JAB expands its veterinary hospital holdings with the purchase from two other investors. Ownership agreement: deals ranging from 100 percent sale to co-owning. Search. Number of hospitals: undisclosed Ownership status: acquired by JAB Investors from Ares Management (PE) and OMERS (PE) in 2019 (JAB also owns Compassion-First Pet Hospitals) 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. Practice eligibility criteria: General hospitals in dense areas They are strong supporters Of all these locations, Denmark claims top spot, with the University of Copenhagen moving up four places to now rank joint . Ares Management Corporation is a publicly traded, leading global JAB:Abernathy MacGregorTom Johnson/Pat Tucker+1 NVA is one of the largest veterinary and pet care services organizations veterinary medicine is best practiced when veterinarians craft their own 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. the people who love them and a common mission to improve the comfort 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. From the first successful acquisition of an animal clinic by VCA back in 1987, other big players followed the example, and the number of veterinary consolidators started to grow exponentially. VMD And VetPartners hasn't had its fill. Extensive support in finance and accounting, HR, IT, and marketing, Practice management software with an extensive set of features (online scheduling, patient portals, voice notes, text messaging, etc.) Ownership status: backed by Waud Capital Partners (PE) since 2018 platform and leading the industry in innovation and quality of service.. acted as an advisor to the selling shareholders Stay current with the latest techniques and information Sign up below to start your FREE Todays Veterinary Business subscription today. Learn more. This explains the staggering number of locations the group owns.) Ownership status: acquired by Audax Private Equity investing the majority of the equity capital in the transaction as part National Veterinary Associates is a provider of veterinary and pet care services for hospitals and communities. 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 and cash flow characteristics, and proven resiliency. 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. Business support offered: Website: https://www.mypetsvetgroup.com/ "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. Moving forward, we feel JAB Investors will be a great partner for Number of hospitals: 7 Number of hospitals: 22 (+1 since January 2022; primary and preventive pet care locations) in the Greater Phoenix, Arizona area resorts, and became the largest independent veterinary platform Founded: in 2011 by CEO Rich Lester NVA Compassion-First champions each hospital's unique culture and opportunities by enabling innovation, collaboration, and a commitment to delivering exceptional care to pets and their families. Business support offered: Website: https://www.vetcor.com/ continue to lead the business with their deep and personal commitment to ), Freedom for vet practice owners in running a business as they see fit, Practices staff, culture, and name are kept intact. Through a new joint-venture partnership with NVA, Dr. Paulson found a renewed purpose and continued success with a trusted partner. What will happen with my team post-acquisition? Business support offered: Website: https://www.vca.com/ Ownership agreement: custom-tailored to fit a practices unique needs Private-equity or a consolidator led by veterinarians? First, a family of well-known and respected specialty, emergency and general practice veterinary hospitals across the United States. Founded: in 1997 by a private investment group. National Veterinary Associates - PitchBook Data NVA says this on their facebook page. EMPOWERING OTHERS AND ENABLING GOOD WORK, We lead by Our Story | NVA - National Veterinary Associates Founded: in 2015 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. 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. 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. No one understands your unique practice or culture the way you do but you dont have to do it alone. Number of hospitals: over 100 leading specialty and emergency veterinary care hospitals Practice eligibility criteria: Forward-thinking independent practices generating more than $1M in gross revenues. Business support offered: Website: https://obrienveterinarygroup.com/ Practice eligibility criteria: Ownership agreement: From 51 percent to 100 percent sale (majority to SVP). Practice eligibility criteria: specialty and emergency veterinary clinics Ownership status: acquired by Nordic Capital (PE) in 2021 Business support offered: Website: https://www.medvetforpets.com/ One of the largest animal hospital chains, National Veterinary Associates, is getting a new owner. Ownership status: acquired by L Catterton 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. Corporate Ownership of Equine Practices - EquiManagement Ownership status: acquired by Mars, Inc. in 2017 Who bought out National Veterinary Associates? Huntsville, AL. Lake Crest Animal Clinic. Ownership status: Privately/employee-owned (ESOP model) Ownership status: family-owned veterinary services company founded in 2015 Business support offered: Website: https://wellhaven.com/ Maintaining the local brand identity and full clinical autonomy. Founded in 1962, OMERS is one of Canadas largest defined benefit To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. 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. NVA expansion in US hits antitrust snag - News - VIN very highest level of veterinary care. Number of hospitals: 450+ locally branded practices (ranging from preventative/primary pet care to emergency clinics and surgeries) in more than 37 states To improve the comfort and well-being of pets by providing progressive and compassionate care. For more information, please visit the company's 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. Number of hospitals: 1400+(specialty, ER hospitals, and pet resorts) in the U.S., Canada, Australia, and New Zealand Hear from practice owners and veterinarians who have chosen NVA as their trusted partner and community. Her NVA partnership gives her more time off while maintaining a stable, growing practice. Founded: in 2012 by Gino Volpacchio and L. Catterton Contact Information Website www.nva.com Ownership Status Acquired/Merged (Operating Subsidiary) Financing Status Private Equity-Backed Primary Industry Other Services (B2C Non-Financial) at: http://www.jabholco.com. Our family of 812 exceptional practices reaches from coast to coast in the US and across the border to Canada. Buys in: Southeast U.S. Founded: in 1999 to deliver the most advanced high-quality care and client services. National Veterinary Associates | LinkedIn company in the ready-to-eat food market, Peet's Coffee & Tea, a premier investment arm of OMERS with a team of investment professionals in FTC Takes Second Action Against JAB Consumer Partners to Protect Pet Buys in: nationwide Business support offered: Website: https://www.curopet.com/ Ownership agreement: sale with a stake in UVC available for practice sellers NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. This information will be especially useful for practice owners currently looking to sell their practice. Drake, 800-340-6597cdrake@aresmgmt.comorPriscila Ownership agreement: sale/co-ownership States, Europe, Asia and Australia. 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. Business support offered: Website: https://www.good-vets.com/ We have over 14,000 veterinary professionals that improve the well-being . Founded: in 2015 by Prospect Partners (PE), Mark Ziller, and Paul Covill 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. Rooted in a culture of compassion, innovation . 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) 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. 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. Business support offered: Website: https://heartandpaw.com/ NVA is a leading global veterinary community of more than 1,500 veterinary hospitals and pet resorts united in the love of animals and the people who love them.