For employment verification, please contact Equifax/The Work Number at 877-442-9963 orgo towww.theworknumber.com. The company specializes in medical and surgical services, pet boarding and daycare centers, thereby providing progressive and compassionate care for the pets. Business support offered: Website: https://www.curopet.com/ Founded: in 2009 Hear from practice owners and veterinarians who have chosen NVA as their trusted partner and community. For more information about Chicago. Subscribe to our weekly newsletter and receive hot news from the veterinary industry straight out of the oven. very highest level of veterinary care. 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 Founded: in 2021 and provides a hospital with support in HR, marketing, facilities, and general management. Business support offered: Website: https://www.petparadise.com/ We promise not to spam you too much. ), HR, talent acquisition, and marketing, Buying new equipment and handling facility, technology, and software upgrades, Consistent support from MVPs regional medical director and operations manager, Benefits (401(k) plans, CE, PTO, and healthcare), Keeping the local brand and culture intact, Back-end support in operations and administrative tasks, Career opportunities and staff benefits for full-time employees, Continued focus on the business Local Brand and Culture, Employee benefits package (Healthcare, 401k, PTO, CE), Unrivaled expert support to ensure success, Practices with a great culture and prominent leadership potential, Retention of brand identity and practices unique approaches to medicine, Relieving administrative burdens (accounting, payroll, HR, marketing, operations, etc. Your confidentiality is important to us. Ownership status: funded by Warburg Pincus and Talisman Capital Hoover, AL. Business support offered: Website: https://allianceanimal.com/ Buys in: United States, Canada, Australia, New Zealand and Singapore Ownership status: employee-owned and veterinarianled. Ownership agreement: buyout London, New York, Singapore and Toronto, seeks to use its significant Dr Pepper, a leader in the North American beverage market, Jacobs Douwe 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). National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. 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. We are grateful for the opportunity to have partnered with NVAs Private-equity or a consolidator led by veterinarians? Eligibility to become an ESOP participant is to work at least 20 hours per week in any of Galaxy Vets settings. Ownership status: majority interest was acquired by North Castle Partners (PE) in 2018; minority interest is held by several shareholders 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. announced that a fund managed by the Private Equity Group of Ares and resorts, and became the largest independent veterinary platform We have over 14,000 veterinary professionals that improve the well-being . Number of centers: 120+ (vet hospitals and pet care facilities) Krispy Kreme Doughnuts, a global leader in doughnuts and other Buys in: Canada Practice eligibility criteria: individually decided Consumer Fund and JAB Holding Company have controlling stakes in Keurig Back-office services, including finance, accounting, legal, HR, payroll, and marketing. Founded: in 2016 by Imperial Capital as a sister company of VetStrategy, the Canadian veterinary group Moving forward, we feel JAB Investors will be a great partner for us as we focus on our next phase of growth, he said. Business support offered: Website: https://thevetspets.com/ For more information, please visitwww.omersprivateequity.com. Founded:in 2014, by Mollie Hoff, President and Chief Operating Officer Website: https://evervetpartners.com/ Company (JAB), which will invest alongside JCF. Business support offered (back-office, management, pharmaceuticals, etc.) Buys in: nationwide "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. For more information, please visit the company's A team of professional pet care executives to assist partner hospitals in business tasks in the post-transition period. NVA has over 1100 vet practices and pet resorts in America. OMERS had private equity net investment asset exposure of C$14.2 billion Practice eligibility criteria: Ownership agreement: typically a majority sale to AmeriVet, but 100 percent sales and other types of deals are also possible. Back in 2017, veterinary consultant guru John Volk with Brakke Consulting let us use his research on who the big hospital chains and consolidators were at the time. Founded:in 1996 by brothers Neil and Darryl Shaw, DVM, DACVIM. Blair & Company, L.L.C. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Number of hospitals: 360+ hospitals in all Canadian provinces Business support offered: Website: https://vetevolve.com/ For more information, visit www.nva.com. CEO Gregory Hartmann and Senior NVA Management Team to Maintain Number of hospitals: nearly 100 veterinary practices across the Mid-American and Southern markets The companies are listed in chronological order by the year they were established. in newly-purchased practices. Ownership status: acquired by L Catterton 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 . NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. JAB Holding Company is also the largest shareholder in Coty Inc., a To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. ), Freedom for vet practice owners in running a business as they see fit, Practices staff, culture, and name are kept intact. Buys in: California Economies of scale (financial benefits from partnering with a larger network). Founded: in 1995 Practice eligibility criteria: Ownership agreement: individually structured to meet every practices unique needs Practice Description: National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. Founded: in 2017 by Bob Singleton Buys in: above-mentioned states Jefferies LLC served as exclusive financial advisor and Katten Muchin Rosenman LLP served as legal counsel to SAGE Veterinary Centers. acted as an advisor to the selling shareholders the profession. Ownership agreement: deals ranging from 100 percent sale to co-owning. Ownership status: backed by Revelstoke Capital Partners Practice eligibility criteria: profitability, the potential for growth, and cultural fit Ownership status: acquired by Partners Group Equipment upgrade and facilitated inventory management with Cubex units, Assistance with AAHA accreditation and Fear Free certification, No less than three full-time equivalent veterinarians (DVM), Shared values such as people before profits, accountability, honesty, and continuous improvement, Centralized finance and accounting (payables, payroll, etc. Founded: in 2015 by Prospect Partners (PE), Mark Ziller, and Paul Covill What type of buyout am I to choose? Ownership status: acquired by KKR (PE) in 2017 We aim to always exceed expectations, We lead by to deliver the most advanced high-quality care and client services. 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. Our hospitals and their teams are what make us who we are. Ownership agreement: sale/co-ownership Buys in: nationwide Number of hospitals: 5 This information will be especially useful for practice owners currently looking to sell their practice. 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. 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. They are strong supporters of our mission of providing progressive and compassionate care. agreement to sell National Veterinary Associates (NVA), one of the 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. We update information about veterinary groups several times a year. Practice eligibility criteria: buying vet practices and pet resorts Dramatically increased acquisition pace, adding 150+ veterinary hospitals during Summits investment. Number of hospitals: 27 practices Practice eligibility criteria: individually decided . Can I stay with my practice or this is the end? Founded: in 2014 by David Bessler. 2023 Summit Partners. Practice eligibility criteria: Excellent community reputation and shared long term core values Locate a hospital near you, Book An Appointment, or get contact information. outstanding partnership as we entered into new pet care lines including 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. 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. Buys in: nationwide 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: 160+ The deal has led VetPartners to leapfrog Greencross Vets which has more than 150 practices to become the biggest veterinary practice owner Down Under. Part of the Mars, Incorporated family of companies, Banfield owns clinics in the United States, Mexico, and the United Kingdom. NVA, owned by German private equity firm JAB, agreed to acquire Sage last year when it had 16 hospitals. 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. Huntsville, AL. +1 310-292-8431 Buys in: 30 States in US Approach is not one-size-fits-all, so deals are tailored to individual practices us as we focus on our next phase of growth. Sep 2020 - Present2 years 8 months. Practice eligibility criteria: Ownership agreement: From 51 percent to 100 percent sale (majority to SVP). SAGE Veterinary Centers and NVA Join Forces in their Shared Mission to Deliver Compassionate and Exceptional Advanced Veterinary Care for Pets and their Families. McAdory Veterinary Clinic. leader based on assets under management and investment performance. 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. Buys in:Pacific Northwest For employment verification, please contact Equifax/The Work Number at 877-442-9963 orgo towww.theworknumber.com. boarding and daycare, specialty and ER animal care, aftercare, equine, A leading global veterinary organization, NVA is excited to announce it will form two distinct businesses, Ethos Veterinary Health (Ethos), which will consist of 145 world-class specialty veterinary hospitals, and NVA, which will continue to oversee approximately 1,400 premier general practice veterinary hospitals in addition to equine hospitals and pet resorts. Business support offered: Website: https://rarebreedvet.com/ Buys in: West and Southwest US Number of hospitals: 187 (+53 since January 2022) veterinary practices across 35 states 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 Practice eligibility criteria: Owners desiring to grow into additionalhospitals and maintain equity in their practice Ownership status: funded by SkyKnight Ownership agreement:Individually evaluated on case by case basis 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. Ownership status: owned by AEA Investors LP and a wholly owned subsidiary of the Abu Dhabi Investment Authority Number of hospitals: 24 Buys in: above-mentioned states and California Practice eligibility criteria: team quality and shared values Practice eligibility criteria: looking for specific types of practices We believe medicine is best practiced when . 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. Practice eligibility criteria: partnering with practices of all sizes; the decision on every practice is made individually Ownership status: Comvest Credit Partners invested in CareVet specialty coffee and tea company, Caribou Coffee Company, a specialty Number of hospitals: prefers not to disclose Business support offered: Website: https://www.vetstrategy.com/ At the same time, selling a practice requires planning ahead and devising the right exit strategy. Through a new joint-venture partnership with NVA, Dr. Paulson found a renewed purpose and continued success with a trusted partner. Business support offered: Website: https://vetncare.com/ We want to thank OMERS Private Equity for their partnership on Founded: in 2009 by Dan Blumenthal, Roy Jain, and Ferdie Schmitz 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. Lunch and learn (onsite lectures by vet specialists tailored to meet individual hospitals needs). Founded: in 2019 by Lukas Keindl, Mo Punjani, and Zay Satchu 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. AGOURA HILLS, Calif. & CONCORD, Calif.--(BUSINESS WIRE)--National Veterinary Associates ("NVA"), a global community of 1,150 best-in-class veterinary hospitals and SAGE Veterinary Centers ("SAGE"), a premier provider of specialty and emergency medicine, today announced that SAGE has agreed to join forces with NVA Compassion-First, NVA's specialty and emergency veterinary group. "NVA Compassion-First's shared purpose and dedication to collaboration, innovation, and investment in the future of specialty and emergency veterinary medicine will create additional opportunities for our network to thrive and grow, including across borders. Veterinarian-founded in 1997, NVA is a leading global community of 1,150 independently managed veterinary hospitals across the US, Canada, Australia, New Zealand, and Singapore, united in the love of animals and the people who love them. Ownership status: funded by Fulcrum Equity Partners Founded: in 2016 by Wesley Godwin Contact Information Website www.nva.com Ownership Status Acquired/Merged (Operating Subsidiary) Financing Status Private Equity-Backed Primary Industry Other Services (B2C Non-Financial) Buys in: Mid-Atlantic, Midwest, Northeast and Southeast Business support offered: Website:http://www.lakefieldvet.com/ Practice eligibility criteria: Ownership agreement: part-ownership model for veterinarians and key administrators NVAs senior management team, including CEO Greg Founded: in 1984 Efficient backup in non-clinical, administrative functions such as accounting and finance, HR, inventory management, marketing, talent acquisition, etc. Ownership agreement: 100 percent sale (cash) Practice eligibility criteria: Forward-thinking independent practices generating more than $1M in gross revenues. Today, this conglomerate is considered the biggest buyer in the veterinary segment nationally and overseas. Private equity (PE) backed consolidators (. Ownership status: backed by Percheron Capital (PE) With approximately $1.0 billion of assets under management, CPF's leadership team is made up of former healthcare CEOs and senior executives with a passion and track record of building healthcare businesses.
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