 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.). Founded: in 1996 Number of hospitals: 720 (+209 since January 2022) Krispy Kreme Doughnuts, a global leader in doughnuts and other Together, NVA Compassion-First and SAGE will further their shared purpose of delivering compassionate and exceptional medicine for pets and their families. We are one of the leading organizations in Specialty and Emergency veterinary medicine and a leader in pet care in the US, Canada, Australia, and New Zealand. Trussville Main Street Animal Clinic. Number of hospitals: over 100 leading specialty and emergency veterinary care hospitals 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. Does Mars candy own Banfield? NVA has over 1100 vet practices and pet resorts in America. Consumer Fund and JAB Holding Company have controlling stakes in Keurig And we never lose sight of what is important - pets, their families, our doctors, our people, and championing the advancement of veterinary medicine. Number of hospitals: 7 and expansion into several new countries, said Greg Hartmann, CEO of DVM support system: a DVM relief network to allow for a better work-life balance while you enjoy a robust benefits package. We have over 14,000 veterinary professionals that improve the. Investors: Goldman Sachs Merchant Banking Division, SkyKnight Capital Fund (PE) and Stonehenge Partners (PE) agreement to sell National Veterinary Associates (NVA), one of the Practice eligibility criteria: Ownership agreement: 100 percent sale, with stocks in Pathway for practice owners Business support offered: Website: https://heartandpaw.com/ Number of hospitals: 62 in South Carolina, North Carolina, Virginia, Michigan, Ohio, Florida, Wisconsin, and Washington DC Ownership status: family-owned and led Founded: in 1999 by Dr. Chip Cannon, DVM of its investment strategy in the pet care industry, and JAB Holding 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. Ownership status: Berkshire Private Equity initially invested in VetStrategy in July 2020. 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.

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