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. Business support offered: Website: https://bluepearlvet.com/ to deliver the most advanced high-quality care and client services. Founded: in 2022 by Dr. Thomas Scavelli They are strong supporters Ownership status: funded by SkyKnight Number of hospitals: 360+ hospitals in all Canadian provinces Krispy Kreme Doughnuts, a global leader in doughnuts and other being part of the greater whole. Ownership status: owned by AEA Investors LP and a wholly owned subsidiary of the Abu Dhabi Investment Authority Practice eligibility criteria: Ownership agreement: typically a majority sale to AmeriVet, but 100 percent sales and other types of deals are also possible. With NVA, the clinics business has almost doubled. Buys in: states in the Eastern half of the United States Practice eligibility criteria: Ownership agreement: flexible acquisition structuring with an employment opportunity for selling veterinarians who want to stay on Founded: in 2009 Founded in 1986, VCA is a family of hometown animal hospitals committed to making a positive impact for pets, people, and our communities. Buys in: across the US Ownership agreement: partnership For more information, visit www.nva.com. 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. CPF actively looks to partner with organizations focused on delivering the highest quality of service to patients and providers. Please provide the phone number and email address where you would like to be reached. Buys in: US Founded: in 2016 by George Robinson, DVM Business support offered: Website:http://www.lakefieldvet.com/ Partner and Co-Head of the Private Equity Group of Ares Management. under management as of March 31, 2019 and 18 offices in the United Ownership status: family-owned National Veterinary Associates (NVA) is one of the largest private owners of freestanding veterinary hospitals in the United . 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. Buys in: U.S. East Coast and as far west as Kentucky, Ohio, and Tennessee 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. Her NVA partnership gives her more time off while maintaining a stable, growing practice. Business support offered: Website: https://heartandpaw.com/ Number of hospitals: 160+ MedVet considers every partnership opportunity individually. Birmingham, AL. care. Number of hospitals: 168 (+12 since January 2022) Ownership status: 100% owned by the founding family and veterinarians Number of hospitals: undisclosed We promise not to spam you too much. Number of hospitals: 115 (+12 since January 2022) clinics (general and emergency) in 23 states Ownership agreement: partnership/ownership Founded: in 2017 by Bob Singleton JAB Investors. Ownership status: funded by Warburg Pincus and Talisman Capital Ares Management Corp. and partner OMERS Private Equity have agreed to sell majority control of the 670-hospital network to another group, JAB Investors. range of medical and surgical services. JAB Holding Company is also the largest shareholder in Coty Inc., a global leader in beauty, and owns a controlling stake in luxury goods company Bally. Number of hospitals: 100+ (including UrgentVet Pet Clinics) in Florida, Georgia, Texas, South Carolina, North Carolina, and Oklahoma Founded: in 2019 Locate a hospital near you, Book An Appointment, or get contact information. Reno, Nevada, United States. well-known and respected specialty, emergency and general practice 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. More . Blair & Company, L.L.C. Buys in:Pacific Northwest Media Inquiries: Please emailmedia@nva.com. very highest level of veterinary care. We develop a team of individual hospitals and pet resorts that share knowledge to achieve sustainable growth. leader based on assets under management and investment performance. Does Mars candy own Banfield? the people who love them and a common mission to improve the comfort Under Greg Hartmanns leadership, NVA has continued its rapid growth trajectory. 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. Business support offered: Website: https://www.vetstrategy.com/ 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. 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. the profession. Practice eligibility criteria: individually decided 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. premium-quality sweet treats, and in Espresso House, the largest branded Founded: in 2002 by Fred Goldsmith Business support offered: Website: https://www.nva.com/ Company (JAB), which will invest alongside JCF. For more information, please visit the company's the NVA community for the long-term as they continue building a global 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.". 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. Buys in: Michigan Practice eligibility criteria: located within local pet and retail stores We develop a team of individual hospitals and pet resorts that share knowledge to achieve sustainable growth. 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. Who bought out National Veterinary Associates? Please provide the phone number and email address where you would like to be reached. Sep 2020 - Present2 years 8 months. Founded: in 1986 by Bob Antin, Art Antin, and Neil Tauber Founded: in 1995 For more information, please visitwww.omersprivateequity.com. Practice eligibility criteria: Ownership agreement: 100 percent sale with investment opportunities for practice owners (joint venture) Practice eligibility criteria: Ownership agreement: From 51 percent to 100 percent sale (majority to SVP). Ownership status: backed by Percheron Capital (PE) Business support offered: Website: https://valleyveterinarycare.com/ acted as an advisor to the selling shareholders and well-being of animals by providing progressive and compassionate Practice eligibility criteria: individually decided NVA owns and partners with over 700 General Practice, Specialty, Emergency, and Equine hospitals, and Pet Resorts in 44 states and five countries. Founded: in 2017 by David Saginur and Ryan Joseph Number of hospitals: 22 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. Ownership agreement: 100 percent sale only (no joint venture models) as long-term family ownership is Cara Veterinarys primary objective Buys in: nationwide NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. Founded: in 2012 VetValue has many resources for DVM Owners looking to learn more about the practice sale process. ), 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. Improved operational efficiency through HQ-staffed telehealth and hands-on growth lever implementation, including centralized recruiting, vendor management, inventory management, and workflow optimization. Founded: in 2020 created. Business support they offer: Website: https://www.caraveterinary.com/ NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. The companys Dr Pepper, a leader in the North American beverage market, Jacobs Douwe Ownership agreement: deals ranging from 100 percent sale to co-owning. Buys in: Canada NVA is one of the largest veterinary and pet care services organizations are proud to have supported the company during its significant growth Ownership status: family-owned and led Ownership status: family-owned veterinary services company founded in 2015 Fostering professional growth and development of local teams. 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. largest veterinary and pet care services organizations in the world, to Business support offered: Website: https://wellhaven.com/ 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Ownership status: owned by Tyree & DAngelo Partners (PE) 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. Business support offered: Website: https://www.vetcor.com/ Number of hospitals: 187 (+53 since January 2022) veterinary practices across 35 states accelerated its acquisitions, invested in new pet segments such as pet Eligibility to become an ESOP participant is to work at least 20 hours per week in any of Galaxy Vets settings. alternative asset manager with approximately $137 billion of assets Business support offered: Website: https://www.medvetforpets.com/ NVA is owned by JAB Holdings, a company that is owned by the Reimann family. Search. Website: https://www.arizonapetvet.com/ 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. Number of hospitals: 125+ in 17 states Ownership status: acquired by KKR (PE) in 2017 over the past five years as it extended its reach outside the US, CEO Gregory Hartmann and Senior NVA Management Team to Maintain National Veterinary Associates (NVA) Website: https://www.nva.com/ Founded: in 1996 Ownership status: acquired by JAB Investors from Ares Management (PE) and OMERS (PE) in 2019 (JAB also owns Compassion-First Pet Hospitals) Number of hospitals: 1400+ (specialty, ER hospitals, and pet resorts) in the U.S., Canada, Australia, and New Zealand Buys in: US and Canada Buys in: Bay Area, Pacific Northwest, and Rocky Mountains For employment verification, please contact Equifax/The Work Number at 877-442-9963 orgo towww.theworknumber.com. platform and leading the industry in innovation and quality of service.. Ownership status: acquired by OMERS (PE) in 2019 approach to best serve the needs of their local communities. Ownership agreement: 100 percent or majority sale to Innovetive PetCare Ownership agreement: A combination of cash and equity NVA has over 1100 vet practices and pet resorts in America. Ownership status: backed by Revelstoke Capital Partners SAGE Veterinary Centers and NVA Join Forces in their Shared Mission to Deliver Compassionate and Exceptional Advanced Veterinary Care for Pets and their Families. Ownership agreement: sale/co-ownership created an ecosystem which attracts exceptional people to provide the NVA Compassion-First champions each hospital's unique culture and opportunities by enabling innovation, collaboration, and a commitment to delivering exceptional care to pets and their families. Founded: in 2019 by Lukas Keindl, Mo Punjani, and Zay Satchu Subscribe to our weekly newsletter and receive hot news from the veterinary industry straight out of the oven. 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. Consumer Fund and JAB Holding Company have controlling stakes in Keurig 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 . Founded: in 2018 by Ted Sprinkle, DVM, Lance Sprinkle, and Bo Iler 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. Our hospitals and their teams are what make us who we are. global leader in beauty, and owns a controlling stake in luxury goods in the transaction. Lake Crest Animal Clinic. Founded: in 2014 by Jay Price, DVM; Chase Whitworth; DVM, Jeff Falone; DVM, Elizabeth Robinson, DVM, and Barron Lakeman, JD. specialty coffee and tea company, Caribou Coffee Company, a specialty 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. JAB Investors consists of JAB Consumer Fund and JAB Holding Company, One of the largest animal hospital chains, National Veterinary Associates, is getting a new owner. 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. Restaurant Group, Inc., the leader in the North-American bagel category, One of the oldest mergers and acquisitions companies, VCA also owns 35 Pet CancerCare Centers and companion animal practices it acquired from CAPNA. 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. Practice eligibility criteria: shared core values Trussville Main Street Animal Clinic. specialty + ER hospitals, equine hospitals, and pet resorts in the U.S., Business support offered: Website: https://www.petparadise.com/ Reference NVA Employer Code 22264. Ownership agreement: 100% sale (cash) A team of professional pet care executives to assist partner hospitals in business tasks in the post-transition period. 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. Ownership agreement: partnership 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). 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. ), 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. DVM support system: a DVM relief network to allow for a better work-life balance while you enjoy a robust benefits package. Use the Filter menu to select specific services or Hospital types you are interested in sorting by. Together, NVA Compassion-First and SAGE will further their shared purpose of delivering compassionate and exceptional medicine for pets and their families. JAB Investors is comprised of JAB Consumer Fund (JCF), which will be Practice eligibility criteria: general and specialty veterinary practices that want to continue their legacies within their local communities NVAs veterinarians and animal care professionals provide a full Practice eligibility criteria: MedVet is currently looking for like-minded teams to join their expanding network. Ownership status: owned and led by a small group of vets and vet professionals; Capricorn Healthcare (PE) boarding and daycare, specialty and ER animal care, aftercare, equine, 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 When Stan entrusted me with the role of CEO, I was humbled and excited. 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. 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. Practice eligibility criteria: AAHA-accredited and Fear Free-certified vet practices with a top-notch team, culture, and medical standards Buys in: Mid-Atlantic, Midwest, Northeast and Southeast Founded: in 2017 by Peter Brown and Edward Haughey . Ownership status:family-ownerd by the Desmarais family Ownership status: acquired by Gryphon Investors (majority stake) in 2020; managed by veterinarians Ownership agreement: flexible deal structures designed to meet the unique needs of each practice owner 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. Founded: in 2012 by Andrew Moffatt, BVSc, MBA, and his wife Joanna Moffatt Terms of the transaction were not disclosed. Number of hospitals: nearly 100 veterinary practices across the Mid-American and Southern markets Ownership status: acquired by Oak Hill Capital Partners (PE) in 2021 For the love of animals and the people who love them. Hoover, AL. Number of hospitals: 62 in South Carolina, North Carolina, Virginia, Michigan, Ohio, Florida, Wisconsin, and Washington DC and expansion into several new countries, said Greg Hartmann, CEO of Ownership status: acquired by Audax Private Equity Investors: Goldman Sachs Merchant Banking Division, SkyKnight Capital Fund (PE) and Stonehenge Partners (PE) Ownership status: acquired by Align Capital Partners in 2020 Veterinary consolidators reviews have been collected from open sources, such as their websites and niche news resources. Founded: in 2017 by Jeff Rothstein, DVM, and Vic Dhillon, DVM Practice Description: National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. Buys in: South and Southeast United States Huntsville, AL. veterinary medicine is best practiced when veterinarians craft their own Moving forward, we feel JAB Investors will be a great partner for us as we focus on our next phase of growth, he said. We earn trust by doing the right thing, Goal Orientation The group will buy a majority stake in National Veterinary Associates from its private equity owners Ares Management Corporation and OMERS Private Equity, the companies said on Monday in a. Practice eligibility criteria: team quality and shared values This article is a snapshot of the consolidation market. Practice eligibility criteria: Forward-thinking independent practices generating more than $1M in gross revenues. Ownership agreement: partnership/co-ownership or starting a completely new practice (preferred growth model is through joint-venture partnerships with veterinarians) Buys in: 30+ states Number of hospitals: 22 and empowering our animal care teams in their local communities. What type of buyout am I to choose? Buys in: within Petco stores in Northern California Buys in: Arizona Number of hospitals: 22 (+1 since January 2022; primary and preventive pet care locations) in the Greater Phoenix, Arizona area Number of hospitals: 100 globally. NVA and we wish the NVA team and its animal care teams continued Business support offered: Website: https://cvpco.com/ Our combined resources will expand our collective ability to support and enable our incredible veterinarians and clinical teams in all the communities we serve. Ownership status: majority interest was acquired by North Castle Partners (PE) in 2018; minority interest is held by several shareholders Buys in: North Carolina Contact Information Website www.nva.com Ownership Status Acquired/Merged (Operating Subsidiary) Financing Status Private Equity-Backed Primary Industry Other Services (B2C Non-Financial) Ownership status:Investors: D1 Capital Partners And Fidelity Management and Research Company Ownership status: acquired by PetIQ, Inc. (NASDAQ: PETQ) Business support offered: Website: https://www.curopet.com/ Founded: in 2014 by two veterans Paul Habenicht and Nick Lodestro 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. and provides a hospital with support in HR, marketing, facilities, and general management. Business support offered: Website: https://amerivet.com/ For more information, visit www.nva.com. Ownership agreement: partnership real estate. Our doctors and pet care teams share best practices, medical knowledge, innovation and insights. Drake, 800-340-6597cdrake@aresmgmt.comorPriscila Buys in: East of the Mississippi River in the U.S. Buys in: nationwide Number of hospitals: 1,000+ hospitals in the U.S., Canada, Brazil, and Japan (primary care 90 percent, specialty 10 percent). Ownership agreement: 100 percent sale (cash) Business support offered: Website: https://thevetspets.com/ Part of the Mars, Incorporated family of companies, Banfield owns clinics in the United States, Mexico, and the United Kingdom. Hartmann, will maintain a significant minority ownership and will Ownership agreement:Individually evaluated on case by case basis 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.).
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