who owns national veterinary associates
EMPOWERING OTHERS AND ENABLING GOOD WORK, We lead by 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. company Bally. Business support offered: Website: https://valleyveterinarycare.com/ Updated the current number of clinics for 30 groups, Acquired by Rarebreed Veterinary Partners, VetPartners was removed (outside North America). Terms were not disclosed. Buys in: US We believe medicine is best practiced when . 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. 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. agreement to sell National Veterinary Associates (NVA), one of the We are grateful for the opportunity to have partnered with NVAs Buys in: states in the Eastern half of the United States Founded: in 2007 by Frank Batten, DVM and Steve Thomas As part of its mission, NVA believes that Canada, Australia, and New Zealand. Ownership agreement: sale with a stake in UVC available for practice sellers NVA is one of the largest veterinary and pet care services organizations A team of professional pet care executives to assist partner hospitals in business tasks in the post-transition period. the NVA community for the long-term as they continue building a global 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. This can play into the hands of practice owners planning retirement. Buys in: 20 states Buys in: Bay Area, Pacific Northwest, and Rocky Mountains Ownership status: majority interest was acquired by North Castle Partners (PE) in 2018; minority interest is held by several shareholders 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. They are strong supporters Number of hospitals: 187 (+53 since January 2022) veterinary practices across 35 states National Veterinary Associates (NVA) is second, with about 425 veterinary branches. Practice eligibility criteria: Ownership agreement: 100 percent sale 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. 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. JAB Holding Company is also the largest shareholder in Coty Inc., a We have over 5,500 veterinary professionals that improve the well-being of patients by providing . JAB Investors is comprised of JAB Consumer Fund (JCF), which will be Not being transparent with your staff about future acquisition can cause a great deal of stress. Number of hospitals: 100 Australia, and New Zealand. Ownership status: owned by Tyree & DAngelo Partners (PE) 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. Buys in: South and Southeast United States Her NVA partnership gives her more time off while maintaining a stable, growing practice. 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. For the love of animals and the people who love them. One of the largest animal hospital chains, National Veterinary Associates, is getting a new owner. us as we focus on our next phase of growth. Business support offered: Website: https://www.curopet.com/ Ares believes each of its three distinct but complementary To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. specialty + ER hospitals, equine hospitals, and pet resorts in the U.S., Ownership status: Berkshire Private Equity initially invested in VetStrategy in July 2020. platform and leading the industry in innovation and quality of service.. They are strong supporters of our mission of providing progressive and compassionate care. Buys in: 30+ states Jefferies LLC acted as exclusive financial advisor to NVA and William In 1997, I started buying clinics from retiring veterinarians who stayed on to spend their time doing what they loved - practicing medicine. "NVA Compassion-First's shared purpose and dedication to collaboration, innovation, and investment in the future of specialty and emergency veterinary medicine will create additional opportunities for our network to thrive and grow, including across borders. Stay in touch! resort leaders embody the entrepreneurial spirit in which NVA was At the same time, selling a practice requires planning ahead and devising the right exit strategy. 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. VIP Pet Care handles the medical side, providing a variety of vet services such as diagnostic testing, vaccinations, microchipping, and prescription medications. VetCor controls the administrative part of the business (including accounting, payroll,, etc.) Buys in: US and Canada Practice eligibility criteria: individually decided All rights reserved. Buys in: Midwest, Mountain West and Florida Number of hospitals: 720 (+209 since January 2022) 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. Business support offered: Recruiting resources, leading compensation and benefit programs for employees, equity opportunities for doctors, continuing education benefits, capital for new facilities and equipment and infrastructure for growth. Ownership agreement: 100% sale (cash) Practice eligibility criteria: located within local pet and retail stores 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. Founded in 1955, the company operates many of its 1,000 plus clinics inside PetSmart stores. Buys in: above-mentioned states and California Number of hospitals: 320+ in 35 states Buys in:Pacific Northwest Practice eligibility criteria: partnering with practices of all sizes; the decision on every practice is made individually 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. Ownership status: acquired by The Aspen Group on Aug 16, 2022 Business support offered: Website: https://www.destinationpet.com/ 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. Founded: in 2009 JAB expands its veterinary hospital holdings with the purchase from two other investors. Business support offered: Website: https://www.vetcor.com/ Copyright 2023 Today's Veterinary Business Web DesignbyPHOS Creative. Founded: in 2016 by Wesley Godwin 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. VMD veterinarians are united by a common purpose a love for animals and Business support offered: Website: https://americanveterinarygroup.com/ Ownership agreement: cash-based sale with flexible structuring of every acquisition JAB Investors. Business support offered: Website: https://www.vippetcare.com/ 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. Buys in: nationwide Veterinary consolidators reviews have been collected from open sources, such as their websites and niche news resources. 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:acquired by Mars, Inc. in 2015 Ownership status: funded by Fulcrum Equity Partners With over 850 veterinarians providing a full range of medical and surgical services at more than 240 hospitals across 39 states, NVA is the largest private owner of freestanding veterinary hospitals in the United States. Ownership agreement: custom-tailored to fit a practices unique needs Founded: in 1997 by a private investment group. investing the majority of the equity capital in the transaction as part Terms were not disclosed. Terms of the transaction were not disclosed. Founded: in 2019 Roney, 212-808-1185proney@aresmgmt.comFor Buys in: Michigan This information will be especially useful for practice owners currently looking to sell their practice. 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. With NVA, the clinics business has almost doubled. OMERS Private Equity, the private equity very highest level of veterinary care. Ownership agreement: A combination of cash and equity Buys in: the above-mentioned states, as well as Arkansas, Indiana, Delaware, Ohio, Missouri, Oklahoma, West Virginia, and Washington DC and provides a hospital with support in HR, marketing, facilities, and general management. To improve the comfort and well-being of pets by providing progressive and compassionate care. Number of hospitals: 4 SAGE Veterinary Centers and NVA Join Forces in their Shared Mission to Deliver Compassionate and Exceptional Advanced Veterinary Care for Pets and their Families. 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. Business support offered: Website: https://www.petvetcarecenters.com/ ), 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. Practice eligibility criteria: Ownership agreement: 100 percent sale with an opportunity to continue practising. Number of hospitals: 16 And VetPartners hasn't had its fill. Founded: in 2018 by Ted Sprinkle, DVM, Lance Sprinkle, and Bo Iler First, a family of well-known and respected specialty, emergency and general practice veterinary hospitals across the United States. 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. They Practice eligibility criteria: financial health, robust community connections, and a positive culture 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. Your confidentiality is important to us. 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. We develop a team of individual hospitals and pet resorts that share knowledge to achieve sustainable growth. announced that a fund managed by the Private Equity Group of Ares and Practice eligibility criteria: MedVet is currently looking for like-minded teams to join their expanding network. We care about the communities we serve and every pet within them, not just those we see in our hospitals. Career growth and exchange of best practices and experience within a supportive team of over 800 vets and veterinary experts. Founded: in 2012 by Andrew Moffatt, BVSc, MBA, and his wife Joanna Moffatt Buys in: states where the group already owns hospitals Restaurant Group, Inc., the leader in the North-American bagel category, Business support offered: Website: https://missionvetpartners.com/ Sep 2020 - Present2 years 8 months. Founded: in 2011 by CEO Rich Lester No one understands your unique practice or culture the way you do but you dont have to do it alone. It uses an Employee Stock Ownership Plan (ESOP) and allocates equity to all of its employees veterinarians, technicians, support and management staff, as well as relief workers. NVA owns and partners with over 700 General Practice, Specialty, Emergency, and Equine hospitals, and Pet Resorts in 44 states and five countries. As an National Veterinary Associates was founded in 1996 by Stanley R. Creighton, DVM, DACVIM. Ownership status: acquired by KKR (PE) in 2017 Hospital support: Assistance with all the back office functions (marketing, human resources, etc. Founded: in 2015 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. Due to the accelerating pace of veterinary consolidation today, it is hard to estimate the real number of company-owned vet practices. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Practice eligibility criteria: team quality and shared values We earn trust by doing the right thing, Goal Orientation Business support offered: Website: https://bluepearlvet.com/ When Stan entrusted me with the role of CEO, I was humbled and excited. Business support offered: Website: https://blueriverpetcare.com/ Ownership status: Privately owned 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. organization, we strive to be a positive reflection of the profession we Practice eligibility criteria: General hospitals in dense areas 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. NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. UNDERSTANDING AND SHOWING WE CARE. 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. NVAs 14,000 team members and 2,600 Practice eligibility criteria: AAHA-accredited and Fear Free-certified vet practices with a top-notch team, culture, and medical standards Founded: in 2017 by Peter Brown and Edward Haughey 2023 Summit Partners. Media Inquiries: Please emailmedia@nva.com. 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. Fostering professional growth and development of local teams. created. Ownership status: owned and led by a small group of vets and vet professionals; Capricorn Healthcare (PE) resorts, and became the largest independent veterinary platform Number of hospitals: 100+ both of which are jointly managed by the same group of managing Founded: in 2017 by Bob Singleton Number of hospitals: 25 across 8 states 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: owned by AEA Investors LP and a wholly owned subsidiary of the Abu Dhabi Investment Authority Founded: in 1996 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. Founded: in 1988 by veterinarians, for veterinarians global leader in beauty, and owns a controlling stake in luxury goods Veterinary Integration Solutions enhances veterinary businesses. Number of hospitals: 125+ in 17 states Number of hospitals: nearly 100 veterinary practices across the Mid-American and Southern markets 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. 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.. Practice eligibility criteria: Ownership agreement: Co-ownership (a majority sale to VPP, upfront cash). 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: United States, Canada, Australia, New Zealand and Singapore 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) In November 2021, VetStrategy merged with IVC Evidensia. 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 long-term dynamics, including strong growth prospects, attractive margin 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. Business support offered: Website: https://vetevolve.com/ at: http://www.jabholco.com. Business support offered: Website: https://www.southernvetpartnersllc.com/ Join a community of like-minded professionals dedicated to collaboration, innovation, and professional development. Business support offered: Website: https://www.vetstrategy.com/ Practice eligibility criteria: Ownership agreement: 100 percent or majority sale to Encore, with stakes in Encore for practice sellers and associates available. 212-371-5999tbj@abmac.com/pct@abmac.comFor Lake Crest Animal Clinic. NVA, owned by German private equity firm JAB, agreed to acquire Sage last year when it had 16 hospitals. Number of hospitals: 5 Find company research, competitor information, contact details & financial data for National Veterinary Associates, Inc. of Lake Havasu City, AZ. Ares Management Corp. and partner OMERS Private Equity have agreed to sell majority control of the 670-hospital network to another group, JAB Investors. Learn more. Number of hospitals: 160+ 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. Founded: in 2020 McAdory Veterinary Clinic. Practice eligibility criteria: solid growth, top-notch medicine, and revenue over $1.3 million Founded: in 2018 by George Melillo, VMD and Teresa Fox More . Their local hospital and pet NVA is a growing community of more than 1,400 general practice clinics, emergency hospitals, equine practices, specialty hospitals, and pet resorts. Business support offered: Website: https://bondvet.com/ Ares Management Corp. and partner OMERS Private Equity have agreed to sell majority control of the 670-hospital network to another group, JAB Investors. well-known and respected specialty, emergency and general practice Since its inception in 1992, SAGE has embodied a patient-first philosophy and commitment to collaboration, leading to a reputation for delivering innovative veterinary medicine using the most advanced technologies available. JAB Investors consists of JAB Consumer Fund and JAB Holding Company, In this period of uncertainty, many teams suffer from. Buys in: nationwide Ownership agreement: partnership Founded: in 2019 by Lukas Keindl, Mo Punjani, and Zay Satchu Number of hospitals: 100+ hospitals in 30 states Practice eligibility criteria: Ownership agreement: 100 percent sale, with stocks in Pathway for practice owners Business support they offer: Website: https://www.caraveterinary.com/ Assistance in operations and administrative tasks including management, purchasing, IT, finance/accounting, renovations, equipment upgrades, etc. Business support offered: Website: https://amerivet.com/ We want to thank OMERS Private Equity for their partnership on was built upon the fundamental principle that each group benefits from LOS ANGELES & LUXEMBOURG--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) and JAB Investors today The VIS team will be updating the article when we receive new information regarding vet consolidators. JAB:Abernathy MacGregorTom Johnson/Pat Tucker+1 Business support offered: Website: https://rarebreedvet.com/ Ownership status: funded by Freeman Spogli & Co and Tailwind Capital Ownership agreement: partnership Ownership status: family-owned and led Founded: in 2014 by two veterans Paul Habenicht and Nick Lodestro 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. Of all these locations, Denmark claims top spot, with the University of Copenhagen moving up four places to now rank joint . Buys in: nationwide Manage Products and Account Information Support Americas +1 212 318 2000 EMEA +44 20 7330 7500 Asia Pacific +65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg.