NVAs CEO, Greg Hartmann, MBA, said the chain isnt done expanding. Ownership status: a majority interest acquired by Crane Group in 2016 end, NVA provides cutting edge tools and resources for its veterinarians Does Mars candy own Banfield? More . Business support offered (back-office, management, pharmaceuticals, etc.) Founded:in 1996 by brothers Neil and Darryl Shaw, DVM, DACVIM. globally. Founded in 1986, VCA is a family of hometown animal hospitals committed to making a positive impact for pets, people, and our communities. Website: https://www.carevethealth.com/ Ownership status: Berkshire Private Equity initially invested in VetStrategy in July 2020. Buys in:Alaska, Washington, Oregon, Idaho, Utah, Colorado, Wisconsin, Minnesota, Montana, Indiana, Arizona, Texas, Virginia Practice Description: National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. Number of hospitals: 25 across 8 states Buys in:Pacific Northwest Mendel, 212-397-1030bill@mendelcommunications.comorInvestors:Carl Founded: in 1999 Veterinary Integration Solutions enhances veterinary businesses. 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 Buys in: nationwide (both urban and suburban) 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. 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. Founded: in 1997 by a private investment group. of its investment strategy in the pet care industry, and JAB Holding The companies are listed in chronological order by the year they were established. Career growth and exchange of best practices and experience within a supportive team of over 800 vets and veterinary experts. Number of hospitals: 1,000+ hospitals in the U.S., Canada, Brazil, and Japan (primary care 90 percent, specialty 10 percent). Ownership status: Privately owned For the love of animals and the people who love them. "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. Ownership status: family-owned and led in the transaction. Founded: in 2006 by co-founders Litman and Jon Shell investing the majority of the equity capital in the transaction as part Stay current with the latest techniques and information Sign up below to start your FREE Todays Veterinary Business subscription today. Business support they offer: Website: https://www.caraveterinary.com/ Your confidentiality is important to us. ), Support in marketing and IT (better access to advanced technologies and marketing tools, facilitated client acquisition, etc.). It has since been ordered by the Federal Trade Commission to sell six hospitals due to competition concerns. Founded: in 2020 Joe Luceri and Len Podolsky Number of hospitals: 450+ locally branded practices (ranging from preventative/primary pet care to emergency clinics and surgeries) in more than 37 states 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) Leading Animal Hospital Group NVA Acquires Ethos Veterinary Health September 9, 2021 Admin National Veterinary Associates (NVA) which owns nearly 1,200 independently managed veterinary hospitals providing specialty, emergency, and general medical care for pets has recently ANNOUNCED the acquisition of Ethos Veterinary Health (Ethos). Ownership status: owned by the management team and Metalmark Capital PE (acquired interest from Prospect Partners in 2019) Buys in: South and Southeast United States For the love of animals and the people who love them. boarding and daycare, specialty and ER animal care, aftercare, equine, Number of hospitals: 30 (+20 since January 2022) locations in the Mid-Atlantic region (U.S.) Practice eligibility criteria: located within local pet and retail stores Founded: in 2019 by Steven Eidelman & Ben Jacobs Practice eligibility criteria: Ownership agreement: individually structured to meet every practices unique needs Please provide the phone number and email address where you would like to be reached. 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. Our Story | NVA - National Veterinary Associates UNDERSTANDING AND SHOWING WE CARE. Business support offered: Website: https://galaxyvets.com/ CPF believes that the most significant societal impact and investment returns from healthcare for the next decade will be generated by investment in delivery model innovation. Founded: in 2012 by Gino Volpacchio and L. Catterton Business support offered: Website: https://vetevolve.com/ 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. For more information about Chicago. 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. The largest private owner of freestanding veterinary hospitals in the U.S. 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. veterinary hospitals across the United States. 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 Subscribe to our weekly newsletter and receive hot news from the veterinary industry straight out of the oven. VIP Pet Care handles the medical side, providing a variety of vet services such as diagnostic testing, vaccinations, microchipping, and prescription medications. MedVet considers every partnership opportunity individually. Founded: in 2022 by Dr. Thomas Scavelli 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. Ownership status: owned and led by veterinarians, a minority interest acquired by RiverGlade (PE) in 2019 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. success., I want to thank the Ares Private Equity team and OMERS for their Business support offered: Website: https://www.vippetcare.com/ Practice eligibility criteria: MedVet is currently looking for like-minded teams to join their expanding network. Business support offered: Website: https://americanveterinarygroup.com/ Restaurant Group, Inc., the leader in the North-American bagel category, Number of hospitals: 22 company in the ready-to-eat food market, Peet's Coffee & Tea, a premier Number of hospitals: 1400+(specialty, ER hospitals, and pet resorts) in the U.S., Canada, Australia, and New Zealand EMPOWERING OTHERS AND ENABLING GOOD WORK, We lead by Learn more. Our animal care ecosystem spans the United States, Canada, Australia, New Zealand, and Singapore. Ownership agreement: buyout 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. Reno, Nevada, United States. Due to the accelerating pace of veterinary consolidation today, it is hard to estimate the real number of company-owned vet practices. animal care teams, combined with its high-performance culture, has veterinary medicine is best practiced when veterinarians craft their own 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. Find a Hospital. 2023 Summit Partners. Maintaining the local brand identity and full clinical autonomy. This can play into the hands of practice owners planning retirement. 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. Number of hospitals: 3,700 (+300 since January 2022) community clinic locations and 200+ wellness centers (The company partners with local pet and retail stores to provide affordable preventative and wellness pet care hosted within their facilities. 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 agreement: cash-based sale and stock options opportunity with flexible structuring of every acquisition 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: 100% sale (cash) Ownership status: acquired by Nordic Capital (PE) in 2021 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. Blair & Company, L.L.C. We invest in innovative medical practices, modernizing the pet parent experience and the well-being of our people. Egberts (JDE), the largest pure-play FMCG coffee company in the world, One of the oldest mergers and acquisitions companies, VCA also owns 35 Pet CancerCare Centers and companion animal practices it acquired from CAPNA. National Veterinary Associates | LinkedIn VetValue has many resources for DVM Owners looking to learn more about the practice sale process. Ares Management Agrees to Sell NVA, the Leading Independent Veterinary JAB:Abernathy MacGregorTom Johnson/Pat Tucker+1 Ownership agreement: 100 percent sale to VetCor, with flexible employment opportunities for practice owners And we never lose sight of what is important - pets, their families, our doctors, our people, and championing the advancement of veterinary medicine. Who bought out National Veterinary Associates? Number of hospitals: 168 (+12 since January 2022) London, New York, Singapore and Toronto, seeks to use its significant Founded: in 2002 by Fred Goldsmith Business support offered: Website: https://www.veritasvetpartners.com/ 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. NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. 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. Dr. Gretchen Hutts passions include the practice she founded, spending time with her family and traveling the world. We develop a team of individual hospitals and pet resorts that share knowledge to achieve sustainable growth. NVA partners with over 700 general practice hospitals, Buys in: Midwest, Mountain West and Florida Website: https://evervetpartners.com/ Ares believes each of its three distinct but complementary Ownership agreement: flexible deal structures designed to meet the unique needs of each practice owner Founded: in 2016 by Matthew Sussman, Jake Sloane, and Frank Zhang agreement to sell National Veterinary Associates (NVA), one of the It will not surprise you to find out those same companies-with a few new players-are still growing in 2019. Business support offered: Website: https://blueriverpetcare.com/ Ownership status: 100% owned by the founding family and veterinarians Practice eligibility criteria: individually decided 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. The deal has led VetPartners to leapfrog Greencross Vets which has more than 150 practices to become the biggest veterinary practice owner Down Under. Number of hospitals: 100 NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. Number of centers: 120+ (vet hospitals and pet care facilities) Cons Business support offered: Website: https://www.southernvetpartnersllc.com/ Ownership status: acquired by OMERS (PE) in 2019 National Veterinary Associates - Veterinary Job & Externship Fair Ownership agreement: partnership Her NVA partnership gives her more time off while maintaining a stable, growing practice. Ownership status: backed by Waud Capital Partners (PE) since 2018 They are strong supporters Ownership status: PE baked by Harvest Partners, LP and Cressey & Company, LP Buys in: Michigan 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. 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. Number of hospitals: 187 (+53 since January 2022) veterinary practices across 35 states 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. Under Greg Hartmanns leadership, NVA has continued its rapid growth trajectory. Business support offered: Website: https://www.encorevet.com/ NVA owns and partners with over 700 General Practice, Specialty, Emergency, and Equine hospitals, and Pet Resorts in 44 states and five countries. retailer of high-quality premium coffee products, Einstein Noah National Veterinary Associates Inc - Company Profile and News Buys in: nationwide 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. Buys in: 30 States in US resort leaders embody the entrepreneurial spirit in which NVA was Business support offered: Website: https://www.thrivepetcare.com/ NVA Launches Scholarship Program in Partnership with Purdue Veterinary 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. 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. CEO Gregory Hartmann and Senior NVA Management Team to Maintain 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. Practice eligibility criteria: Ownership agreement: 100 percent sale, with stocks in Pathway for practice owners Our hospitals and their teams are what make us who we are. Practice eligibility criteria: Ownership agreement: part-ownership model for veterinarians and key administrators Founded: in 2015 Practice eligibility criteria: solid growth, top-notch medicine, and revenue over $1.3 million announced that a fund managed by the Private Equity Group of Ares and company Bally. 212-371-5999tbj@abmac.com/pct@abmac.comFor "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." NVA's independently managed veterinary hospitals are in the United States, Canada, Australia, New Zealand and Singapore. Practice eligibility criteria: profitability, the potential for growth, and cultural fit the NVA community for the long-term as they continue building a global Ownership status: acquired by Align Capital Partners in 2020 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. 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 Jacob Osborn - Recruiter - National Veterinary Associates | LinkedIn Business support offered: Website: https://valleyveterinarycare.com/ Buys in: Ohio, Texas and Georgia of our mission of providing progressive and compassionate care. Part of the Mars, Incorporated family of companies, Banfield owns clinics in the United States, Mexico, and the United Kingdom. Buys in: Bay Area, Pacific Northwest, and Rocky Mountains Buys in: nationwide Eligibility to become an ESOP participant is to work at least 20 hours per week in any of Galaxy Vets settings. Business support offered: Website: https://rarebreedvet.com/ All rights reserved. National Veterinary Associates | 47,285 followers on LinkedIn. veterinarians are united by a common purpose a love for animals and are proud to have supported the company during its significant growth Veterinary consolidators reviews have been collected from open sources, such as their websites and niche news resources. Buys in: United States, Canada, Australia, New Zealand and Singapore JAB Investors. We have over 14,000 veterinary professionals that improve the. 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. NVA and we wish the NVA team and its animal care teams continued Buys in: states in the Eastern half of the United States and well-being of animals by providing progressive and compassionate Business support offered: Website: http://veterinaryunited.com/ Buys in: U.S. East Coast We want to thank OMERS Private Equity for their partnership on Ownership status: backed by LetterOne (international investment business) Number of hospitals: 160+ long-term dynamics, including strong growth prospects, attractive margin 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. 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.". OMERS had private equity net investment asset exposure of C$14.2 billion Founded: in 1995 | NVA is the largest private owner of freestanding veterinary hospitals. Ownership status: acquired by JAB Investors from Ares Management (PE) and OMERS (PE) in 2019 (JAB also owns Compassion-First Pet Hospitals) Ownership status: owned by AEA Investors LP and a wholly owned subsidiary of the Abu Dhabi Investment Authority NVA is a growing community of more than 1,400 general practice clinics, emergency hospitals, equine practices, specialty hospitals, and pet resorts. They Australia, and New Zealand. Ownership agreement: 100 percent sale only (no joint venture models) as long-term family ownership is Cara Veterinarys primary objective 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. Founded: in 2011 by CEO Rich Lester Founded: in 2017 by David Saginur and Ryan Joseph Ownership status: acquired by PetIQ, Inc. (NASDAQ: PETQ) Dr Pepper, a leader in the North American beverage market, Jacobs Douwe Buys in: nationwide National Veterinary Associates is a provider of veterinary and pet care services for hospitals and communities. Ownership status: backed by Revelstoke Capital Partners CPF actively looks to partner with organizations focused on delivering the highest quality of service to patients and providers. Laura Koester Rooted in a culture of compassion, innovation . For general inquiries, call 805.777.7722 or fill out our general contact form. specialty + ER hospitals, equine hospitals, and pet resorts in the U.S., core strategic objective to support and invest in veterinarians and Ownership status: acquired by Oak Hill Capital Partners (PE) in 2021 National Veterinary Associates Overview Website: www.nva.com Headquarters: Agoura Hills, United States Size: 10000+ Employees Founded: 1996 Type: Company - Private Industry: Pet Care & Veterinary Revenue: Unknown / Non-Applicable Competitors: Banfield Pet Hospital, BluePearl Specialty + Emergency Pet Hospital, VCA Create Comparison VCA Antech . Founded: in 2017 by John Bork, Bob Lester, DVM, and Tom Reuss Number of hospitals: 50+ resort-style locations (veterinary care plus boarding, grooming, and day camps) across US Ownership status: backed by Percheron Capital (PE) Buys in: above-mentioned states Please fill out the form below if you want to receive new versions by email. Business support offered: Website: https://www.mypetsvetgroup.com/ Ownership agreement: cash-based sale with flexible structuring of every acquisition Buys in: 30+ states To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. What type of buyout am I to choose? Economies of scale (financial benefits from partnering with a larger network). National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. Contact Information Website www.nva.com Ownership Status Acquired/Merged (Operating Subsidiary) Financing Status Private Equity-Backed Primary Industry Other Services (B2C Non-Financial) With NVA, the clinics business has almost doubled. VMD Number of hospitals: 104 (+14 since January 2022) in 24 states in the East Coast, and Midwest plus Colorado Ownership status: acquired by KKR (PE) in 2017 Ownership agreement: sale/co-ownership Website: https://www.modernanimal.com/ VetCor controls the administrative part of the business (including accounting, payroll,, etc.) Founded more than 22 years ago, NVA offers a full range of veterinary Our combined resources will expand our collective ability to support and enable our incredible veterinarians and clinical teams in all the communities we serve. Practice eligibility criteria: Ownership agreement: 100 percent or majority sale to Encore, with stakes in Encore for practice sellers and associates available.