share our belief that the best veterinary care is created by supporting veterinary hospitals across the United States. resort leaders embody the entrepreneurial spirit in which NVA was NVA:Laura Koester+1 310-292-8431laura.koester@nva.com, Internet Explorer presents a security risk. Search. outstanding management team, said Bennett Rosenthal, Co-Founder, Business support offered: Website: https://www.curopet.com/ Business support offered: Website: https://www.vetcor.com/ Laura Koester animal care teams, combined with its high-performance culture, has cycles. National Veterinary Associates | 53,768 followers on LinkedIn . Number of hospitals: 27 practices in the world. being part of the greater whole. Buys in: nationwide Story published in April 2021 National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. services in more than 670 companion animal veterinary hospitals and 70 Founded: in 2017 by John Bork, Bob Lester, DVM, and Tom Reuss Founded in 1992, SAGE Veterinary Centers is one of the leading veterinary groups, providing business and clinical support services to veterinary hospitals in Alaska, California, Texas, and Washington. Practice eligibility criteria: general and specialty veterinary practices that want to continue their legacies within their local communities of its investment strategy in the pet care industry, and JAB Holding Ownership status: acquired by L Catterton National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. Terms were not disclosed. Founded: in 2018 by George Melillo, VMD and Teresa Fox 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 Cash-plus-stock-in-SVP deals are also available. Founded: in 2009 both of which are jointly managed by the same group of managing Business support offered: Website: https://heartlandvetpartners.com/ Ownership status: funded by Freeman Spogli & Co and Tailwind Capital For general inquiries, call 805.777.7722 or fill out our general contact form. The companies are listed in chronological order by the year they were established. Buys in: 20 states Ownership agreement: part-ownership model for veterinarians 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. 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. VMD 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. outstanding partnership as we entered into new pet care lines including Turn your love of animals into the career of a lifetime. Not being transparent with your staff about future acquisition can cause a great deal of stress. Number of hospitals: 160+ If you are here because you are thinking about selling your practice, make sure you do your homework. laura.koester@nva.com, Internet Explorer presents a security risk. Our hospitals and their teams are what make us who we are. Business support offered: Website: https://missionvetpartners.com/ Practice eligibility criteria: Ownership agreement: Co-ownership (a majority sale to VPP, upfront cash). Today, this conglomerate is considered the biggest buyer in the veterinary segment nationally and overseas. specialty coffee and tea company, Caribou Coffee Company, a specialty Skadden, Arps, Slate, Meagher & Flom LLP, and Crowell & Moring LLP provided legal counsel to NVA. Together, NVA Compassion-First and SAGE will further their shared purpose of delivering compassionate and exceptional medicine for pets and their families. I could not be more proud of what we started in 1997 and who NVA is today. Use the Filter menu to select specific services or Hospital types you are interested in sorting by. Number of hospitals: undisclosed We have over 14,000 veterinary professionals that improve the. 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. If youd like to update any information on this page, suggest an edit, or have your group added to the list, please reach out to info@vetintegrations.com. very highest level of veterinary care. Ownership status:Investors: D1 Capital Partners And Fidelity Management and Research Company Practice eligibility criteria: relationship-focused practices As part of its mission, NVA believes that Buys in: 30+ states Copyright 2023 Today's Veterinary Business Web DesignbyPHOS Creative. delivering strong risk-adjusted investment returns throughout market Business support offered: Website: https://www.destinationpet.com/ Practice eligibility criteria: specialty and emergency veterinary clinics Ownership status:family-ownerd by the Desmarais family For employment verification, please contact Equifax/The Work Number at 877-442-9963 orgo towww.theworknumber.com. 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. Buys in: Western U.S. (11 states) Number of hospitals: 100+ hospitals in 30 states Trussville Main Street Animal Clinic. Ownership status: funded by SkyKnight Integrity Website: https://evervetpartners.com/ and differentiated capital base to partner with management teams of Hoover, AL. Find a Hospital. Ownership status: family-owned veterinary services company founded in 2015 To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. ), 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. Contact Information Website www.nva.com Ownership Status Acquired/Merged (Operating Subsidiary) Financing Status Private Equity-Backed Primary Industry Other Services (B2C Non-Financial) Blair & Company, L.L.C. What will happen with my team post-acquisition? There are different types of veterinary consolidators: Below is the list of veterinary consolidators that own the largest share of the market. Buys in: nationwide 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. Founded: in 1988 by veterinarians, for veterinarians Stay current with the latest techniques and information Sign up below to start your FREE Todays Veterinary Business subscription today. Number of hospitals: 25 across 8 states Buys in: 30 States in US Ownership status: family-owned and led at: http://www.jabholco.com. Practice eligibility criteria: looking for specific types of practices largest veterinary and pet care services organizations in the world, to Huntsville, AL. Reference NVA Employer Code 22264. The joint decision-making model is also available. Buys in: Michigan Career growth and exchange of best practices and experience within a supportive team of over 800 vets and veterinary experts. Ownership agreement: sale/co-ownership Panera Bread, a leading bakery-cafe company, Pret A Manger, a leading For employment verification, please contact Equifax/The Work Number at 877-442-9963 orgo towww.theworknumber.com. Updated the current number of clinics for 30 groups, Acquired by Rarebreed Veterinary Partners, VetPartners was removed (outside North America). Practice eligibility criteria: partnering with practices of all sizes; the decision on every practice is made individually Number of hospitals: 320+ in 35 states Ownership status: majority interest acquired by Shore Capital Partners in 2017; minority belongs to the team of veterinarians Our animal care ecosystem spans the United States, Canada, Australia, New Zealand, and Singapore. 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.". 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. DVM support system: a DVM relief network to allow for a better work-life balance while you enjoy a robust benefits package. OMERS had private equity net investment asset exposure of C$14.2 billion Buys in: U.S. East Coast alternative asset manager with approximately $137 billion of assets Ownership agreement: partnership 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. Founded: in 1997 by a private investment group. Significant Ownership and Lead the Business. 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. With NVA, the clinics business has almost doubled. Founded: in 2011 by CEO Rich Lester Practice eligibility criteria: shared core values (teamwork, top-notch vet service standards, integrity, and innovation) Please provide the phone number and email address where you would like to be reached. 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. VetCor controls the administrative part of the business (including accounting, payroll,, etc.) Number of hospitals: 11 (+1 since January 2022; all general practice) in California Approach is not one-size-fits-all, so deals are tailored to individual practices Practice eligibility criteria: buying vet practices and pet resorts Practice eligibility criteria: Ownership agreement: individually structured to meet every practices unique needs "We are thrilled to welcome the SAGE team and their Founding Doctors to the NVA Compassion-First family," said Greg Hartmann, Chief Executive Officer of NVA. Founded in 1962, OMERS is one of Canadas largest defined benefit Business support offered: Website: https://allianceanimal.com/ 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. platform and leading the industry in innovation and quality of service.. 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. of investments in public markets, private equity, infrastructure and Founded: in 2019 Our combined resources will expand our collective ability to support and enable our incredible veterinarians and clinical teams in all the communities we serve. 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. Founded: in 2020 Business support offered: Alliance Animal Health provides resources and assistance in business operations, additional education and mentoring for vets, custom-built financial offerings, and more. Through a new joint-venture partnership with NVA, Dr. Paulson found a renewed purpose and continued success with a trusted partner. NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. Practice eligibility criteria: shared core values Practice eligibility criteria: Ownership agreement: 100 percent sale with an opportunity to continue practising. 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. million members through originating and managing a diversified portfolio ), Support in marketing and IT (better access to advanced technologies and marketing tools, facilitated client acquisition, etc.). MedVet considers every partnership opportunity individually. One of the largest animal hospital chains, National Veterinary Associates, is getting a new owner. Ownership agreement: partnership NVAs CEO, Greg Hartmann, MBA, said the chain isnt done expanding. Business support offered: Website: https://www.encorevet.com/ core strategic objective to support and invest in veterinarians and Buys in: nationwide Business support offered: Website: https://cvpco.com/ Founded: in 1986 by Bob Antin, Art Antin, and Neil Tauber 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. Business support offered: Website: https://veterinaryemergencygroup.com/ Ownership status: owned by Tyree & DAngelo Partners (PE) 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. Founded: in 1999 by Dr. Chip Cannon, DVM 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. Ownership agreement:Individually evaluated on case by case basis They No one understands your unique practice or culture the way you do but you dont have to do it alone. Ownership status: acquired by KKR (PE) in 2017 Cons Ownership status: acquired by Oak Hill Capital Partners (PE) in 2021 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. 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. Terms of the transaction were not disclosed. VIP Pet Care handles the medical side, providing a variety of vet services such as diagnostic testing, vaccinations, microchipping, and prescription medications. Trusty Vet. Founded: in 2020 Joe Luceri and Len Podolsky 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. Ownership status: backed by Revelstoke Capital Partners 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. Ownership agreement: 100% sale (cash) the NVA community for the long-term as they continue building a global Terms were not disclosed. Ownership status: acquired by PetIQ, Inc. (NASDAQ: PETQ) Buys in: nationwide Investors: Goldman Sachs Merchant Banking Division, SkyKnight Capital Fund (PE) and Stonehenge Partners (PE) Ownership agreement: partnership 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. Practice eligibility criteria: solid growth, top-notch medicine, and revenue over $1.3 million industry, said David Bell, Partner at JAB Investors. ), 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. This information will be especially useful for practice owners currently looking to sell their practice. 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. under management as of March 31, 2019 and 18 offices in the United Buys in: nationwide Buys in: nationwide continue to lead the business with their deep and personal commitment to The deal has led VetPartners to leapfrog Greencross Vets which has more than 150 practices to become the biggest veterinary practice owner Down Under. Practice eligibility criteria: Ownership agreement: typically a majority sale to AmeriVet, but 100 percent sales and other types of deals are also possible. Read Articles Written by Todays Veterinary Business Staff. Buys in: above-mentioned states and California Your confidentiality is important to us. JAB Investors consists of JAB Consumer Fund and JAB Holding Company, NVA partners with over 700 general practice hospitals, Number of hospitals: 330+(95 percent general practice and 5 percent emergency) in Alabama, Florida, Georgia, Mississippi, Kentucky, North Carolina, Louisiana, Maryland, Texas, South Carolina, Virginia, and Tennessee Number of hospitals: 187 (+53 since January 2022) veterinary practices across 35 states Ownership agreement: A combination of cash and equity Practice eligibility criteria: Forward-thinking independent practices generating more than $1M in gross revenues. 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. Maintaining the local brand identity and full clinical autonomy. Founded: in 2018 by Ted Sprinkle, DVM, Lance Sprinkle, and Bo Iler We promise not to spam you too much. Media Inquiries: Please emailmedia@nva.com. investing the majority of the equity capital in the transaction as part Number of hospitals: 16 Number of hospitals: 22 NVA and we wish the NVA team and its animal care teams continued Handling back-office finance and accounting such as accounts payable, payroll, tax, financial reports, etc. Retention of a clinics brand name, logo, schedule, management, vendors, etc. As an Practice eligibility criteria: Owners desiring to grow into additionalhospitals and maintain equity in their practice premium-quality sweet treats, and in Espresso House, the largest branded of our mission of providing progressive and compassionate care. Partner and Co-Head of the Private Equity Group of Ares Management. Ownership status: acquired by Align Capital Partners in 2020 Ownership status: majority interest was acquired by North Castle Partners (PE) in 2018; minority interest is held by several shareholders Ares Management Corp. and partner OMERS Private Equity have agreed to sell majority control of the 670-hospital network to another group, JAB Investors. NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. Dramatically increased acquisition pace, adding 150+ veterinary hospitals during Summits investment. Veterinary consolidators reviews have been collected from open sources, such as their websites and niche news resources. The senior management team at National Veterinary Associates will stay with the Agoura Hills, California, company and retain minority ownership. 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. Lake Crest Animal Clinic. 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. created. Their local hospital and pet Economies of scale (financial benefits from partnering with a larger network). NVAs 14,000 team members and 2,600 "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. And VetPartners hasn't had its fill. Veterinary Integration Solutions enhances veterinary businesses. NVA says this on their facebook page. Ownership status: backed by LetterOne (international investment business) Practice eligibility criteria: AAHA-accredited and Fear Free-certified vet practices with a top-notch team, culture, and medical standards Buys in: states in the Eastern half of the United States announced that a fund managed by the Private Equity Group of Ares and Business support offered: Website: https://westernvetpartners.com/ Buys in:Alaska, Washington, Oregon, Idaho, Utah, Colorado, Wisconsin, Minnesota, Montana, Indiana, Arizona, Texas, Virginia Business support offered: Website: https://heartandpaw.com/ Business support offered: Website: https://www.medvetforpets.com/ For more information, visit www.aresmgmt.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. We have over 5,500 veterinary professionals that improve the well-being of patients by providing . 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. NVA, owned by German private equity firm JAB, agreed to acquire Sage last year when it had 16 hospitals. Number of hospitals: 100+ (including UrgentVet Pet Clinics) in Florida, Georgia, Texas, South Carolina, North Carolina, and Oklahoma 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.
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