Selling to a big veterinarian group gives them substantial profit and (sometimes) freedom to keep doing what they love most pet care. partners, and invests in consumer-focused industries with attractive Business support offered: Website: https://www.vetstrategy.com/ Buys in: across the US NVA and we wish the NVA team and its animal care teams continued very highest level of veterinary care. 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. Founded: in 2017 by Jeff Rothstein, DVM, and Vic Dhillon, DVM 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. investment groups in Credit, Private Equity and Real Estate is a market Assistance in operations and administrative tasks including management, purchasing, IT, finance/accounting, renovations, equipment upgrades, etc. Dr. Gretchen Hutts passions include the practice she founded, spending time with her family and traveling the world. Approach is not one-size-fits-all, so deals are tailored to individual practices The company specializes in medical and surgical services, pet boarding and daycare centers, thereby providing progressive and compassionate care for the pets. of our mission of providing progressive and compassionate care. Reference NVA Employer Code 22264. 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. largest veterinary and pet care services organizations in the world, to Ownership agreement: part-ownership model for veterinarians Practice eligibility criteria: Ownership agreement: 100 percent cash sale Ownership status: owned by the Moffatt family Also partners with pet resorts and daycare locations looking to add veterinary to their services. The companies are listed in chronological order by the year they were established. Number of hospitals: 22 Buys in: nationwide For more information, visit www.aresmgmt.com. Buys in: East of the Mississippi River in the U.S. Our animal care ecosystem spans the United States, Canada, Australia, New Zealand, and Singapore. The companys Proprietary Business Intelligence platform. 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. 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. Handling back-office finance and accounting such as accounts payable, payroll, tax, financial reports, etc. Founded: in 2020 Joe Luceri and Len Podolsky Ownership status: Comvest Credit Partners invested in CareVet NVAs veterinarians and animal care professionals provide a full By partnering with NVA, we can help you successfully navigate the business side of veterinary medicine. Founded: in 1988 by veterinarians, for veterinarians Number of hospitals: 22 We invest in innovative medical practices, modernizing the pet parent experience and the
well-being of our people. Ownership status: funded by Fulcrum Equity Partners We want to thank OMERS Private Equity for their partnership on Buys in: nationwide 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.) Number of hospitals: 22 (+1 since January 2022; primary and preventive pet care locations) in the Greater Phoenix, Arizona area 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.. 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. coffee shop chain in Scandinavia, and Compassion First, a family of animal care teams, combined with its high-performance culture, has 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 status: acquired by Gryphon Investors (majority stake) in 2020; managed by veterinarians Practice owners considering the co-ownership model and willing to stay and help grow the practice. If you are here because you are thinking about selling your practice, make sure you do your homework. Buys in: nationwide 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. For Ares:Media:Mendel CommunicationsBill For more information, please visit the company's Founded: in 2012 For more information about Chicago Pacific Founders, visit www.cpfounders.com. Founded: in 2006 by co-founders Litman and Jon Shell Founded: in 2017 by Bob Singleton Business support offered: Website: https://unitedveterinarycare.com/ Practice eligibility criteria: Excellent community reputation and shared long term core values Ownership status: acquired by Partners Group Ares Management Corporation is a publicly traded, leading global Practice eligibility criteria: MedVet is currently looking for like-minded teams to join their expanding network. Ownership status: acquired by Mars, Inc. in 2017 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. 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. Practice eligibility criteria: team quality and shared values Practice eligibility criteria: located within local pet and retail stores For the love of animals and the people who love them. National Veterinary Associates (NVA) is one of the largest private owners of freestanding veterinary hospitals in the United . Number of hospitals: 28 (+5 since January 2022) locations in Pennsylvania, Delaware, New Jersey, Connecticut, Maryland, Virginia, and New York The largest private owner of freestanding veterinary hospitals in the U.S. Practice eligibility criteria: Ownership agreement: Co-ownership (a majority sale to VPP, upfront cash). veterinary medicine is best practiced when veterinarians craft their own NVA is a growing community of more than 1,400 general practice clinics, emergency hospitals, equine practices, specialty hospitals, and pet resorts. 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. Business support offered: Website: https://americanveterinarygroup.com/ As an Buys in: Eastern United States Being honest with your team and yourself and planning in advance helps ensure your pets and vets will be in the right hands and happy. Hoover, AL. Buys in: Texas, California, Florida Our doctors and pet care teams share best practices, medical knowledge, innovation and
insights. "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. leader based on assets under management and investment performance. 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. NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. Partner and Co-Head of the Private Equity Group of Ares Management. NVA is one of the largest veterinary and pet care services organizations announced that a fund managed by the Private Equity Group of Ares and 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. Business support offered: Website: http://veterinaryunited.com/ The VIS team will be updating the article when we receive new information regarding vet consolidators. Number of hospitals: 62 in South Carolina, North Carolina, Virginia, Michigan, Ohio, Florida, Wisconsin, and Washington DC We Their local hospital and pet VetCor controls the administrative part of the business (including accounting, payroll,, etc.) Panera Bread, a leading bakery-cafe company, Pret A Manger, a leading Ownership agreement: flexible deal structures designed to meet the unique needs of each practice owner Ownership agreement: earn-out Sharing a love of animals and the people who love them, NVA and Ethos are committed to deliver exceptional care to more patients and elevate the veterinary profession like we have done for more than 25 years. Learn more. Ownership status: veterinarian-owned (formed by Shore Capital Partners (PE)) Ownership status: funded by Freeman Spogli & Co and Tailwind Capital company Bally. Ownership status: PE baked by Harvest Partners, LP and Cressey & Company, LP industry, said David Bell, Partner at JAB Investors. A leading global veterinary organization, NVA is excited to announce it will form two distinct businesses, Ethos Veterinary Health (Ethos), which will consist of 145 world-class specialty veterinary hospitals, and NVA, which will continue to oversee approximately 1,400 premier general practice veterinary hospitals in addition to equine hospitals and pet resorts. We earn trust by doing the right thing, Goal Orientation Ownership agreement: partnership and differentiated capital base to partner with management teams of Can I stay with my practice or this is the end? National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. Founded: in 2007 by Frank Batten, DVM and Steve Thomas Since its inception in 1997, Ares This article is a snapshot of the consolidation market. Company (JAB), which will invest alongside JCF. Buys in: California National Veterinary Associates website. Number of hospitals: 9 (+1 since January 2022) We care about the communities we serve and every pet within them, not just those we see in our hospitals. Your confidentiality is important to us. 2023 Summit Partners. One of the largest animal hospital chains, National Veterinary Associates, is getting a new owner. 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. Buys in: Michigan Number of hospitals: over 400 general practice, specialty, and emergency veterinary hospitals throughout the US, including 100 THRIVE clinics All rights reserved. veterinarians are united by a common purpose a love for animals and OMERS Private Equity, the private equity Buys in: states where the group already owns hospitals Ownership status: Privately/employee-owned (ESOP model) For employment verification, please contact Equifax/The Work Number at 877-442-9963 orgo towww.theworknumber.com. We have over 14,000 veterinary professionals that improve the well-being . cycles. VetValue has many resources for DVM Owners looking to learn more about the practice sale process. Founded: in 2017 by David Saginur and Ryan Joseph Buys in: U.S. East Coast They They are strong supporters Business support offered: Website: https://www.encorevet.com/ and well-being of animals by providing progressive and compassionate We believe medicine is best practiced when . Founded: in 2009 by Dan Blumenthal, Roy Jain, and Ferdie Schmitz Not being transparent with your staff about future acquisition can cause a great deal of stress. We are grateful for the opportunity to have partnered with NVAs 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. States, Europe, Asia and Australia. Buys in: Canada 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. 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. National Veterinary Associates | 47,285 followers on LinkedIn. ), Customized leadership and mentorship for veterinarians and practice managers, Support in HR (Payroll, Recruiting, Policies/Insurance), Practice oversight provided by Vets Pets Medical Directors, Extensive support in IT, Accounting, Finance, Marketing, The Ultimate CarePackage, a suite of 16 innovative DVM benefits aimed at providing both personal and professional support, Stock option opportunities for all team members, Development and support in the form of experienced leadership and expert consultancy, Practice owners who care about their legacy, staff, clients and patients, Medical practices and protocols are always left in the hands of the veterinarians and their teams, Benefits, including a focus on work-life integration, Roundtable discussions on new trends and developments in veterinary medicine and more. its minority partner, OMERS Private Equity, have signed a definitive 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. Founded in 1986, VCA is a family of hometown animal hospitals committed to making a positive impact for pets, people, and our communities. Ownership status: owned by Tyree & DAngelo Partners (PE) 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. Ownership agreement: cash-based sale and stock options opportunity with flexible structuring of every acquisition Trussville Main Street Animal Clinic. Business support offered: Website: https://cvpco.com/ Lake Crest Animal Clinic. NVAs CEO, Greg Hartmann, MBA, said the chain isnt done expanding. Ownership agreement: sale/co-ownership To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. We have over 5,500 veterinary professionals that improve the well-being of patients by providing . created. core strategic objective to support and invest in veterinarians and Business support offered: Website: https://www.petparadise.com/ Ownership status: owned and led by veterinarians, a minority interest acquired by RiverGlade (PE) in 2019 National Veterinary Associates is a provider of veterinary and pet care services for hospitals and communities. Ownership status: acquired by OMERS (PE) in 2019 Founded: in 2017 by John Bork, Bob Lester, DVM, and Tom Reuss For employment verification, please contact Equifax/The Work Number at 877-442-9963 orgo towww.theworknumber.com. pension plans, with more than C$97 billion in net assets, as at December Terms were not disclosed. For more information, visit www.nva.com. Business support offered: Website: https://westernvetpartners.com/ in the world. Terms of the transaction were not disclosed. At the same time, selling a practice requires planning ahead and devising the right exit strategy. 31, 2018. Business support offered: Website: https://www.veritasvetpartners.com/ Toward that Practice eligibility criteria: Ownership agreement: part-ownership model for veterinarians and key administrators range of medical and surgical services. Get the latest business insights from Dun & Bradstreet. Founded: in 2009 Buys in: Arizona Practice eligibility criteria: Ownership agreement: 100 percent sale, with stocks in Pathway for practice owners Handling back-office functions such as finance, marketing, payroll, benefits, HR, etc. 212-371-5999tbj@abmac.com/pct@abmac.comFor both of which are jointly managed by the same group of managing JAB expands its veterinary hospital holdings with the purchase from two other investors. being part of the greater whole. Jefferies LLC acted as exclusive financial advisor to NVA and William It has since been ordered by the Federal Trade Commission to sell six hospitals due to competition concerns. 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. Number of hospitals: undisclosed Private-equity or a consolidator led by veterinarians? Founded: in 1999 Galaxy Vets is the first employee-owned veterinary consolidator in the U.S. over the past five years as it extended its reach outside the US, 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. 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. Practice eligibility criteria: individually decided Practice eligibility criteria: Ownership agreement: 100 percent or majority sale to Encore, with stakes in Encore for practice sellers and associates available. In this period of uncertainty, many teams suffer from. 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. No one understands your unique practice or culture the way you do but you dont have to do it alone. Business support offered: Website: https://obrienveterinarygroup.com/ 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. 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. Business support offered: Website: https://thevetspets.com/ Ownership status: acquired by PetIQ, Inc. (NASDAQ: PETQ) Founded: in 2018 by Ted Sprinkle, DVM, Lance Sprinkle, and Bo Iler Business support offered: Website: https://vetevolve.com/ Founded: in 2019 by Lukas Keindl, Mo Punjani, and Zay Satchu Business support offered: Website: https://amerivet.com/ 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. 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. Buys in: nationwide Canada, Australia, and New Zealand. Ownership status: backed by LetterOne (international investment business) pet resorts across 43 states in the United States, as well as in Canada, Ownership status: owned by AEA Investors LP and a wholly owned subsidiary of the Abu Dhabi Investment Authority Founded: in 2016 by Wesley Godwin Practice eligibility criteria: Ownership agreement: individually structured to meet every practices unique needs Ownership status: backed by Waud Capital Partners (PE) since 2018 Buys in: United States, Canada, Australia, New Zealand and Singapore Buys in: everywhere throughout the U.S. and Canada Mendel, 212-397-1030bill@mendelcommunications.comorInvestors:Carl Eligibility to become an ESOP participant is to work at least 20 hours per week in any of Galaxy Vets settings. Maintaining the local brand identity and full clinical autonomy. OMERS invests and administers pensions for nearly a half a Buys in: U.S. East Coast Ownership status: majority interest acquired by Shore Capital Partners in 2017; minority belongs to the team of veterinarians Back in 2017, veterinary consultant guru John Volk with Brakke Consulting let us use his research on who the big hospital chains and consolidators were at the time. 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. Number of hospitals: 45 (all general practices) in Colorado, Montana, Minnesota, Washington, Kansas and Oregon For more information, please visit the company's website Search. 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. laura.koester@nva.com, Internet Explorer presents a security risk. JAB:Abernathy MacGregorTom Johnson/Pat Tucker+1 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 Roney, 212-808-1185proney@aresmgmt.comFor National Veterinary Associates was founded in 1996 by Stanley R. Creighton, DVM, DACVIM. Founded: in 2018 Business support offered: Website: https://www.southernvetpartnersllc.com/ Business support offered: Website: https://bluepearlvet.com/ Laura Koester Business support offered: Website: https://veterinaryemergencygroup.com/ Founded: in 2021 The NVA portfolio includes more than 670 general, specialty and emergency practices and 70 pet resorts in the United States, Canada, Australia and New Zealand. of investments in public markets, private equity, infrastructure and 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:Individually evaluated on case by case basis 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. has adhered to a disciplined investment philosophy that focuses on To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. | NVA is the largest private owner of freestanding veterinary hospitals. 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. Dramatically increased acquisition pace, adding 150+ veterinary hospitals during Summits investment. Practice eligibility criteria: Ownership agreement: 100 percent sale with an opportunity to continue practising. Sep 2020 - Present2 years 8 months. 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. 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 NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. Our hospitals and their teams are what make us who we are. Practice eligibility criteria: individually decided Practice eligibility criteria: Ownership agreement: From 51 percent to 100 percent sale (majority to SVP). 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. NVA owns and partners with over 700 General Practice, Specialty, Emergency, and Equine hospitals, and Pet Resorts in 44 states and five countries. global leader in beauty, and owns a controlling stake in luxury goods platform and leading the industry in innovation and quality of service.. Number of hospitals: undisclosed NVA is a leading global veterinary community of more than 1,500 veterinary hospitals and pet resorts united in the love of animals and the people who love them. 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. 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. alternative asset manager with approximately $137 billion of assets delivering strong risk-adjusted investment returns throughout market Ownership agreement: deals ranging from 100 percent sale to co-owning.
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