Ownership agreement: sale with a stake in UVC available for practice sellers Buys in: nationwide VetValue has many resources for DVM Owners looking to learn more about the practice sale process. Number of hospitals: 168 (+12 since January 2022) Founded: in 2009 If you are here because you are thinking about selling your practice, make sure you do your homework. 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 Ownership status: acquired by Audax Private Equity 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.". Founded: in 2009 Egberts (JDE), the largest pure-play FMCG coffee company in the world, Number of hospitals: 1400+(specialty, ER hospitals, and pet resorts) in the U.S., Canada, Australia, and New Zealand We have been privately running for almost 40 years but recently decided to join National Veterinary Associates, who owns many non-branded hospitals throughout the U.S. and other countries. Stay in touch! NVAs CEO, Greg Hartmann, MBA, said the chain isnt done expanding. Company (JAB), which will invest alongside JCF. 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. At the same time, selling a practice requires planning ahead and devising the right exit strategy. Not being transparent with your staff about future acquisition can cause a great deal of stress. Ownership agreement: partnership/ownership NVA:Laura Koester+1 310-292-8431laura.koester@nva.com, Internet Explorer presents a security risk. Buys in: nationwide Due to the accelerating pace of veterinary consolidation today, it is hard to estimate the real number of company-owned vet practices. Business support offered: Website: https://www.nva.com/ Founded in 1955, the company operates many of its 1,000 plus clinics inside PetSmart stores. Practice eligibility criteria: Ownership agreement: 100 percent sale with investment opportunities for practice owners (joint venture) The VIS team will be updating the article when we receive new information regarding vet consolidators. Number of hospitals: 5 boarding and daycare, specialty and ER animal care, aftercare, equine, 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. 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. Ownership status: acquired by Oak Hill Capital Partners (PE) in 2021 We have over 14,000 veterinary professionals that improve the. 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: US Ownership agreement: buyout NVA. They share our belief that the best veterinary care is created by supporting and empowering our animal care teams in their local communities.. 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. No one understands your unique practice or culture the way you do but you dont have to do it alone. Buys in: United States, Canada, Australia, New Zealand and Singapore real estate. Search. Business support offered: Website: https://thevetspets.com/ Join a community of like-minded professionals dedicated to collaboration, innovation, and professional development. success., I want to thank the Ares Private Equity team and OMERS for their announced that a fund managed by the Private Equity Group of Ares and Back-office services, including finance, accounting, legal, HR, payroll, and marketing. Annual off-site events for sharing best practices, collaboration, and continuing education, Non-clinical, administrative services such as finance, operations, accounts payable, procurement, marketing, HR, and IT, Not interfering in medicine or formulary but instead, bringing benefits of scale and relief from operational burdens, letting practices keep serving their communities in their unique way, Well-run clinics with exceptional teams and a passion for animals, Hospitals with 2+ DVMs who are looking to adapt and grow their business, Partner Owners who want to stay invested in their practices, both emotionally and financially, Administrative support in areas including payroll, vendor relations, marketing, operations, HR, and IT, Profit-sharing plans for owners who stay with the practice, 401(k) employer-sponsored retirement plan, Significant cost savings on supplies due to economies of scale. We promise not to spam you too much. Business support offered: Website: https://bluepearlvet.com/ Number of hospitals: 100+ We have over 14,000 veterinary professionals that improve the well-being . Number of hospitals: undisclosed Founded in 1962, OMERS is one of Canadas largest defined benefit approach to best serve the needs of their local communities. Practice owners considering the co-ownership model and willing to stay and help grow the practice. What will happen with my team post-acquisition? Taking on someones veterinary clinic was a responsibility my team and I did not take lightly. 31, 2018. Contact Information Website www.nva.com Ownership Status Acquired/Merged (Operating Subsidiary) Financing Status Private Equity-Backed Primary Industry Other Services (B2C Non-Financial) Number of hospitals: nearly 100 veterinary practices across the Mid-American and Southern markets Founded by a Veterinarian for Veterinarians By Dr. Stan Creighton, NVA Founder 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. Business support offered: Website: https://www.southernvetpartnersllc.com/ Founded: in 1997 by a private investment group. The companies are listed in chronological order by the year they were established. has adhered to a disciplined investment philosophy that focuses on Ownership status: a majority interest acquired by Crane Group in 2016 The largest private owner of freestanding veterinary hospitals in the U.S. UNDERSTANDING AND SHOWING WE CARE. Number of hospitals: 30 (+20 since January 2022) locations in the Mid-Atlantic region (U.S.) continue to lead the business with their deep and personal commitment to Number of hospitals: undisclosed What makes the veterinary industry so enticing for big corporations? very highest level of veterinary care. Founded: in 2009 by Dan Blumenthal, Roy Jain, and Ferdie Schmitz Business support offered: Website: https://www.veritasvetpartners.com/ OMERS had private equity net investment asset exposure of C$14.2 billion Ownership agreement: partnership Restaurant Group, Inc., the leader in the North-American bagel category, Under Greg Hartmanns leadership, NVA has continued its rapid growth trajectory. LOS ANGELES & LUXEMBOURG--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) and JAB Investors today NVAs senior management team, including CEO Greg Ownership status: backed by Revelstoke Capital Partners By partnering with NVA, we can help you successfully navigate the business side of veterinary medicine. largest veterinary and pet care services organizations in the world, to Founded: in 2019 MedVet considers every partnership opportunity individually. Founded: in 1986 by Bob Antin, Art Antin, and Neil Tauber This explains the staggering number of locations the group owns.) They One of the largest animal hospital chains, National Veterinary Associates, is getting a new owner. 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. Reference NVA Employer Code 22264. Sep 2020 - Present2 years 8 months. premium-quality sweet treats, and in Espresso House, the largest branded Founded: in 2017 Ownership status: backed by Waud Capital Partners (PE) since 2018 and provides a hospital with support in HR, marketing, facilities, and general management. 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. company in the ready-to-eat food market, Peet's Coffee & Tea, a premier are proud to have supported the company during its significant growth Business support offered: Website: https://www.vippetcare.com/ Ownership status: acquired by JAB Investors from Ares Management (PE) and OMERS (PE) in 2019 (JAB also owns Compassion-First Pet Hospitals) 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. pet resorts across 43 states in the United States, as well as in Canada, They are strong supporters of our mission of providing progressive and compassionate care. JAB Investors consists of JAB Consumer Fund and JAB Holding Company, Turn your love of animals into the career of a lifetime. Buys in: 30 States in US Today, this conglomerate is considered the biggest buyer in the veterinary segment nationally and overseas. long-term dynamics, including strong growth prospects, attractive margin One of the oldest mergers and acquisitions companies, VCA also owns 35 Pet CancerCare Centers and companion animal practices it acquired from CAPNA. Ownership status: owned by the management team and Metalmark Capital PE (acquired interest from Prospect Partners in 2019) Buys in: nationwide Number of hospitals: 115 (+12 since January 2022) clinics (general and emergency) in 23 states One of the largest animal hospital chains, National Veterinary Associates, is getting a new owner. ), 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. Ownership status: veterinarian-owned (formed by Shore Capital Partners (PE)) Practice eligibility criteria: partnering with practices of all sizes; the decision on every practice is made individually Number of hospitals: 7 Also partners with pet resorts and daycare locations looking to add veterinary to their services. alternative asset manager with approximately $137 billion of assets Buys in: nationwide 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 Ownership agreement: partnership
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