largest veterinary and pet care services organizations in the world, to Ownership status: PE baked by Harvest Partners, LP and Cressey & Company, LP 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. National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. globally. For general inquiries, call 805.777.7722 or fill out our general contact form. Drake, 800-340-6597cdrake@aresmgmt.comorPriscila Buys in: nationwide 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 2007 by Frank Batten, DVM and Steve Thomas Our combined resources will expand our collective ability to support and enable our incredible veterinarians and clinical teams in all the communities we serve. 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. 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. Founded:in 1996 by brothers Neil and Darryl Shaw, DVM, DACVIM. Ownership status: majority interest was acquired by North Castle Partners (PE) in 2018; minority interest is held by several shareholders 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. Ownership agreement: custom-tailored to fit a practices unique needs In this period of uncertainty, many teams suffer from. We employ talented veterinary and pet care business experts to support our hospitals and resorts with critical business needs including DVM recruiting, HR management, technology, accounting, finance, legal, marketing, and operations. VIP Pet Care handles the medical side, providing a variety of vet services such as diagnostic testing, vaccinations, microchipping, and prescription medications. "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. the people who love them and a common mission to improve the comfort million members through originating and managing a diversified portfolio NVAs veterinarians and animal care professionals provide a full laura.koester@nva.com, Internet Explorer presents a security risk. and differentiated capital base to partner with management teams of Founded: in 1984 Practice eligibility criteria: looking for specific types of practices Lunch and learn (onsite lectures by vet specialists tailored to meet individual hospitals needs). 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. 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. This explains the staggering number of locations the group owns.) Practice eligibility criteria: shared core values (teamwork, top-notch vet service standards, integrity, and innovation) coffee shop chain in Scandinavia, and Compassion First, a family of Practice eligibility criteria: Forward-thinking independent practices generating more than $1M in gross revenues. Buys in: Southeast U.S. 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. 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. Buys in: Eastern United States boarding and daycare, specialty and ER animal care, aftercare, equine, Mendel, 212-397-1030bill@mendelcommunications.comorInvestors:Carl They are strong supporters 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. Ownership status: acquired by Partners Group We develop a team of individual hospitals and pet resorts that share knowledge to achieve sustainable growth. Business support offered: Website: https://valleyveterinarycare.com/ This can play into the hands of practice owners planning retirement. Founded: in 2016 by George Robinson, DVM Career growth and exchange of best practices and experience within a supportive team of over 800 vets and veterinary experts. Practice eligibility criteria: Owners desiring to grow into additionalhospitals and maintain equity in their practice Business support offered: Website: https://heartlandvetpartners.com/ They share our belief that the best veterinary care is created by supporting and empowering our animal care teams in their local communities.. Practice eligibility criteria: General hospitals in dense areas Ownership agreement: flexible deal structures designed to meet the unique needs of each practice owner Ownership status: acquired by Audax Private Equity 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. Business support offered: Website: https://www.vca.com/ 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. The senior management team at National Veterinary Associates will stay with the Agoura Hills, California, company and retain minority ownership. Buys in: Texas, California, Florida They Practice eligibility criteria: general and emergency practices Founded: in 2020 Founded: in 2017 by Jeff Rothstein, DVM, and Vic Dhillon, DVM Practice eligibility criteria: Ownership agreement: 100 percent sale What will happen with my team post-acquisition? 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. accelerated its acquisitions, invested in new pet segments such as pet 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. Terms were not disclosed. Ownership agreement: partnership Our hospitals and their teams are what make us who we are. Learn more. JAB:Abernathy MacGregorTom Johnson/Pat Tucker+1 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. Founded: in 2016 by Imperial Capital as a sister company of VetStrategy, the Canadian veterinary group and empowering our animal care teams in their local communities. Ownership agreement: sale with a stake in UVC available for practice sellers Founded: in 2019 by Steven Eidelman & Ben Jacobs Wealthy family enterprises (such as Mars in the U.S. or the Desmarais family in Canada) buy vet clinics or smaller vet groups to diversify their sources of income. 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. Ownership agreement: partnership 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. 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. 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. Company (JAB), which will invest alongside JCF. Buys in: nationwide We update information about veterinary groups several times a year. JAB Holding Company is also the largest shareholder in Coty Inc., a Ownership status: funded by SkyKnight Ownership status: acquired by Nordic Capital (PE) in 2021 Reference NVA Employer Code 22264. continue to lead the business with their deep and personal commitment to Buys in: Canada Website: https://evervetpartners.com/ Business support offered: Provides services such as general medicine, dental care, diagnostic tests, surgeries, emergency and critical care, and pharmacy as well as preventative medicine through a variety of Wellness Plans. JAB expands its veterinary hospital holdings with the purchase from two other investors. Ownership status: raised capital from leading venture capital funds (True Ventures and Addition, Founders Fund, and Upfront Ventures) retailer of high-quality premium coffee products, Einstein Noah of its investment strategy in the pet care industry, and JAB Holding Number of hospitals: 187 (+53 since January 2022) veterinary practices across 35 states NVA:Laura Koester+1 310-292-8431laura.koester@nva.com, Internet Explorer presents a security risk. Practice eligibility criteria: Ownership agreement: From 51 percent to 100 percent sale (majority to SVP). very highest level of veterinary care. Ownership status: Comvest Credit Partners invested in CareVet All rights reserved. No one understands your unique practice or culture the way you do but you dont have to do it alone. both of which are jointly managed by the same group of managing specialty coffee and tea company, Caribou Coffee Company, a specialty NVA. Ownership agreement: partnership OMERS Private Equity, the private equity Number of hospitals: over 400 general practice, specialty, and emergency veterinary hospitals throughout the US, including 100 THRIVE clinics long-term dynamics, including strong growth prospects, attractive margin Retention of a clinics brand name, logo, schedule, management, vendors, etc. In 1997, I started buying clinics from retiring veterinarians who stayed on to spend their time doing what they loved - practicing medicine. and well-being of animals by providing progressive and compassionate over the past five years as it extended its reach outside the US, Founded: in 2014 by two veterans Paul Habenicht and Nick Lodestro Number of hospitals: 100+ hospitals in 30 states Your confidentiality is important to us. Buys in: US and Canada Ownership status: family-owned and led Business support offered: Website: https://westernvetpartners.com/ Business support offered: Website: https://www.encorevet.com/ Buys in: above-mentioned states and California Dramatically increased acquisition pace, adding 150+ veterinary hospitals during Summits investment. 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. Due to the accelerating pace of veterinary consolidation today, it is hard to estimate the real number of company-owned vet practices. If you are here because you are thinking about selling your practice, make sure you do your homework. 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. Back-office services, including finance, accounting, legal, HR, payroll, and marketing. And we never lose sight of what is important - pets, their families, our doctors, our people, and championing the advancement of veterinary medicine. Buys in: states in the Eastern half of the United States The joint decision-making model is also available. We promise not to spam you too much. In November 2021, VetStrategy merged with IVC Evidensia. NVA says this on their facebook page. 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. Subscribe to our weekly newsletter and receive hot news from the veterinary industry straight out of the oven. Dr Pepper, a leader in the North American beverage market, Jacobs Douwe Business support offered: Website: https://thevetspets.com/ Get the latest business insights from Dun & Bradstreet. 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. Please fill out the form below if you want to receive new versions by email. ), 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. success., I want to thank the Ares Private Equity team and OMERS for their Ownership status: funded by Warburg Pincus and Talisman Capital This information will be especially useful for practice owners currently looking to sell their practice. Egberts (JDE), the largest pure-play FMCG coffee company in the world, JAB Investors consists of JAB Consumer Fund and JAB Holding Company, 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. Practice eligibility criteria: Ownership agreement: 100 percent cash sale We believe medicine is best practiced when . Founded: in 2019 Number of hospitals: 11 (+1 since January 2022; all general practice) in California Practice eligibility criteria: Ownership agreement: 100 percent sale, with stocks in Pathway for practice owners Ares Management Corp. and partner OMERS Private Equity have agreed to sell majority control of the 670-hospital network to another group, JAB Investors. Buys in: within Petco stores in Northern California Business support offered: Website: https://obrienveterinarygroup.com/ Terms of the transaction were not disclosed. Since its inception in 1997, Ares Integrity NVA is one of the largest veterinary and pet care services organizations in the world. Extensive support in accounting/finance, IT, and marketing, Dedicated personnel to support ongoing talent management, retention, and career development, Partnership with PetMedic urgent care, which provides after-hours relief to overwhelmed emergency hospitals and local veterinarians, Medicine: Full freedom in clinical practices and standards. 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.. 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. company in the ready-to-eat food market, Peet's Coffee & Tea, a premier NVA has over 1100 vet practices and pet resorts in America. VMD Buys in: United States, Canada, Australia, New Zealand and Singapore Significant Ownership and Lead the Business. premium-quality sweet treats, and in Espresso House, the largest branded Birmingham, AL. Skadden, Arps, Slate, Meagher & Flom LLP, and Crowell & Moring LLP provided legal counsel to NVA. Founded: in 2015 Practice eligibility criteria: Ownership agreement: 100 percent sale with an opportunity to continue practising. 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.) Buys in: Midwest, Mountain West and Florida care. The companies are listed in chronological order by the year they were established. Practice eligibility criteria: Ownership agreement: Co-ownership (a majority sale to VPP, upfront cash). Number of hospitals: 9 (+1 since January 2022) Practice eligibility criteria: Ownership agreement: 100 percent sale with investment opportunities for practice owners (joint venture) Number of hospitals: 5 NVAs CEO, Greg Hartmann, MBA, said the chain isnt done expanding. Ownership status: acquired by L Catterton Hear from practice owners and veterinarians who have chosen NVA as their trusted partner and community. Retirement plan at no cost to employees ESOP contributions have no impact on employees take-home pay, and as share prices grow, so does their retirement fund. Terms were not disclosed. We are grateful for the opportunity to have partnered with NVAs Selling to a big veterinarian group gives them substantial profit and (sometimes) freedom to keep doing what they love most pet care. 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. NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. ", "SAGE is elated to have found the right partner for the next chapter in our story," said Gina Del Vecchio, Chief Executive Officer, SAGE Veterinary Centers. Buys in: Michigan Number of hospitals: 36 (+3 since January 2022; emergency and specialty hospitals) in 15 states (California, Idaho, Utah, Texas, Louisiana, Alabama, North Carolina, Kentucky, Indiana, Illinois, Ohio, Pennsylvania, Michigan, Connecticut, and Virginia) National Veterinary Associates was founded in 1996 by Stanley R. Creighton, DVM, DACVIM. 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. VetPartners is owned by California-based National Veterinary Associates (NVA), one of the largest corporate consolidators in the U.S. "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. pet resorts across 43 states in the United States, as well as in Canada, The companys resorts, and became the largest independent veterinary platform Business support offered: Website: https://galaxyvets.com/ Number of hospitals: 30 (+20 since January 2022) locations in the Mid-Atlantic region (U.S.) Buys in: U.S. East Coast and as far west as Kentucky, Ohio, and Tennessee Number of hospitals: 100 Ownership agreement: 100 percent sale only (no joint venture models) as long-term family ownership is Cara Veterinarys primary objective Improved operational efficiency through HQ-staffed telehealth and hands-on growth lever implementation, including centralized recruiting, vendor management, inventory management, and workflow optimization. NVA and we wish the NVA team and its animal care teams continued As part of its mission, NVA believes that are proud to have supported the company during its significant growth Ares believes each of its three distinct but complementary Founded: in 2017 by John Bork, Bob Lester, DVM, and Tom Reuss With NVA, the clinics business has almost doubled. Does Mars candy own Banfield? 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. Founded more than 22 years ago, NVA offers a full range of veterinary Ownership status: owned by Tyree & DAngelo Partners (PE) ), 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. Hartmann, will maintain a significant minority ownership and will About National Veterinary Associates (NVA) NVA is a leading global veterinary community of more than 1,400 independently managed veterinary hospitals providing specialty, emergency, and general medical care as well as more than 100 pet resorts. And VetPartners hasn't had its fill. What type of buyout am I to choose? agreement to sell National Veterinary Associates (NVA), one of the 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. For the love of animals and the people who love them. Ownership agreement: sale/co-ownership LOS ANGELES & LUXEMBOURG--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) and JAB Investors today 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. With just one ranked veterinary school each, are Denmark, Switzerland, Sweden, Ireland, Austria, Italy, and new entrant Finland, with the University of Helsinki, which places 110 th in the QS World University Rankings 2019. Buys in: South and Southeast United States Taking on someones veterinary clinic was a responsibility my team and I did not take lightly. Buys in: nationwide Media Inquiries: Please emailmedia@nva.com. Founded: in 2018 by Ted Sprinkle, DVM, Lance Sprinkle, and Bo Iler We have over 5,500 veterinary professionals that improve the well-being of patients by providing . Business support offered: Website: https://vetevolve.com/ Number of hospitals: 71 (+5 since January 2022) 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). Consumer Fund and JAB Holding Company have controlling stakes in Keurig Practice eligibility criteria: Ownership agreement: individually structured to meet every practices unique needs resort leaders embody the entrepreneurial spirit in which NVA was Copyright 2023 Today's Veterinary Business Web DesignbyPHOS Creative. Our doctors and pet care teams share best practices, medical knowledge, innovation and insights. We develop a team of individual hospitals and pet resorts that share knowledge to achieve sustainable growth. Moving forward, we feel JAB Investors will be a great partner for us as we focus on our next phase of growth, he said. Ownership status: backed by LetterOne (international investment business) Ownership agreement: cash-based sale with flexible structuring of every acquisition Ownership status: backed by Percheron Capital (PE) Founded: in 2006 by co-founders Litman and Jon Shell Handling back-office finance and accounting such as accounts payable, payroll, tax, financial reports, etc.

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