NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. Company (JAB), which will invest alongside JCF. Ownership status: funded by Freeman Spogli & Co and Tailwind Capital Buys in: Western U.S. (11 states) Number of hospitals: 1,000+ hospitals in the U.S., Canada, Brazil, and Japan (primary care 90 percent, specialty 10 percent). investment groups in Credit, Private Equity and Real Estate is a market They Number of hospitals: 28 (+5 since January 2022) locations in Pennsylvania, Delaware, New Jersey, Connecticut, Maryland, Virginia, and New York Buys in: Arizona NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. specialty + ER hospitals, equine hospitals, and pet resorts in the U.S., Ownership status: funded by Fulcrum Equity Partners 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.). Jefferies LLC served as exclusive financial advisor and Katten Muchin Rosenman LLP served as legal counsel to SAGE Veterinary Centers. To improve the comfort and well-being of pets by providing progressive and compassionate care. of our mission of providing progressive and compassionate care. Founded: in 2017 by John Bork, Bob Lester, DVM, and Tom Reuss Founded: in 2018 by Dr. Kent Thornberry 212-371-5999tbj@abmac.com/pct@abmac.comFor To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Number of hospitals: 1400+(specialty, ER hospitals, and pet resorts) in the U.S., Canada, Australia, and New Zealand laura.koester@nva.com, Internet Explorer presents a security risk. 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. Improved operational efficiency through HQ-staffed telehealth and hands-on growth lever implementation, including centralized recruiting, vendor management, inventory management, and workflow optimization. created an ecosystem which attracts exceptional people to provide the Robust IT, marketing, accounting, HR, recruiting, and other administrative functions. Business support offered: Website: https://www.vca.com/ Business support offered: Website: https://veterinaryemergencygroup.com/ Number of hospitals: over 400 general practice, specialty, and emergency veterinary hospitals throughout the US, including 100 THRIVE clinics over the past five years as it extended its reach outside the US, Buys in: the above-mentioned states, as well as Arkansas, Indiana, Delaware, Ohio, Missouri, Oklahoma, West Virginia, and Washington DC 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. It has since been ordered by the Federal Trade Commission to sell six hospitals due to competition concerns. Practice eligibility criteria: Ownership agreement: individually structured to meet every practices unique needs 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. Buys in: West and Southwest US Founded: in 2019 by Steven Eidelman & Ben Jacobs 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. ), 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. Practice eligibility criteria: specialty and emergency veterinary clinics For the love of animals and the people who love them. share our belief that the best veterinary care is created by supporting Buys in: Midwest, Mountain West and Florida 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. Number of hospitals: 7 Veterinary consolidators reviews have been collected from open sources, such as their websites and niche news resources. 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. Ownership status: Berkshire Private Equity initially invested in VetStrategy in July 2020. global leader in beauty, and owns a controlling stake in luxury goods Copyright 2023 Today's Veterinary Business Web DesignbyPHOS Creative. Terms were not disclosed. Egberts (JDE), the largest pure-play FMCG coffee company in the world, Founded: in 2012 Founded: in 1999 Buys in: above-mentioned states Corporate Ownership of Equine Practices - EquiManagement Number of hospitals: 100+ hospitals in 30 states Ownership agreement: 100 percent sale to VetCor, with flexible employment opportunities for practice owners Practice eligibility criteria: Ownership agreement: typically a majority sale to AmeriVet, but 100 percent sales and other types of deals are also possible. One of the largest animal hospital chains, National Veterinary Associates, is getting a new owner. 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. specialty coffee and tea company, Caribou Coffee Company, a specialty 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 status: acquired by JAB Investors from Ares Management (PE) and OMERS (PE) in 2019 (JAB also owns Compassion-First Pet Hospitals) I could not be more proud of what we started in 1997 and who NVA is today. Practice eligibility criteria: Ownership agreement: 100 percent sale VetValue has many resources for DVM Owners looking to learn more about the practice sale process. Practice eligibility criteria: shared core values (teamwork, top-notch vet service standards, integrity, and innovation) Hartmann, will maintain a significant minority ownership and will What will happen with my team post-acquisition? both of which are jointly managed by the same group of managing 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. organization, we strive to be a positive reflection of the profession we Founded: in 2022 by Dr. Thomas Scavelli Ownership status: owned and led by a small group of vets and vet professionals; Capricorn Healthcare (PE) 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. Assistance in operations and administrative tasks including management, purchasing, IT, finance/accounting, renovations, equipment upgrades, etc. 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. Ownership agreement: cash-based sale with flexible structuring of every acquisition Buys in: East of the Mississippi River in the U.S. By partnering with NVA, we can help you successfully navigate the business side of veterinary medicine. Practice eligibility criteria: AAHA-accredited and Fear Free-certified vet practices with a top-notch team, culture, and medical standards States, Europe, Asia and Australia. Rooted in a culture of compassion and innovation, NVA Compassion-First is NVA's specialty and emergency care group of 1,200+ board-certified specialists and emergency doctors across 85 veterinary centers providing a full range of advanced medical, surgical and specialized services. 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. We also sent out an offer to companies employees to clarify, confirm or refute the review we published and have updated the information if we collected any response. Not being transparent with your staff about future acquisition can cause a great deal of stress. Selling to a big veterinarian group gives them substantial profit and (sometimes) freedom to keep doing what they love most pet care. Business support offered: Website: https://blueriverpetcare.com/ For employment verification, please contact Equifax/The Work Number at 877-442-9963 orgo towww.theworknumber.com. in the transaction. We have over 14,000 veterinary professionals that improve the. Ares Management Corp. and partner OMERS Private Equity have agreed to sell majority control of the 670-hospital network to another group, JAB Investors. And we never lose sight of what is important - pets, their families, our doctors, our people, and championing the advancement of veterinary medicine. Website: https://www.inspirevet.com/ Business support offered: Website: https://vetncare.com/ Industry Giant NVA Acquires SAGE Veterinary Centers Number of hospitals: 720 (+209 since January 2022) Business support offered: Website: https://www.medvetforpets.com/ Number of hospitals: 104 (+14 since January 2022) in 24 states in the East Coast, and Midwest plus Colorado Ownership status: backed by Percheron Capital (PE) Business support offered: Website: https://www.vetpartners.com/ Practice eligibility criteria: individually decided Buys in: nationwide We London, New York, Singapore and Toronto, seeks to use its significant Panera Bread, a leading bakery-cafe company, Pret A Manger, a leading Founded: in 2015 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. Ownership status: family-owned and led Buys in: states in the Eastern half of the United States Business support offered: Website: https://www.thrivepetcare.com/ Back-office services, including finance, accounting, legal, HR, payroll, and marketing. Find A Hospital - Vca Business support they offer: Website: https://www.caraveterinary.com/ 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. Ownership status: raised capital from leading venture capital funds (True Ventures and Addition, Founders Fund, and Upfront Ventures) 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. McAdory Veterinary Clinic. approach to best serve the needs of their local communities. Practice eligibility criteria: solid growth, top-notch medicine, and revenue over $1.3 million 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. 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 First, a family of well-known and respected specialty, emergency and general practice veterinary hospitals across the United States. Practice eligibility criteria: relationship-focused practices Being honest with your team and yourself and planning in advance helps ensure your pets and vets will be in the right hands and happy. Number of hospitals: 4 Business support offered: Website: https://www.petparadise.com/ Ownership status: acquired by Gryphon Investors (majority stake) in 2020; managed by veterinarians Ownership status: funded by SkyKnight Birmingham, AL. Of all these locations, Denmark claims top spot, with the University of Copenhagen moving up four places to now rank joint . Buys in: US and Canada Ownership agreement: sale with a stake in UVC available for practice sellers veterinary hospitals across the United States. Founded: in 2018 by George Melillo, VMD and Teresa Fox National Veterinary Associates Reviews - Glassdoor Updated the current number of clinics for 30 groups, Acquired by Rarebreed Veterinary Partners, VetPartners was removed (outside North America). Founded: in 1996 globally. Hands-off approach to medicine (not interfering in medical decisions and local management).Well-being programs, benefits, and decent compensation, Clinical freedom while maintaining significant vet ownership at their local clinic. In November 2021, VetStrategy merged with IVC Evidensia. Ownership agreement: partnership Buys in: nationwide NVA and we wish the NVA team and its animal care teams continued UNDERSTANDING AND SHOWING WE CARE. Business support offered: Website: https://valleyveterinarycare.com/ Number of hospitals: 450+ locally branded practices (ranging from preventative/primary pet care to emergency clinics and surgeries) in more than 37 states Dr Pepper, a leader in the North American beverage market, Jacobs Douwe JAB:Abernathy MacGregorTom Johnson/Pat Tucker+1 agreement to sell National Veterinary Associates (NVA), one of the We have over 14,000 veterinary professionals that improve the well-being . Eligibility to become an ESOP participant is to work at least 20 hours per week in any of Galaxy Vets settings. has adhered to a disciplined investment philosophy that focuses on 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. Buys in: U.S. East Coast and as far west as Kentucky, Ohio, and Tennessee Ownership status: majority interest acquired by Shore Capital Partners in 2017; minority belongs to the team of veterinarians Ownership agreement: partnership/co-ownership or starting a completely new practice (preferred growth model is through joint-venture partnerships with veterinarians) Founded: in 2014 by David Bessler. We focus on the outcome, Service Excellence Ownership status: acquired by Mars, Inc. in 2017 Blair & Company, L.L.C. NVA is a growing community of more than 1,400 general practice clinics, emergency hospitals, equine practices, specialty hospitals, and pet resorts. Number of hospitals: prefers not to disclose Practice eligibility criteria: Owners desiring to grow into additionalhospitals and maintain equity in their practice Business support offered: Website: https://obrienveterinarygroup.com/ Number of hospitals: 160+ Veterinary Integration Solutions enhances veterinary businesses. What makes the veterinary industry so enticing for big corporations? Who bought out National Veterinary Associates? Practice eligibility criteria: general and emergency practices Founded: in 2016 by Matthew Sussman, Jake Sloane, and Frank Zhang Buys in: United States, Canada, Australia, New Zealand and Singapore serve, and JAB Investors recognizes and joins us in that commitment., NVA is a world-class organization led by one of the best teams in the Roney, 212-808-1185proney@aresmgmt.comFor 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. Ares believes each of its three distinct but complementary Founded: in 2009 Ownership agreement: A combination of cash and equity Buys in:Pacific Northwest Business support offered: Website: https://www.curopet.com/ company Bally. being part of the greater whole. Our Story | NVA - National Veterinary Associates 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. its minority partner, OMERS Private Equity, have signed a definitive "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. NVA Launches Scholarship Program in Partnership with Purdue Veterinary Business support offered: Website: https://cvpco.com/ ", "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: nationwide Ownership status:Investors: D1 Capital Partners And Fidelity Management and Research Company CPF actively looks to partner with organizations focused on delivering the highest quality of service to patients and providers. Practice eligibility criteria: partnering with practices of all sizes; the decision on every practice is made individually Ownership agreement: deals ranging from 100 percent sale to co-owning. Number of hospitals: 125+ in 17 states Ares Management Agrees to Sell NVA, the Leading Independent Veterinary National Veterinary Associates | 53,768 followers on LinkedIn . DVM support system: a DVM relief network to allow for a better work-life balance while you enjoy a robust benefits package. ), 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. They share our belief that the best veterinary care is created by supporting and empowering our animal care teams in their local communities.. The companys Ownership status: owned by Tyree & DAngelo Partners (PE) 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. 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. Hospital support: Assistance with all the back office functions (marketing, human resources, etc. Every day I work to honor Stans vision of creating a community where veterinarians thrive and outstanding veterinary hospitals and resorts deliver progressive and compassionate care to pets and their families. . Dramatically increased acquisition pace, adding 150+ veterinary hospitals during Summits investment. 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. 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. Number of hospitals: 5 National Veterinary Associates: Contact Details and Business Profile 31, 2018. Leading Animal Hospital Group NVA Acquires Ethos Veterinary Health Business support offered: Website: https://heartandpaw.com/ The VIS team will be updating the article when we receive new information regarding vet consolidators. Number of hospitals: 24 NVA. 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: everywhere throughout the U.S. and Canada One of the oldest mergers and acquisitions companies, VCA also owns 35 Pet CancerCare Centers and companion animal practices it acquired from CAPNA. Number of hospitals: 27 (+9 since January 2022) CityVet locations (including boarding/grooming locations under the Ruffit brand and the CityPet Supply store) in Texas and Colorado Australia, and New Zealand. Business support offered: Website: https://www.good-vets.com/ Trussville Main Street Animal Clinic. platform and leading the industry in innovation and quality of service.. 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: partnership Business support offered: Website: https://www.southernvetpartnersllc.com/ Together, JAB They are strong supporters of our mission of providing progressive and compassionate care. Ownership status: owned by the management team and Metalmark Capital PE (acquired interest from Prospect Partners in 2019) Cons at: http://www.jabholco.com. boarding and daycare, specialty and ER animal care, aftercare, equine, Buys in: across the US It will not surprise you to find out those same companies-with a few new players-are still growing in 2019. "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. Practice eligibility criteria: Excellent community reputation and shared long term core values National Veterinary Associates - PitchBook Data 2023 Summit Partners. company in the ready-to-eat food market, Peet's Coffee & Tea, a premier 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. 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.