Ownership agreement: cash-based sale and stock options opportunity with flexible structuring of every acquisition For employment verification, please contact Equifax/The Work Number at 877-442-9963 orgo towww.theworknumber.com. At the same time, selling a practice requires planning ahead and devising the right exit strategy. We develop a team of individual hospitals and pet resorts that share knowledge to achieve sustainable growth. 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. With NVA, the clinics business has almost doubled. Founded: in 2018 by Ted Sprinkle, DVM, Lance Sprinkle, and Bo Iler NVA:Laura Koester+1 310-292-8431laura.koester@nva.com, Internet Explorer presents a security risk. Business support they offer: Website: https://www.caraveterinary.com/ 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. Business support offered: Website: https://bluepearlvet.com/ NVA has over 1100 vet practices and pet resorts in America. VetCor controls the administrative part of the business (including accounting, payroll,, etc.) 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. ), 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. alternative asset manager with approximately $137 billion of assets Number of hospitals: 450+ locally branded practices (ranging from preventative/primary pet care to emergency clinics and surgeries) in more than 37 states Business support offered: Website: https://thevetspets.com/ The senior management team at National Veterinary Associates will stay with the Agoura Hills, California, company and retain minority ownership. Our family of 812 exceptional practices reaches from coast to coast in the US and across the border to Canada. 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. Assistance in operations and administrative tasks including management, purchasing, IT, finance/accounting, renovations, equipment upgrades, etc. Buys in: West and Southwest US Ares believes each of its three distinct but complementary Terms were not disclosed. its minority partner, OMERS Private Equity, have signed a definitive Blair & Company, L.L.C. ), 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. It has since been ordered by the Federal Trade Commission to sell six hospitals due to competition concerns. Ownership status: Comvest Credit Partners invested in CareVet Number of hospitals: 360+ hospitals in all Canadian provinces Business support offered: Website: https://www.destinationpet.com/ Practice eligibility criteria: Ownership agreement: 100 percent sale To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Business support offered: Website: https://www.mypetsvetgroup.com/ Approach is not one-size-fits-all, so deals are tailored to individual practices Rooted in a culture of compassion, innovation . The deal has led VetPartners to leapfrog Greencross Vets which has more than 150 practices to become the biggest veterinary practice owner Down Under. Founded:in 1996 by brothers Neil and Darryl Shaw, DVM, DACVIM. Subscribe to our weekly newsletter and receive hot news from the veterinary industry straight out of the oven. They 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. JAB expands its veterinary hospital holdings with the purchase from two other investors. 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: nationwide For more information, please visit the company's website Ownership status:family-ownerd by the Desmarais family 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. 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 veterinary hospitals across the United States. Buying a cash business like a companion animal practice is considered a safe and lucrative investment for private entities looking to gain profit and diversify their portfolio. Part of the Mars, Incorporated family of companies, Banfield owns clinics in the United States, Mexico, and the United Kingdom. Practice eligibility criteria: Ownership agreement: part-ownership model for veterinarians and key administrators Number of hospitals: undisclosed ), 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. investing the majority of the equity capital in the transaction as part 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. veterinary medicine is best practiced when veterinarians craft their own NVA owns 430 companion animal veterinary hospitals and boarding facilities in the United States and Canada. Since its inception in 1997, Ares Buys in: above-mentioned states We update information about veterinary groups several times a year. company in the ready-to-eat food market, Peet's Coffee & Tea, a premier 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. Ownership status: acquired by Mars, Inc. in 2017 Search. JAB:Abernathy MacGregorTom Johnson/Pat Tucker+1 And VetPartners hasn't had its fill. Founded: in 2019 by Steven Eidelman & Ben Jacobs Number of hospitals: 71 (+5 since January 2022) By partnering with NVA, we can help you successfully navigate the business side of veterinary medicine. Together, NVA Compassion-First and SAGE will further their shared purpose of delivering compassionate and exceptional medicine for pets and their families. as at December 31, 2018. Huntsville, AL. 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. Ownership status: acquired by L Catterton Ownership status: owned and led by a small group of vets and vet professionals; Capricorn Healthcare (PE) Ownership status: veterinarian-owned (formed by Shore Capital Partners (PE)) LOS ANGELES & LUXEMBOURG--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) and JAB Investors today Ownership agreement: 100% sale (cash) largest veterinary and pet care services organizations in the world, to 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. Veterinary consolidators reviews have been collected from open sources, such as their websites and niche news resources. Locate a hospital near you, Book An Appointment, or get contact information. Founded: in 1986 by Bob Antin, Art Antin, and Neil Tauber Practice eligibility criteria: Forward-thinking independent practices generating more than $1M in gross revenues. 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. ), 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://valleyveterinarycare.com/ Practice eligibility criteria: general and emergency practices Ownership agreement: cash-based sale with flexible structuring of every acquisition Buys in: nationwide Practice eligibility criteria: financial health, robust community connections, and a positive culture National Veterinary Associates was founded in 1996 by Stanley R. Creighton, DVM, DACVIM. range of medical and surgical services. Join the National Veterinary Associates team See Our Latest Jobs 5.0 Current Employee One of the better corporations Mar 9, 2023 - Practice Manager Recommend CEO Approval Business Outlook Pros One of the few veterinarian corporations that will act like a silent partner and not attempt to make too many changes to your hospital. Practice eligibility criteria: Ownership agreement: flexible acquisition structuring with an employment opportunity for selling veterinarians who want to stay on 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://www.thrivepetcare.com/ Ownership agreement: partnership/ownership Number of hospitals: 36 (+7 since January 2022) emergency 24/7 locations in 12 states Ownership status: owned by AEA Investors LP and a wholly owned subsidiary of the Abu Dhabi Investment Authority Buys in: US and Canada National Veterinary Associates (NVA) is one of the largest private owners of freestanding veterinary hospitals in the United . 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. Dramatically increased acquisition pace, adding 150+ veterinary hospitals during Summits investment. We care about the communities we serve and every pet within them, not just those we see in our hospitals. We promise not to spam you too much. and well-being of animals by providing progressive and compassionate 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 OMERS Private Equity, the private equity created. of its investment strategy in the pet care industry, and JAB Holding Ownership agreement: flexible deal structures designed to meet the unique needs of each practice owner Ownership status: backed by Waud Capital Partners (PE) since 2018 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. Founded in 1962, OMERS is one of Canadas largest defined benefit 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. 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. Practice eligibility criteria: Ownership agreement: From 51 percent to 100 percent sale (majority to SVP). Business support offered: Website: https://missionvetpartners.com/ NVA partners with over 700 general practice hospitals, Founded: in 2012 by Andrew Moffatt, BVSc, MBA, and his wife Joanna Moffatt 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. Number of hospitals: 9 (+1 since January 2022) 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. ), Support in marketing and IT (better access to advanced technologies and marketing tools, facilitated client acquisition, etc.). Buys in: East of the Mississippi River in the U.S. 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. under management as of March 31, 2019 and 18 offices in the United Dr. Daniel Holub and Dr. Robert Bauml wanted to cash in on their sweat equity with a partner that respected the way they practiced medicine. 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. Our hospitals and their teams are what make us who we are. Ares Management Corp. and partner OMERS Private Equity have agreed to sell majority control of the 670-hospital network to another group, JAB Investors. 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 Our combined resources will expand our collective ability to support and enable our incredible veterinarians and clinical teams in all the communities we serve. Founded: in 2006 by co-founders Litman and Jon Shell We are grateful for the opportunity to have partnered with NVAs Ownership status: funded by SkyKnight NVA is a leading global veterinary community of over 1,150 independently managed veterinary hospitals providing specialty, emergency, and general medical care united in the love of animals and the people who love them. 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. Use the Filter menu to select specific services or Hospital types you are interested in sorting by. Due to the accelerating pace of veterinary consolidation today, it is hard to estimate the real number of company-owned vet practices. Business support offered: Website: https://wellhaven.com/ Ownership status: a majority interest acquired by Crane Group in 2016 Founded: in 2017 by Jeff Rothstein, DVM, and Vic Dhillon, DVM For more information, visit www.aresmgmt.com. Media Inquiries: Please emailmedia@nva.com. NVAs 14,000 team members and 2,600 Ownership agreement: custom-tailored to fit a practices unique needs London, New York, Singapore and Toronto, seeks to use its significant announced that a fund managed by the Private Equity Group of Ares and Number of hospitals: 62 in South Carolina, North Carolina, Virginia, Michigan, Ohio, Florida, Wisconsin, and Washington DC Under Greg Hartmanns leadership, NVA has continued its rapid growth trajectory. Business support offered: Website: https://galaxyvets.com/ success., I want to thank the Ares Private Equity team and OMERS for their Canada, Australia, and New Zealand. real estate. Number of hospitals: 1400+(specialty, ER hospitals, and pet resorts) in the U.S., Canada, Australia, and New Zealand 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 . They share our belief that the best veterinary care is created by supporting and empowering our animal care teams in their local communities.. NVA owns and partners with over 700 General Practice, Specialty, Emergency, and Equine hospitals, and Pet Resorts in 44 states and five countries. The company specializes in medical and surgical services, pet boarding and daycare centers, thereby providing progressive and compassionate care for the pets. National Veterinary Associates | 53,768 followers on LinkedIn . Cash-plus-stock-in-SVP deals are also available. Sep 2020 - Present2 years 8 months. Business support offered: Website: https://westernvetpartners.com/ Also partners with pet resorts and daycare locations looking to add veterinary to their services. Practice eligibility criteria: Ownership agreement: 100 percent cash sale Lunch and learn (onsite lectures by vet specialists tailored to meet individual hospitals needs). Today, this conglomerate is considered the biggest buyer in the veterinary segment nationally and overseas. Please fill out the form below if you want to receive new versions by email. Number of hospitals: 22 (+1 since January 2022; primary and preventive pet care locations) in the Greater Phoenix, Arizona area Ares Management Corp. and partner OMERS Private Equity have agreed to sell majority control of the 670-hospital network to another group, JAB Investors. Dr. Gretchen Hutts passions include the practice she founded, spending time with her family and traveling the world. NVA is one of the largest veterinary and pet care services organizations Ownership status: owned by Tyree & DAngelo Partners (PE) Founded: in 2017 by Bob Singleton in the world. Practice eligibility criteria: Ownership agreement: 100 percent sale, with stocks in Pathway for practice owners and differentiated capital base to partner with management teams of investment arm of OMERS with a team of investment professionals in 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.)
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