If you decide to sell your practice on the spur of the moment, without a sound exit strategy, you risk selling your legacy short and to the wrong people. A team of professional pet care executives to assist partner hospitals in business tasks in the post-transition period. Media Inquiries: Please [email protected]. to deliver the most advanced high-quality care and client services. Back-office services, including finance, accounting, legal, HR, payroll, and marketing. What type of buyout am I to choose? Founded: in 1995 One of the largest animal hospital chains, National Veterinary Associates, is getting a new owner. Robust IT, marketing, accounting, HR, recruiting, and other administrative functions. Lunch and learn (onsite lectures by vet specialists tailored to meet individual hospitals needs). NVA. Not being transparent with your staff about future acquisition can cause a great deal of stress. VMD 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 - Crunchbase Company Profile & Funding 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. globally. Founded: in 1986 by Bob Antin, Art Antin, and Neil Tauber JAB Investors. NVA expansion in US hits antitrust snag - News - VIN They are strong supporters of our mission of providing progressive and compassionate care. JAB Holding Company is also the largest shareholder in Coty Inc., a Ownership agreement: 100 percent or majority sale to Innovetive PetCare 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. Ownership status: family-owned and led 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. Terms of the transaction were not disclosed. Ownership status: majority interest was acquired by North Castle Partners (PE) in 2018; minority interest is held by several shareholders 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. 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. Ownership status: acquired by Mars, Inc. in 2017 Number of hospitals: 27 practices This article is a snapshot of the consolidation market. Today, this conglomerate is considered the biggest buyer in the veterinary segment nationally and overseas. veterinary hospitals across the United States. Our hospitals and their teams are what make us who we are. Ownership status: Berkshire Private Equity initially invested in VetStrategy in July 2020. Number of hospitals: 1,000+ hospitals in the U.S., Canada, Brazil, and Japan (primary care 90 percent, specialty 10 percent). 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. Your confidentiality is important to us. We are grateful for the opportunity to have partnered with NVAs Hartmann, will maintain a significant minority ownership and will Buys in: West and Southwest US For general inquiries, call 805.777.7722 or fill out our general contact form. Business support offered: Website: https://obrienveterinarygroup.com/ Cons Ownership status: backed by LetterOne (international investment business) 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. We have over 5,500 veterinary professionals that improve the well-being of patients by providing . VIP Pet Care handles the medical side, providing a variety of vet services such as diagnostic testing, vaccinations, microchipping, and prescription medications. Number of hospitals: prefers not to disclose its minority partner, OMERS Private Equity, have signed a definitive Find a Hospital. Having handed the reins of NVA to my friend, Greg Hartmann, I am retired but still active at NVA sharing our founding vision with veterinarians and our NVA family. Buys in: East of the Mississippi River in the U.S. National Veterinary Associates: Contact Details and Business Profile Vet groups buying pet-store-based clinics (, Practice eligibility criteria (features they are looking for in a practice to buy), Ownership agreement with practice owners (100 percent or majority/minority sale, investment opportunities for practice sellers etc.). PDF CEO Gregory Hartmann and Senior NVA Management Team to Maintain VetCor controls the administrative part of the business (including accounting, payroll,, etc.) Number of hospitals: 24 We have over 14,000 veterinary professionals that improve the well-being . OMERS invests and administers pensions for nearly a half a has adhered to a disciplined investment philosophy that focuses on Founded: in 2017 by Bob Singleton the profession. 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. Significant Ownership and Lead the Business. Buys in: United States, Canada, Australia, New Zealand and Singapore Annual off-site events for sharing best practices, collaboration, and continuing education, Non-clinical, administrative services such as finance, operations, accounts payable, procurement, marketing, HR, and IT, Not interfering in medicine or formulary but instead, bringing benefits of scale and relief from operational burdens, letting practices keep serving their communities in their unique way, Well-run clinics with exceptional teams and a passion for animals, Hospitals with 2+ DVMs who are looking to adapt and grow their business, Partner Owners who want to stay invested in their practices, both emotionally and financially, Administrative support in areas including payroll, vendor relations, marketing, operations, HR, and IT, Profit-sharing plans for owners who stay with the practice, 401(k) employer-sponsored retirement plan, Significant cost savings on supplies due to economies of scale. Buys in:Alaska, Washington, Oregon, Idaho, Utah, Colorado, Wisconsin, Minnesota, Montana, Indiana, Arizona, Texas, Virginia outstanding management team, said Bennett Rosenthal, Co-Founder, Business support offered: Website: https://www.mypetsvetgroup.com/ Practice eligibility criteria: Ownership agreement: 100 percent sale with an opportunity to continue practising. and cash flow characteristics, and proven resiliency. In November 2021, VetStrategy merged with IVC Evidensia. London, New York, Singapore and Toronto, seeks to use its significant Toward that FTC Takes Second Action Against JAB Consumer Partners to Protect Pet For more information, please visit the company's website Business support offered: Website: https://www.vetcor.com/ global leader in beauty, and owns a controlling stake in luxury goods Rooted in a culture of compassion and innovation, NVA Compassion-First is NVA's specialty and emergency care group of 1,200+ board-certified specialists and emergency doctors across 85 veterinary centers providing a full range of advanced medical, surgical and specialized services. Subscribe to our weekly newsletter and receive hot news from the veterinary industry straight out of the oven. Hospital support: Assistance with all the back office functions (marketing, human resources, etc. Buys in: nationwide Number of hospitals: 160+ Eligibility to become an ESOP participant is to work at least 20 hours per week in any of Galaxy Vets settings. Ownership agreement: 100% sale (cash) us as we focus on our next phase of growth. I could not be more proud of what we started in 1997 and who NVA is today. Since its inception in 1997, Ares Business support offered: Website: https://www.vetpartners.com/ Buys in:Pacific Northwest Practice eligibility criteria: Ownership agreement: 100 percent sale with investment opportunities for practice owners (joint venture) National Veterinary Associates (NVA) is one of the largest private owners of freestanding veterinary hospitals in the United . delivering strong risk-adjusted investment returns throughout market Ownership agreement: cash-based sale and stock options opportunity with flexible structuring of every acquisition Together, JAB partners, and invests in consumer-focused industries with attractive We develop a team of individual hospitals and pet resorts that share knowledge to achieve sustainable growth. 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. NVAs veterinarians and animal care professionals provide a full Number of hospitals: 71 (+5 since January 2022) Business support offered: Website: https://valleyveterinarycare.com/ Huntsville, AL. Hear from practice owners and veterinarians who have chosen NVA as their trusted partner and community. Practice eligibility criteria: located within local pet and retail stores Business support offered: Website: https://www.petvetcarecenters.com/ boarding and daycare, specialty and ER animal care, aftercare, equine, Acquired by JAB Holding Company Agoura Hills, California, United States 1001-5000 Private Equity Private www.nva.com/ 137,767 Highlights Acquisitions 2 Investments 1 Exits 1 Total Funding Amount $128M Contacts 170 Employee Profiles 3 Buys in: Michigan Ownership status: owned by the Moffatt family Practice eligibility criteria: shared core values animal care teams, combined with its high-performance culture, has