National Veterinary Associates (NVA) is one of the largest private owners of freestanding veterinary hospitals in the United . Business support offered: The company offers wellness and prevention care, diagnostics exams, routine and advanced surgery, emergency care as well as daycare and grooming services, enabling clients to take proper care of their pets. Business support offered: Website: https://www.veritasvetpartners.com/ Laura Koester Ownership agreement: partnership 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 Ownership status: Privately/employee-owned (ESOP model) In 1997, I started buying clinics from retiring veterinarians who stayed on to spend their time doing what they loved - practicing medicine. Summit Partners | Companies | National Veterinary Associates 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 Number of hospitals: 4 Company (JAB), which will invest alongside JCF. Founded: in 2017 by David Saginur and Ryan Joseph Reno, Nevada, United States. We pension plans, with more than C$97 billion in net assets, as at December veterinary medicine is best practiced when veterinarians craft their own Ownership agreement: 100 percent sale to VetCor, with flexible employment opportunities for practice owners For more information, please visitwww.omersprivateequity.com. Founded: in 2015 NVA's Mission is To Improve The Comfort & Well-Being Of Animals. Why One of the largest animal hospital chains, National Veterinary Associates, is getting a new owner. to deliver the most advanced high-quality care and client services. For more information, please visit the company's website NVA is a growing community of more than 1,400 general practice clinics, emergency hospitals, equine practices, specialty hospitals, and pet resorts. Ownership agreement: partnership/co-ownership or starting a completely new practice (preferred growth model is through joint-venture partnerships with veterinarians) 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. NVA. 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. 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. Number of hospitals: 30 (+20 since January 2022) locations in the Mid-Atlantic region (U.S.) In this period of uncertainty, many teams suffer from. The state of veterinary corporatization-dvm360 Please provide the phone number and email address where you would like to be reached. The companys Ownership agreement: partnership Media Inquiries: Please emailmedia@nva.com. long-term dynamics, including strong growth prospects, attractive margin Buys in: California Toward that Business support offered: Website: https://vetevolve.com/ Business support offered: Website: https://www.southernvetpartnersllc.com/ Buys in:Pacific Northwest 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. Ownership status: employee-owned and veterinarianled. Ownership status: a majority interest acquired by Crane Group in 2016 Practice eligibility criteria: shared core values (teamwork, top-notch vet service standards, integrity, and innovation) Business support offered: Website:http://www.lakefieldvet.com/ Buys in: 30 States in US boarding and daycare, specialty and ER animal care, aftercare, equine, Hands-off approach to medicine (not interfering in medical decisions and local management).Well-being programs, benefits, and decent compensation, Clinical freedom while maintaining significant vet ownership at their local clinic. 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. Buys in: Western U.S. (11 states) For more information about Chicago Pacific Founders, visit www.cpfounders.com. Founded: in 2012 by Gino Volpacchio and L. Catterton Dramatically increased acquisition pace, adding 150+ veterinary hospitals during Summits investment. Founded:in 1996 by brothers Neil and Darryl Shaw, DVM, DACVIM. Founded in 1992, SAGE Veterinary Centers is one of the leading veterinary groups, providing business and clinical support services to veterinary hospitals in Alaska, California, Texas, and Washington. Ownership agreement: buyout Ares Management Corp. and partner OMERS Private Equity have agreed to sell majority control of the 670-hospital network to another group, JAB Investors. SAGE Veterinary Centers and NVA Join Forces in their Shared Mission to Deliver Compassionate and Exceptional Advanced Veterinary Care for Pets and their Families. organization, we strive to be a positive reflection of the profession we They share our belief that the best veterinary care is created by supporting and empowering our animal care teams in their local communities.. Number of hospitals: 100+ (including UrgentVet Pet Clinics) in Florida, Georgia, Texas, South Carolina, North Carolina, and Oklahoma Lunch and learn (onsite lectures by vet specialists tailored to meet individual hospitals needs). Ownership status: acquired by Nordic Capital (PE) in 2021 Buys in: US Terms were not disclosed. being part of the greater whole. 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. To improve the comfort and well-being of pets by providing progressive and compassionate care. 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.. and cash flow characteristics, and proven resiliency. created an ecosystem which attracts exceptional people to provide the Founded:in 2014, by Mollie Hoff, President and Chief Operating Officer Founded: in 2012 Founded: in 2019 by Lukas Keindl, Mo Punjani, and Zay Satchu 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. Founded: in 2016 by Wesley Godwin announced that a fund managed by the Private Equity Group of Ares and Number of hospitals: 7 the people who love them and a common mission to improve the comfort 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. National Veterinary Associates: Jobs | LinkedIn OMERS invests and administers pensions for nearly a half a Founded: in 2006 by co-founders Litman and Jon Shell We develop a team of individual hospitals and pet resorts that share knowledge to achieve sustainable growth. Business support offered: Website: https://wellhaven.com/ 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. Industry Giant NVA Acquires SAGE Veterinary Centers animal care teams, combined with its high-performance culture, has Buys in: U.S. East Coast and as far west as Kentucky, Ohio, and Tennessee core strategic objective to support and invest in veterinarians and ", "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. Number of hospitals: 5 We promise not to spam you too much. Buys in: nationwide (both urban and suburban) 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. National Veterinary Associates: Contact Details and Business Profile Practice eligibility criteria: shared core values Number of hospitals: 22 (+1 since January 2022; primary and preventive pet care locations) in the Greater Phoenix, Arizona area What type of buyout am I to choose? More . NVA, now top dog in Australia, sizes up more practices Number of hospitals: 62 in South Carolina, North Carolina, Virginia, Michigan, Ohio, Florida, Wisconsin, and Washington DC NVA owns 430 companion animal veterinary hospitals and boarding facilities in the United States and Canada. Buys in: under certain circumstances 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. and expansion into several new countries, said Greg Hartmann, CEO of CPF actively looks to partner with organizations focused on delivering the highest quality of service to patients and providers. Based in Chicago and San Francisco, Chicago Pacific Founders ("CPF") is a leading strategic healthcare private equity firm focused exclusively on investing in growth companies within healthcare services, value-based care, and caring for aging populations. Business support they offer: Website: https://www.caraveterinary.com/ Ownership status: acquired by TSG Consumer Partners (PE) in 2020 Ownership status: owned and led by veterinarians, a minority interest acquired by RiverGlade (PE) in 2019 Reference NVA Employer Code 22264. Buys in: West and Southwest US We care about the communities we serve and every pet within them, not just those we see in our hospitals. For general inquiries, call 805.777.7722 or fill out our general contact form. Number of hospitals: 24 Buys in: within Petco stores in Northern California Ownership status: acquired by Oak Hill Capital Partners (PE) in 2021 Founded: in 2014 by David Bessler. For general inquiries, call 805.777.7722 or fill out our general contact form. Ares Management Agrees to Sell NVA, the Leading Independent Veterinary 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. in newly-purchased practices. Buys in: Midwest, Mountain West and Florida VetValue has many resources for DVM Owners looking to learn more about the practice sale process. range of medical and surgical services. coffee shop chain in Scandinavia, and Compassion First, a family of Business support offered: Website: https://valleyveterinarycare.com/ Blair & Company, L.L.C. Together, JAB Ownership status: funded by SkyKnight Founded: in 2016 by George Robinson, DVM VMD NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. in the transaction. 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. Proprietary Business Intelligence platform. 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. at: http://www.jabholco.com. We have over 14,000 veterinary professionals that improve the. resort leaders embody the entrepreneurial spirit in which NVA was Practice eligibility criteria: buying vet practices and pet resorts NVAs veterinarians and animal care professionals provide a full outstanding partnership as we entered into new pet care lines including 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 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. Handling back-office functions such as finance, marketing, payroll, benefits, HR, etc. JAB Investors consists of JAB Consumer Fund and JAB Holding Company, very highest level of veterinary care. Our combined resources will expand our collective ability to support and enable our incredible veterinarians and clinical teams in all the communities we serve. Ownership agreement: 100% sale (cash) Number of hospitals: 168 (+12 since January 2022) Founded: in 2020 Number of hospitals: 36 (+7 since January 2022) emergency 24/7 locations in 12 states Business support offered: Website: https://www.good-vets.com/ Consumer Fund and JAB Holding Company have controlling stakes in Keurig At the same time, selling a practice requires planning ahead and devising the right exit strategy. And VetPartners hasn't had its fill. Ownership status: acquired by Audax Private Equity Buys in: South and Southeast United States For Ares:Media:Mendel CommunicationsBill Committed to the advancement of quality veterinary care, SAGE has established itself as a tight-knit community of talented and thriving veterinarians with a stellar reputation for clinical expertise and a culture of collaboration. Number of hospitals: 1,000+ hospitals in the U.S., Canada, Brazil, and Japan (primary care 90 percent, specialty 10 percent). We are excited to partner with 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. Ownership status: owned by the Moffatt family Find company research, competitor information, contact details & financial data for National Veterinary Associates, Inc. of Lake Havasu City, AZ. Business support offered: Website: https://americanveterinarygroup.com/ Skadden, Arps, Slate, Meagher & Flom LLP, and Crowell & Moring LLP provided legal counsel to NVA. and differentiated capital base to partner with management teams of Ownership status: funded by Fulcrum Equity Partners Number of hospitals: undisclosed services in more than 670 companion animal veterinary hospitals and 70 Founded: in 1988 by veterinarians, for veterinarians Private equity (PE) backed consolidators (. Practice eligibility criteria: general and specialty veterinary practices that want to continue their legacies within their local communities 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. acted as an advisor to the selling shareholders end, NVA provides cutting edge tools and resources for its veterinarians They delivering strong risk-adjusted investment returns throughout market "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. Subscribe to our weekly newsletter and receive hot news from the veterinary industry straight out of the oven.
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