who owns national veterinary associates
Practice eligibility criteria: MedVet is currently looking for like-minded teams to join their expanding network. Website: https://evervetpartners.com/ 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. Business support offered: Website: https://blueriverpetcare.com/ of our mission of providing progressive and compassionate care. Practice eligibility criteria: Ownership agreement: part-ownership model for veterinarians and key administrators company Bally. The companies are listed in chronological order by the year they were established. premium-quality sweet treats, and in Espresso House, the largest branded globally. Mendel, 212-397-1030bill@mendelcommunications.comorInvestors:Carl pet resorts across 43 states in the United States, as well as in Canada, "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. Buys in:Pacific Northwest VetValue has many resources for DVM Owners looking to learn more about the practice sale process. million members through originating and managing a diversified portfolio McCalla, AL. Number of hospitals: 1,000+ hospitals in the U.S., Canada, Brazil, and Japan (primary care 90 percent, specialty 10 percent). Business support offered: Website: https://galaxyvets.com/ Ownership status: backed by LetterOne (international investment business) Practice Description: National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. Founded: in 1986 by Bob Antin, Art Antin, and Neil Tauber Practice eligibility criteria: Ownership agreement: 100 percent sale with an opportunity to continue practising. CEO Gregory Hartmann and Senior NVA Management Team to Maintain VetPartners is owned by California-based National Veterinary Associates (NVA), one of the largest corporate consolidators in the U.S. Buys in: South and Southeast United States For the love of animals and the people who love them. Ownership agreement: partnership/co-ownership or starting a completely new practice (preferred growth model is through joint-venture partnerships with veterinarians) coffee shop chain in Scandinavia, and Compassion First, a family of Laura Koester Ownership agreement: 100 percent sale (cash) veterinarians are united by a common purpose a love for animals and Practice eligibility criteria: general and emergency practices Business support offered: Website: https://www.vca.com/ outstanding partnership as we entered into new pet care lines including LOS ANGELES & LUXEMBOURG--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) and JAB Investors today NVA is a growing community of more than 1,400 general practice clinics, emergency hospitals, equine practices, specialty hospitals, and pet resorts. Ownership status: owned by the Moffatt family 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. 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. JAB Holding Company is also the largest shareholder in Coty Inc., a 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 Improved operational efficiency through HQ-staffed telehealth and hands-on growth lever implementation, including centralized recruiting, vendor management, inventory management, and workflow optimization. All rights reserved. Their local hospital and pet Ownership agreement: partnership Egberts (JDE), the largest pure-play FMCG coffee company in the world, Trussville Main Street Animal Clinic. Ownership agreement: deals ranging from 100 percent sale to co-owning. Ownership agreement: 100 percent or majority sale to Innovetive PetCare Founded: in 2016 by Matthew Sussman, Jake Sloane, and Frank Zhang Founded in 1962, OMERS is one of Canadas largest defined benefit Number of centers: 120+ (vet hospitals and pet care facilities) NVA, owned by German private equity firm JAB, agreed to acquire Sage last year when it had 16 hospitals. 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. For general inquiries, call 805.777.7722 or fill out our general contact form. 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. 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. Number of hospitals: 27 practices Business support offered: Website: https://www.vetstrategy.com/ 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 core strategic objective to support and invest in veterinarians and NVA and we wish the NVA team and its animal care teams continued are proud to have supported the company during its significant growth Business support offered: Website: https://www.nva.com/ company in the ready-to-eat food market, Peet's Coffee & Tea, a premier 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. Ownership status: funded by Freeman Spogli & Co and Tailwind Capital veterinary medicine is best practiced when veterinarians craft their own 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. Practice owners considering the co-ownership model and willing to stay and help grow the practice. cycles. and differentiated capital base to partner with management teams of 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. We develop a team of individual hospitals and pet resorts that share knowledge to achieve sustainable growth. Media Inquiries: Please emailmedia@nva.com. And VetPartners hasn't had its fill. They are strong supporters of our mission of providing progressive and compassionate care. Ownership agreement: cash-based sale with flexible structuring of every acquisition and expansion into several new countries, said Greg Hartmann, CEO of Number of hospitals: nearly 100 veterinary practices across the Mid-American and Southern markets Please provide the phone number and email address where you would like to be reached. . 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. Proprietary Business Intelligence platform. Founded: in 2016 by Wesley Godwin To improve the comfort and well-being of pets by providing progressive and compassionate care. As part of its mission, NVA believes that Founded: in 2016 by George Robinson, DVM Ownership agreement: 100% sale (cash) To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. NVAs veterinarians and animal care professionals provide a full The joint decision-making model is also available. Number of hospitals: undisclosed Number of hospitals: 330+(95 percent general practice and 5 percent emergency) in Alabama, Florida, Georgia, Mississippi, Kentucky, North Carolina, Louisiana, Maryland, Texas, South Carolina, Virginia, and Tennessee 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. [] Ownership status: owned by AEA Investors LP and a wholly owned subsidiary of the Abu Dhabi Investment Authority 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. 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. Business support offered: Website: https://www.veritasvetpartners.com/ Efficient backup in non-clinical, administrative functions such as accounting and finance, HR, inventory management, marketing, talent acquisition, etc. Number of hospitals: 24 Founded: in 2021 Our doctors and pet care teams share best practices, medical knowledge, innovation and insights. Founded: in 2009 by Dan Blumenthal, Roy Jain, and Ferdie Schmitz 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. being part of the greater whole. Lunch and learn (onsite lectures by vet specialists tailored to meet individual hospitals needs). I could not be more proud of what we started in 1997 and who NVA is today. Buys in: 30 States in US Her NVA partnership gives her more time off while maintaining a stable, growing practice. Roney, 212-808-1185proney@aresmgmt.comFor 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. Website: https://www.modernanimal.com/ Under Greg Hartmanns leadership, NVA has continued its rapid growth trajectory. National Veterinary Associates was founded in 1996 by Stanley R. Creighton, DVM, DACVIM. 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. Practice eligibility criteria: Ownership agreement: individually structured to meet every practices unique needs Ownership agreement: flexible deal structures designed to meet the unique needs of each practice owner Buys in: United States, Canada, Australia, New Zealand and Singapore created. Founded: in 2017 by Jeff Rothstein, DVM, and Vic Dhillon, DVM Practice eligibility criteria: Ownership agreement: 100 percent sale 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. Buys in: Texas, California, Florida Ownership agreement: partnership Business support offered: Website: https://wellhaven.com/ National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. NVA owns and partners with over 700 General Practice, Specialty, Emergency, and Equine hospitals, and Pet Resorts in 44 states and five countries. 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. Rooted in a culture of compassion, innovation . largest veterinary and pet care services organizations in the world, to What type of buyout am I to choose? created an ecosystem which attracts exceptional people to provide the Business support offered: Website: https://www.mypetsvetgroup.com/ No one understands your unique practice or culture the way you do but you dont have to do it alone. NVA partners with over 700 general practice hospitals, 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. Number of hospitals: 450+ locally branded practices (ranging from preventative/primary pet care to emergency clinics and surgeries) in more than 37 states Founded: in 2015 Ownership status:Investors: D1 Capital Partners And Fidelity Management and Research Company veterinary hospitals across the United States. Ownership status: acquired by TSG Consumer Partners (PE) in 2020 Subscribe to our weekly newsletter and receive hot news from the veterinary industry straight out of the oven. Buys in: 20 states 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. Business support offered: Website: https://www.vetcor.com/ 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. Ares Management Corporation is a publicly traded, leading global Ownership agreement: sale/co-ownership Ownership agreement: part-ownership model for veterinarians Number of hospitals: 320+ in 35 states 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. For more information, please visitwww.omersprivateequity.com. Ownership status: acquired by OMERS (PE) in 2019 Jefferies LLC acted as exclusive financial advisor to NVA and William Number of hospitals: 125+ in 17 states Business support offered (back-office, management, pharmaceuticals, etc.) Website: https://www.carevethealth.com/ We care about the communities we serve and every pet within them, not just those we see in our hospitals. Business support offered: Website: https://innovetivepetcare.com/ approach to best serve the needs of their local communities. Buys in: Southeast U.S. Ownership status: acquired by PetIQ, Inc. (NASDAQ: PETQ) Buys in: 30+ states More . Ownership agreement: A combination of cash and equity 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. Ares 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. 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: backed by Percheron Capital (PE) We aim to always exceed expectations, We lead by Buys in:Alaska, Washington, Oregon, Idaho, Utah, Colorado, Wisconsin, Minnesota, Montana, Indiana, Arizona, Texas, Virginia National Veterinary Associates is a provider of veterinary and pet care services for hospitals and communities. Ownership status: family-owned and led 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. Ownership status: funded by Fulcrum Equity Partners Number of hospitals: 720 (+209 since January 2022) Business support offered: Website: https://bondvet.com/ 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. Business support offered: Website: http://veterinaryunited.com/ We are going to give you the list of veterinary consolidators, which we believe are the most prominent in the market and see how they approach buying vet practices. National Veterinary Associates | 53,768 followers on LinkedIn . UNDERSTANDING AND SHOWING WE CARE. very highest level of veterinary care. in the world. For more information about Chicago. 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. Hear from practice owners and veterinarians who have chosen NVA as their trusted partner and community. Buys in: U.S. East Coast and as far west as Kentucky, Ohio, and Tennessee Lake Crest Animal Clinic. Business support offered: Website: https://thevetspets.com/ Buys in: Eastern United States Ownership status: 100% owned by the founding family and veterinarians 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: California Our hospitals and their teams are what make us who we are. Turn your love of animals into the career of a lifetime. We bring proven processes, modern technologies, and our deep domain expertise to the rapidly growing veterinary consolidation market. 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. the people who love them and a common mission to improve the comfort Founded: in 2020 Joe Luceri and Len Podolsky Economies of scale (financial benefits from partnering with a larger network). investment arm of OMERS with a team of investment professionals in NVA. Practice eligibility criteria: individually decided 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. Number of hospitals: 62 in South Carolina, North Carolina, Virginia, Michigan, Ohio, Florida, Wisconsin, and Washington DC Buys in: above-mentioned states Blair & Company, L.L.C. Founded: in 2018 by Dr. Kent Thornberry acted as an advisor to the selling shareholders Buys in: Ohio, Texas and Georgia Updated the current number of clinics for 30 groups, Acquired by Rarebreed Veterinary Partners, VetPartners was removed (outside North America). For more information, please visit the company's of investments in public markets, private equity, infrastructure and Ownership status: family-owned and led 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. At the same time, selling a practice requires planning ahead and devising the right exit strategy. Buys in: Western U.S. (11 states) This can play into the hands of practice owners planning retirement. Buys in: West and Southwest US Part of the Mars, Incorporated family of companies, Banfield owns clinics in the United States, Mexico, and the United Kingdom. Media Inquiries: Please emailmedia@nva.com. boarding and daycare, specialty and ER animal care, aftercare, equine, Ownership status: acquired by Oak Hill Capital Partners (PE) in 2021 Ownership status: acquired by L Catterton investing the majority of the equity capital in the transaction as part This article is a snapshot of the consolidation market. Dramatically increased acquisition pace, adding 150+ veterinary hospitals during Summits investment. delivering strong risk-adjusted investment returns throughout market 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.. Website: https://www.inspirevet.com/ Founded: in 2012 by Gino Volpacchio and L. Catterton has adhered to a disciplined investment philosophy that focuses on the profession. Business support they offer: Website: https://www.caraveterinary.com/ 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. Founded in 1986, VCA is a family of hometown animal hospitals committed to making a positive impact for pets, people, and our communities. Number of hospitals: 4 Reference NVA Employer Code 22264. Robust IT, marketing, accounting, HR, recruiting, and other administrative functions. Can I stay with my practice or this is the end? Does Mars candy own Banfield? Ownership status: owned by the management team and Metalmark Capital PE (acquired interest from Prospect Partners in 2019) 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. Number of hospitals: 187 (+53 since January 2022) veterinary practices across 35 states Practice eligibility criteria: specialty and emergency veterinary clinics ", "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. Find below the summary of December 2022 revision: During the last three decades, rapidly expanding consolidation has changed the veterinary business landscape for good in the U.S. and the rest of the world. Your confidentiality is important to us. National Veterinary Associates (NVA) is second, with about 425 veterinary branches. Number of hospitals: 71 (+5 since January 2022) Use the Filter menu to select specific services or Hospital types you are interested in sorting by. Buys in: nationwide Ownership agreement: buyout Ownership agreement: cash-based sale and stock options opportunity with flexible structuring of every acquisition ), Support in marketing and IT (better access to advanced technologies and marketing tools, facilitated client acquisition, etc.). Business support offered: Website: https://www.petvetcarecenters.com/ | NVA is the largest private owner of freestanding veterinary hospitals. National Veterinary Associates website. Since its inception in 1997, Ares retailer of high-quality premium coffee products, Einstein Noah 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. Ownership agreement: sale with a stake in UVC available for practice sellers Buys in: nationwide They are strong supporters The senior management team at National Veterinary Associates will stay with the Agoura Hills, California, company and retain minority ownership.