NVA, owned by German private equity firm JAB, agreed to acquire Sage last year when it had 16 hospitals. Ownership status: family-owned and led 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. We update information about veterinary groups several times a year. Ownership status: acquired by OMERS (PE) in 2019 DVM support system: a DVM relief network to allow for a better work-life balance while you enjoy a robust benefits package. Founded: in 1995 We have over 14,000 veterinary professionals that improve the. Business support offered: Website: https://www.thrivepetcare.com/ Founded: in 1986 by Bob Antin, Art Antin, and Neil Tauber Business support offered: Website: https://vetevolve.com/ CPF actively looks to partner with organizations focused on delivering the highest quality of service to patients and providers. 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. VIP Pet Care handles the medical side, providing a variety of vet services such as diagnostic testing, vaccinations, microchipping, and prescription medications. Buys in: above-mentioned states and California Founded: in 2016 by George Robinson, DVM Story published in April 2021 National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. We believe medicine is best practiced when . Founded: in 2009 ), 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. Founded: in 2020 Huntsville, AL. Practice eligibility criteria: Ownership agreement: 100 percent or majority sale to Encore, with stakes in Encore for practice sellers and associates available. Ownership agreement:Individually evaluated on case by case basis Founded: in 2019 As part of its mission, NVA believes that Practice eligibility criteria: Ownership agreement: 100 percent cash sale As an We promise not to spam you too much. 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. Practice eligibility criteria: Forward-thinking independent practices generating more than $1M in gross revenues. What makes the veterinary industry so enticing for big corporations? 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. NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. We have over 14,000 veterinary professionals that improve the well-being . Number of hospitals: 4 Practice eligibility criteria: MedVet is currently looking for like-minded teams to join their expanding network. NVA:Laura Koester+1 310-292-8431laura.koester@nva.com, Internet Explorer presents a security risk. Buys in: across the US 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 Number of centers: 120+ (vet hospitals and pet care facilities) Our doctors and pet care teams share best practices, medical knowledge, innovation and insights. 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 Business support offered: Website: https://allianceanimal.com/ Founded: in 2019 by Steven Eidelman & Ben Jacobs Founded: in 2017 by David Saginur and Ryan Joseph No one understands your unique practice or culture the way you do but you dont have to do it alone. 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 Cons We bring proven processes, modern technologies, and our deep domain expertise to the rapidly growing veterinary consolidation market. 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. 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.". Buys in: Mid-Atlantic, Midwest, Northeast and Southeast Egberts (JDE), the largest pure-play FMCG coffee company in the world, Ownership status: acquired by JAB Investors from Ares Management (PE) and OMERS (PE) in 2019 (JAB also owns Compassion-First Pet Hospitals) We Cash-plus-stock-in-SVP deals are also available. long-term dynamics, including strong growth prospects, attractive margin Eligibility to become an ESOP participant is to work at least 20 hours per week in any of Galaxy Vets settings. Join a community of like-minded professionals dedicated to collaboration, innovation, and professional development. 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. Founded: in 1984 Number of hospitals: 7 Practice eligibility criteria: solid growth, top-notch medicine, and revenue over $1.3 million For more information about Chicago Pacific Founders, visit www.cpfounders.com. Handling back-office finance and accounting such as accounts payable, payroll, tax, financial reports, etc. OMERS invests and administers pensions for nearly a half a 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. Ownership status: backed by Revelstoke Capital Partners Buys in: within Petco stores in Northern California Practice eligibility criteria: shared core values approach to best serve the needs of their local communities. 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. Buys in: West and Southwest US Ownership status: acquired by PetIQ, Inc. (NASDAQ: PETQ) One of the largest animal hospital chains, National Veterinary Associates, is getting a new owner. Dr Pepper, a leader in the North American beverage market, Jacobs Douwe Lake Crest Animal Clinic. The deal has led VetPartners to leapfrog Greencross Vets which has more than 150 practices to become the biggest veterinary practice owner Down Under. Find company research, competitor information, contact details & financial data for National Veterinary Associates, Inc. of Lake Havasu City, AZ. Number of hospitals: 25 across 8 states to deliver the most advanced high-quality care and client services. Ownership status: funded by SkyKnight If you are here because you are thinking about selling your practice, make sure you do your homework. and differentiated capital base to partner with management teams of Use the Filter menu to select specific services or Hospital types you are interested in sorting by. In 1997, I started buying clinics from retiring veterinarians who stayed on to spend their time doing what they loved - practicing medicine. Website: https://www.inspirevet.com/ company in the ready-to-eat food market, Peet's Coffee & Tea, a premier Practice eligibility criteria: General hospitals in dense areas Ownership agreement: buyout Ownership status: majority interest was acquired by North Castle Partners (PE) in 2018; minority interest is held by several shareholders ), Freedom for vet practice owners in running a business as they see fit, Practices staff, culture, and name are kept intact. 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. 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. Practice eligibility criteria: individually decided Business support offered: Website: https://rarebreedvet.com/ Buys in: East of the Mississippi River in the U.S. Consumer Fund and JAB Holding Company have controlling stakes in Keurig investment groups in Credit, Private Equity and Real Estate is a market Business support offered: Website: https://wellhaven.com/ 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. We want to thank OMERS Private Equity for their partnership on NVA. EMPOWERING OTHERS AND ENABLING GOOD WORK, We lead by 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 Ares:Media:Mendel CommunicationsBill Ownership status: acquired by TSG Consumer Partners (PE) in 2020 Canada, Australia, and New Zealand. and cash flow characteristics, and proven resiliency. being part of the greater whole. Also partners with pet resorts and daycare locations looking to add veterinary to their services. Buys in: nationwide Find a Hospital. Practice eligibility criteria: buying vet practices and pet resorts Practice eligibility criteria: Excellent community reputation and shared long term core values We are grateful for the opportunity to have partnered with NVAs Ownership status: funded by Fulcrum Equity Partners Hoover, AL. Ownership agreement: flexible deal structures designed to meet the unique needs of each practice owner Ownership status: Berkshire Private Equity initially invested in VetStrategy in July 2020. Terms of the transaction were not disclosed. was built upon the fundamental principle that each group benefits from With NVA, the clinics business has almost doubled. veterinary hospitals across the United States. Together, JAB Founded: in 1999 Due to the accelerating pace of veterinary consolidation today, it is hard to estimate the real number of company-owned vet practices. Handling back-office functions such as finance, marketing, payroll, benefits, HR, etc. 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: 100 percent sale with an opportunity to continue practising. McAdory Veterinary Clinic. Buys in: Arizona 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 Founded: in 2017 by John Bork, Bob Lester, DVM, and Tom Reuss Trussville Main Street Animal Clinic. has adhered to a disciplined investment philosophy that focuses on Founded: in 2012 Number of hospitals: prefers not to disclose Australia, and New Zealand. Business support offered: Website: https://www.encorevet.com/ Ownership status: acquired by L Catterton Number of hospitals: 100 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. 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. Business support offered: Website: https://veterinaryemergencygroup.com/ Business support offered: Website: https://www.petparadise.com/ By partnering with NVA, we can help you successfully navigate the business side of veterinary medicine. Buys in: Ohio, Texas and Georgia . Who bought out National Veterinary Associates? Ownership status:Investors: D1 Capital Partners And Fidelity Management and Research Company Number of hospitals: 71 (+5 since January 2022) Ownership status: majority interest acquired by Shore Capital Partners in 2017; minority belongs to the team of veterinarians | NVA is the largest private owner of freestanding veterinary hospitals. Ownership status: backed by Waud Capital Partners (PE) since 2018 Founded: in 1996 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. specialty coffee and tea company, Caribou Coffee Company, a specialty Website: https://www.arizonapetvet.com/ Business support offered: Website: https://www.petvetcarecenters.com/ 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: partnership Ownership status: 100% owned by the founding family and veterinarians NVAs veterinarians and animal care professionals provide a full NVA has over 1100 vet practices and pet resorts in America. After selling his practice to NVA in 2012, Dr. John Paulson was committed to his life's passion and continuing to work in the profession he loves. continue to lead the business with their deep and personal commitment to Part of the Mars, Incorporated family of companies, Banfield owns clinics in the United States, Mexico, and the United Kingdom. Moving forward, we feel JAB Investors will be a great partner for us as we focus on our next phase of growth, he said. Your confidentiality is important to us. Fostering professional growth and development of local teams. For more information, please visit the company's website Private equity (PE) backed consolidators (. under management as of March 31, 2019 and 18 offices in the United Skadden, Arps, Slate, Meagher & Flom LLP, and Crowell & Moring LLP provided legal counsel to NVA. Please provide the phone number and email address where you would like to be reached. Contact Information Website www.nva.com Ownership Status Acquired/Merged (Operating Subsidiary) Financing Status Private Equity-Backed Primary Industry Other Services (B2C Non-Financial) 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. veterinary medicine is best practiced when veterinarians craft their own Media Inquiries: Please emailmedia@nva.com. Business support offered: Website: https://valleyveterinarycare.com/ 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. Ownership status: veterinarian-owned (formed by Shore Capital Partners (PE)) Laura Koester Business support offered: Website: https://vetncare.com/ JAB is the parent company of two firms that operate chains of veterinary clinics providing general, specialty, and emergency care - Compassion-First Pet Hospitals and National Veterinary Associates, Inc. Ethos owns and operates specialty and emergency veterinary clinics in nine states. Founded:in 1996 by brothers Neil and Darryl Shaw, DVM, DACVIM. pet resorts across 43 states in the United States, as well as in Canada, 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. First, a family of well-known and respected specialty, emergency and general practice veterinary hospitals across the United States. Founded: in 2017 by Jeff Rothstein, DVM, and Vic Dhillon, DVM This article is a snapshot of the consolidation market. Ownership agreement: 100 percent or majority sale to Innovetive PetCare Buys in: nationwide animal care teams, combined with its high-performance culture, has end, NVA provides cutting edge tools and resources for its veterinarians Ownership status: family-owned Practice eligibility criteria: Ownership agreement: typically a majority sale to AmeriVet, but 100 percent sales and other types of deals are also possible. Practice eligibility criteria: AAHA-accredited and Fear Free-certified vet practices with a top-notch team, culture, and medical standards NVAs 14,000 team members and 2,600 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. McCalla, AL. 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. 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. NVA is owned by JAB Holdings, a company that is owned by the Reimann family. We care about the communities we serve and every pet within them, not just those we see in our hospitals.
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