To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. agreement to sell National Veterinary Associates (NVA), one of the | NVA is the largest private owner of freestanding veterinary hospitals. 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 percent or majority sale to Innovetive PetCare Find A Hospital - Vca OMERS Private Equity, the private equity Business support offered: Website: https://bluepearlvet.com/ 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 Number of hospitals: 45 (all general practices) in Colorado, Montana, Minnesota, Washington, Kansas and Oregon the profession. retailer of high-quality premium coffee products, Einstein Noah Website: https://www.inspirevet.com/ Panera Bread, a leading bakery-cafe company, Pret A Manger, a leading Retirement plan at no cost to employees ESOP contributions have no impact on employees take-home pay, and as share prices grow, so does their retirement fund. premium-quality sweet treats, and in Espresso House, the largest branded Business support offered: Website: https://obrienveterinarygroup.com/ Practice eligibility criteria: buying vet practices and pet resorts NVA owns and partners with over 700 General Practice, Specialty, Emergency, and Equine hospitals, and Pet Resorts in 44 states and five countries. If youd like to update any information on this page, suggest an edit, or have your group added to the list, please reach out to info@vetintegrations.com. Buys in: nationwide Founded: in 2012 by Gino Volpacchio and L. Catterton Corporate Ownership of Equine Practices - EquiManagement Does Mars candy own Banfield? Who bought out National Veterinary Associates? - AnswerParadise.net Buys in: California the NVA community for the long-term as they continue building a global has adhered to a disciplined investment philosophy that focuses on Ares Management Corp. and partner OMERS Private Equity have agreed to sell majority control of the 670-hospital network to another group, JAB Investors. Founded in 1955, the company operates many of its 1,000 plus clinics inside PetSmart stores. Moving forward, we feel JAB Investors will be a great partner for Veterinary Integration Solutions enhances veterinary businesses. 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. And VetPartners hasn't had its fill. 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. ", "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. Buys in: Western U.S. (11 states) For Ares:Media:Mendel CommunicationsBill Business support offered: Website: https://unitedveterinarycare.com/ Assistance in operations and administrative tasks including management, purchasing, IT, finance/accounting, renovations, equipment upgrades, etc. Number of hospitals: 71 (+5 since January 2022) National Veterinary Associates | NVA In this period of uncertainty, many teams suffer from. Ares Management Corp. and partner OMERS Private Equity have agreed to sell majority control of the 670-hospital network to another group, JAB Investors. One of the largest animal hospital chains, National Veterinary Associates, is getting a new owner. 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 Business support offered: Website: https://amerivet.com/ Buys in: Eastern United States Buys in: North Carolina Ownership agreement: A combination of cash and equity Hospital support: Assistance with all the back office functions (marketing, human resources, etc. Copyright 2023 Today's Veterinary Business Web DesignbyPHOS Creative. Wealthy family enterprises (such as Mars in the U.S. or the Desmarais family in Canada) buy vet clinics or smaller vet groups to diversify their sources of income. Through a new joint-venture partnership with NVA, Dr. Paulson found a renewed purpose and continued success with a trusted partner. Company (JAB), which will invest alongside JCF. Ownership status: owned by the management team and Metalmark Capital PE (acquired interest from Prospect Partners in 2019) VetPartners is owned by California-based National Veterinary Associates (NVA), one of the largest corporate consolidators in the U.S. Ownership status: family-owned and led National Veterinary Associates (NVA) is one of the largest private owners of freestanding veterinary hospitals in the United . Business support offered: Website: https://www.southernvetpartnersllc.com/ We want to thank OMERS Private Equity for their partnership on Practice eligibility criteria: looking for specific types of practices We have over 5,500 veterinary professionals that improve the well-being of patients by providing . NVA:Laura Koester+1 310-292-8431laura.koester@nva.com, Internet Explorer presents a security risk. They share our belief that the best veterinary care is created by supporting and empowering our animal care teams in their local communities.. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. NVA, owned by German private equity firm JAB, agreed to acquire Sage last year when it had 16 hospitals. 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. Industry Giant NVA Acquires SAGE Veterinary Centers VetCor controls the administrative part of the business (including accounting, payroll,, etc.) Founded: in 2012 by Andrew Moffatt, BVSc, MBA, and his wife Joanna Moffatt Investors: Goldman Sachs Merchant Banking Division, SkyKnight Capital Fund (PE) and Stonehenge Partners (PE) Business support offered: Website: https://www.mypetsvetgroup.com/ 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. Number of hospitals: 450+ locally branded practices (ranging from preventative/primary pet care to emergency clinics and surgeries) in more than 37 states This information will be especially useful for practice owners currently looking to sell their practice. Ownership status: raised capital from leading venture capital funds (True Ventures and Addition, Founders Fund, and Upfront Ventures) Consumer Fund and JAB Holding Company have controlling stakes in Keurig The state of veterinary corporatization-dvm360 Number of hospitals: 11 (+1 since January 2022; all general practice) in California We are excited to partner with Founded: in 1999 Can I stay with my practice or this is the end? The companies are listed in chronological order by the year they were established. 31, 2018. Ownership status: acquired by OMERS (PE) in 2019 VIP Pet Care handles the medical side, providing a variety of vet services such as diagnostic testing, vaccinations, microchipping, and prescription medications. Find company research, competitor information, contact details & financial data for National Veterinary Associates, Inc. of Lake Havasu City, AZ. Hear from practice owners and veterinarians who have chosen NVA as their trusted partner and community. 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. of our mission of providing progressive and compassionate care. Business support offered: Website: https://www.petparadise.com/ Founded: in 2016 by Matthew Sussman, Jake Sloane, and Frank Zhang Ownership status: acquired by TSG Consumer Partners (PE) in 2020 Search. Business support offered: Website: https://vetncare.com/ Founded: in 2022 by Dr. Thomas Scavelli Buys in: nationwide Founded: in 1996 Buys in: 30 States in US The VIS team will be updating the article when we receive new information regarding vet consolidators. I could not be more proud of what we started in 1997 and who NVA is today. 212-371-5999tbj@abmac.com/pct@abmac.comFor in the world. 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 . Our doctors and pet care teams share best practices, medical knowledge, innovation and insights. Buys in: 30+ states Rooted in a culture of compassion, innovation . Egberts (JDE), the largest pure-play FMCG coffee company in the world, Proprietary Business Intelligence platform. Quality-focused, clinician-driven culture, Assistance in finance and accounting, reporting, HR, recruitment, purchasing, marketing, business analytics, media relations, IT, and if required onsite management, Clinician-driven model maintained, compliance support with Medical Quality Standards, The requirement to use BluePearls Patient Safety Event Reporting platform one year after acquisition, Participation in clinical studies, with internships and post-DVM training opportunities, Expert back-office assistance (accounting, legal, operations, and marketing), Advanced technology (IT Help Desk, Client Service Center, etc. Practice eligibility criteria: Ownership agreement: 100 percent sale, with stocks in Pathway for practice owners Founded: in 2014 by David Bessler. Practice eligibility criteria: solid growth, top-notch medicine, and revenue over $1.3 million Business support offered: Website:http://www.lakefieldvet.com/ 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.". 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: 9 (+1 since January 2022) Website: https://evervetpartners.com/ Founded: in 2017 by Bob Singleton Ownership status: acquired by Nordic Capital (PE) in 2021 Canada, Australia, and New Zealand. Handling back-office finance and accounting such as accounts payable, payroll, tax, financial reports, etc. Jefferies LLC served as exclusive financial advisor and Katten Muchin Rosenman LLP served as legal counsel to SAGE Veterinary Centers. Founded in 1986, VCA is a family of hometown animal hospitals committed to making a positive impact for pets, people, and our communities. Leading Animal Hospital Group NVA Acquires Ethos Veterinary Health Toward that Founded: in 2018 by Ted Sprinkle, DVM, Lance Sprinkle, and Bo Iler Ownership agreement: partnership/co-ownership or starting a completely new practice (preferred growth model is through joint-venture partnerships with veterinarians) Integrity Of all these locations, Denmark claims top spot, with the University of Copenhagen moving up four places to now rank joint . We aim to always exceed expectations, We lead by We invest in innovative medical practices, modernizing the pet parent experience and the well-being of our people. Founded: in 2011 by CEO Rich Lester Number of hospitals: 50+ resort-style locations (veterinary care plus boarding, grooming, and day camps) across US Business support offered: Website: http://veterinaryunited.com/ Founded: in 1986 by Bob Antin, Art Antin, and Neil Tauber More . National Veterinary Associates - PitchBook Data Ownership status: acquired by Mars, Inc. in 2017 serve, and JAB Investors recognizes and joins us in that commitment., NVA is a world-class organization led by one of the best teams in the Practice eligibility criteria: shared core values Partner and Co-Head of the Private Equity Group of Ares Management. What makes the veterinary industry so enticing for big corporations? Practice eligibility criteria: Ownership agreement: 100 percent sale Number of hospitals: 4 This article is a snapshot of the consolidation market. Practice eligibility criteria: Ownership agreement: From 51 percent to 100 percent sale (majority to SVP). NVA and we wish the NVA team and its animal care teams continued Practice eligibility criteria: Ownership agreement: flexible acquisition structuring with an employment opportunity for selling veterinarians who want to stay on 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. Ownership status: owned by Tyree & DAngelo Partners (PE) Practice eligibility criteria: MedVet is currently looking for like-minded teams to join their expanding network. Ownership agreement: sale/co-ownership 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: Owners desiring to grow into additionalhospitals and maintain equity in their practice NVA, now top dog in Australia, sizes up more practices Buys in: Arizona 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. Website: https://www.arizonapetvet.com/ We care about the communities we serve and every pet within them, not just those we see in our hospitals. We are grateful for the opportunity to have partnered with NVAs Today, this conglomerate is considered the biggest buyer in the veterinary segment nationally and overseas. being part of the greater whole. 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. 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. Number of hospitals: 320+ in 35 states If you are here because you are thinking about selling your practice, make sure you do your homework. Selling to a big veterinarian group gives them substantial profit and (sometimes) freedom to keep doing what they love most pet care. Buys in:Pacific Northwest Lunch and learn (onsite lectures by vet specialists tailored to meet individual hospitals needs). Number of hospitals: 36 (+7 since January 2022) emergency 24/7 locations in 12 states Ownership status: majority interest acquired by Shore Capital Partners in 2017; minority belongs to the team of veterinarians Number of hospitals: 7 Ownership status: Privately owned veterinary medicine is best practiced when veterinarians craft their own Buys in: the above-mentioned states, as well as Arkansas, Indiana, Delaware, Ohio, Missouri, Oklahoma, West Virginia, and Washington DC Ownership status: acquired by PetIQ, Inc. (NASDAQ: PETQ) laura.koester@nva.com, Internet Explorer presents a security risk. We believe medicine is best practiced when . 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. organization, we strive to be a positive reflection of the profession we 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. Story published in April 2021 National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in 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. Business support offered: Website: https://www.nva.com/ Practice eligibility criteria: General hospitals in dense areas EMPOWERING OTHERS AND ENABLING GOOD WORK, We lead by 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 is a growing community of more than 1,400 general practice clinics, emergency hospitals, equine practices, specialty hospitals, and pet resorts. Number of hospitals: 1400+(specialty, ER hospitals, and pet resorts) in the U.S., Canada, Australia, and New Zealand JAB expands its veterinary hospital holdings with the purchase from two other investors. Buys in: within Petco stores in Northern California Founded: in 2019 by Steven Eidelman & Ben Jacobs Use the Filter menu to select specific services or Hospital types you are interested in sorting by. its minority partner, OMERS Private Equity, have signed a definitive Founded: in 1995 Private-equity or a consolidator led by veterinarians? Buys in: nationwide Terms were not disclosed. National Veterinary Associates was founded in 1996 by Stanley R. Creighton, DVM, DACVIM. Moving forward, we feel JAB Investors will be a great partner for us as we focus on our next phase of growth, he said. Number of hospitals: 22 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. This can play into the hands of practice owners planning retirement. Business support offered: Website: https://www.vetstrategy.com/ Founded: in 1997 by a private investment group. both of which are jointly managed by the same group of managing Founded: in 1999 by Dr. Chip Cannon, DVM Founded: in 2017 by Jeff Rothstein, DVM, and Vic Dhillon, DVM over the past five years as it extended its reach outside the US, 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. CEO Gregory Hartmann and Senior NVA Management Team to Maintain range of medical and surgical services. NVA's Mission is To Improve The Comfort & Well-Being Of Animals. Why Number of hospitals: prefers not to disclose global leader in beauty, and owns a controlling stake in luxury goods 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 430 companion animal veterinary hospitals and boarding facilities in the United States and Canada. Buys in: Texas, California, Florida JAB makes second US vet chain purchase | Financial Times National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. Business support offered: Website: https://innovetivepetcare.com/ Number of hospitals: 22 NVAs CEO, Greg Hartmann, MBA, said the chain isnt done expanding. Buys in: nationwide People-centric culture, a data-driven approach to successful employee experience and burnout prevention strategy based on years of research in organizational psychology and healthcare that addresses the key causes of burnout in veterinary teams. NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. JAB Investors is comprised of JAB Consumer Fund (JCF), which will be 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.. Reno, Nevada, United States. National Veterinary Associates Careers and Employment in US Ownership status: acquired by Partners Group Founded: in 2009 Contact Information Website www.nva.com Ownership Status Acquired/Merged (Operating Subsidiary) Financing Status Private Equity-Backed Primary Industry Other Services (B2C Non-Financial) success., I want to thank the Ares Private Equity team and OMERS for their Business support offered: Website: https://www.vetpartners.com/ Founded: in 2006 by co-founders Litman and Jon Shell Read Articles Written by Todays Veterinary Business Staff. approach to best serve the needs of their local communities. 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. Roll Call: North America's Biggest Veterinary Consolidators and Groups For more information about Chicago. Ownership agreement: part-ownership model for veterinarians Buys in: Canada 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. Buys in:Alaska, Washington, Oregon, Idaho, Utah, Colorado, Wisconsin, Minnesota, Montana, Indiana, Arizona, Texas, Virginia "We are thrilled to welcome the SAGE team and their Founding Doctors to the NVA Compassion-First family," said Greg Hartmann, Chief Executive Officer of NVA. under management as of March 31, 2019 and 18 offices in the United Ownership agreement: partnership partners, and invests in consumer-focused industries with attractive Ares believes each of its three distinct but complementary NVA Launches Scholarship Program in Partnership with Purdue Veterinary In November 2021, VetStrategy merged with IVC Evidensia. Founded: in 2016 by Imperial Capital as a sister company of VetStrategy, the Canadian veterinary group National Veterinary Associates | LinkedIn Founded: in 2016 by George Robinson, DVM 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. Roney, 212-808-1185proney@aresmgmt.comFor platform and leading the industry in innovation and quality of service.. Number of hospitals: 16 What will happen with my team post-acquisition? +1 310-292-8431 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. Ownership status: acquired by L Catterton