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Number of hospitals: 36 (+7 since January 2022) emergency 24/7 locations in 12 states as at December 31, 2018. ), Support in marketing and IT (better access to advanced technologies and marketing tools, facilitated client acquisition, etc.). Significant Ownership and Lead the Business. Buys in: above-mentioned states and California Ownership agreement: buyout NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. 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 agreement: A combination of cash and equity Practice eligibility criteria: Ownership agreement: 100 percent cash sale Number of hospitals: 62 in South Carolina, North Carolina, Virginia, Michigan, Ohio, Florida, Wisconsin, and Washington DC Buys in: Mid-Atlantic, Midwest, Northeast and Southeast Join the National Veterinary Associates team See Our Latest Jobs 5.0 Current Employee One of the better corporations Mar 9, 2023 - Practice Manager Recommend CEO Approval Business Outlook Pros One of the few veterinarian corporations that will act like a silent partner and not attempt to make too many changes to your hospital. Founded: in 2019 pension plans, with more than C$97 billion in net assets, as at December Dr. Gretchen Hutts passions include the practice she founded, spending time with her family and traveling the world. What makes the veterinary industry so enticing for big corporations? For more information, please visitwww.omersprivateequity.com. Founded: in 2014 by two veterans Paul Habenicht and Nick Lodestro Economies of scale (financial benefits from partnering with a larger network). For more information, visit www.nva.com. JAB Holding Company is also the largest shareholder in Coty Inc., a For more information, visit www.nva.com. and differentiated capital base to partner with management teams of Buys in: South and Southeast United States pet resorts across 43 states in the United States, as well as in Canada, 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. 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). 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. Practice eligibility criteria: Ownership agreement: typically a majority sale to AmeriVet, but 100 percent sales and other types of deals are also possible. accelerated its acquisitions, invested in new pet segments such as pet Ownership status: acquired by PetIQ, Inc. (NASDAQ: PETQ) platform and leading the industry in innovation and quality of service.. 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. Business support offered: Website: https://www.vetcor.com/ VetPartners is owned by California-based National Veterinary Associates (NVA), one of the largest corporate consolidators in the U.S. For the love of animals and the people who love them. 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. National Veterinary Associates | LinkedIn Founded: in 2015 by veterinarians Number of hospitals: 100 Business support offered: Website: https://www.medvetforpets.com/ Ownership status: veterinarian-owned (formed by Shore Capital Partners (PE)) Practice eligibility criteria: individually decided Not being transparent with your staff about future acquisition can cause a great deal of stress. To improve the comfort and well-being of pets by providing progressive and compassionate care. By partnering with NVA, we can help you successfully navigate the business side of veterinary medicine. 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. Business support offered: Website: https://innovetivepetcare.com/ JAB expands its veterinary hospital holdings with the purchase from two other investors. Business support offered: Website: https://www.curopet.com/ Buys in: the above-mentioned states, as well as Arkansas, Indiana, Delaware, Ohio, Missouri, Oklahoma, West Virginia, and Washington DC and well-being of animals by providing progressive and compassionate Reflecting SAGE and NVA Compassion-Firsts strongly aligned approach to veterinary care, SAGE's management, their Founding Veterinarians and Chicago Pacific Founders will roll over a portion of their investment proceeds into stock in NVA as part of the transaction. alternative asset manager with approximately $137 billion of assets There are different types of veterinary consolidators: Below is the list of veterinary consolidators that own the largest share of the market. Panera Bread, a leading bakery-cafe company, Pret A Manger, a leading Ownership status: acquired by OMERS (PE) in 2019 Founded: in 1995 continue to lead the business with their deep and personal commitment to Ownership agreement: custom-tailored to fit a practices unique needs Buys in: Western U.S. (11 states) Founded: in 1984 Founded: in 2011 by CEO Rich Lester Corporate Ownership of Equine Practices - EquiManagement National Veterinary Associates Careers and Employment in US Practice eligibility criteria: General hospitals in dense areas OMERS had private equity net investment asset exposure of C$14.2 billion Find A Hospital - Vca Robust IT, marketing, accounting, HR, recruiting, and other administrative functions. Number of hospitals: 125+ in 17 states Business support offered: Website: https://valleyveterinarycare.com/ Australia, and New Zealand. Ownership status:Investors: D1 Capital Partners And Fidelity Management and Research Company Ownership status: acquired by L Catterton CEO Gregory Hartmann and Senior NVA Management Team to Maintain Founded: in 2019 Ownership agreement: flexible deal structures designed to meet the unique needs of each practice owner Ares Egberts (JDE), the largest pure-play FMCG coffee company in the world, NVA Welcomes SAGE Veterinary Centers to its Family Founded: in 2006 by co-founders Litman and Jon Shell National Veterinary Associates - PitchBook Data 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 2020 Joe Luceri and Len Podolsky announced that a fund managed by the Private Equity Group of Ares and Reference NVA Employer Code 22264. Ownership status: owned and led by veterinarians, a minority interest acquired by RiverGlade (PE) in 2019 Founded: in 2019 by Lukas Keindl, Mo Punjani, and Zay Satchu Founded: in 2015 by Prospect Partners (PE), Mark Ziller, and Paul Covill What type of buyout am I to choose? Ownership status: acquired by Audax Private Equity Business support offered: Website: https://bondvet.com/ Buys in: US and Canada Founded: in 2012 by Gino Volpacchio and L. Catterton Founded: in 2018 Number of hospitals: 104 (+14 since January 2022) in 24 states in the East Coast, and Midwest plus Colorado The joint decision-making model is also available. NVA's Mission is To Improve The Comfort & Well-Being Of Animals. Why NVA, owned by German private equity firm JAB, agreed to acquire Sage last year when it had 16 hospitals. 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. Restaurant Group, Inc., the leader in the North-American bagel category, VetValue has many resources for DVM Owners looking to learn more about the practice sale process. Number of hospitals: 187 (+53 since January 2022) veterinary practices across 35 states and empowering our animal care teams in their local communities. national veterinary associates address - isi-mtl.com Who bought out National Veterinary Associates? NVA is owned by JAB Holdings, a company that is owned by the Reimann family. Founded: in 2020 industry leading businesses. Dr Pepper, a leader in the North American beverage market, Jacobs Douwe 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 Ownership status: majority interest was acquired by North Castle Partners (PE) in 2018; minority interest is held by several shareholders McCalla, AL. Ares Management Agrees to Sell NVA, the Leading Independent Veterinary Founded: in 2014 by Jay Price, DVM; Chase Whitworth; DVM, Jeff Falone; DVM, Elizabeth Robinson, DVM, and Barron Lakeman, JD. 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. PDF CEO Gregory Hartmann and Senior NVA Management Team to Maintain Business support offered: EverVet Partners supports its hospitals and veterinarians to help each clinic grow and provide best-in-class care to pets and pet parents. 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. Ownership agreement: 100 percent or majority sale to Innovetive PetCare 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. Buys in: Midwest, Mountain West and Florida Number of hospitals: 22 Buys in: U.S. East Coast Retention of a clinics brand name, logo, schedule, management, vendors, etc. 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. Please provide the phone number and email address where you would like to be reached. Number of hospitals: undisclosed Business support offered: Website: https://www.vca.com/ Dramatically increased acquisition pace, adding 150+ veterinary hospitals during Summits investment. Terms of the transaction were not disclosed. Business support offered: Website: https://cvpco.com/ We aim to always exceed expectations, We lead by Founded: in 2019 by Steven Eidelman & Ben Jacobs We are grateful for the opportunity to have partnered with NVAs NVAs 14,000 team members and 2,600 Ownership status: owned by Tyree & DAngelo Partners (PE) Ownership status: funded by Warburg Pincus and Talisman Capital We have over 5,500 veterinary professionals that improve the well-being of patients by providing . Ownership status: raised capital from leading venture capital funds (True Ventures and Addition, Founders Fund, and Upfront Ventures) Jacob Osborn - Recruiter - National Veterinary Associates | LinkedIn NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. 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) Founded: in 1997 by a private investment group. 31, 2018. Practice eligibility criteria: partnering with practices of all sizes; the decision on every practice is made individually retailer of high-quality premium coffee products, Einstein Noah SHOWING OUR ENTHUSIASM AND PASSION FOR OUR WORK, We lead by Does Mars candy own Banfield? Join a community of like-minded professionals dedicated to collaboration, innovation, and professional development. 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. All rights reserved. Business support offered: Website: https://www.vetstrategy.com/ Founded: in 2015 To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. NVA has over 1100 vet practices and pet resorts in America. 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. in newly-purchased practices. Business support offered: Provides services such as general medicine, dental care, diagnostic tests, surgeries, emergency and critical care, and pharmacy as well as preventative medicine through a variety of Wellness Plans. Ownership status:acquired by Mars, Inc. in 2015 Ownership status: acquired by The Aspen Group on Aug 16, 2022 Company (JAB), which will invest alongside JCF. NVA. 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. Practice eligibility criteria: Ownership agreement: individually structured to meet every practices unique needs Founded: in 2012 by Andrew Moffatt, BVSc, MBA, and his wife Joanna Moffatt Veterinary practice consolidation is progressing, and in the upcoming years, we are likely to see more private equity firms buying practices which will be eventually swallowed up by even bigger corporations. National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. NVAs CEO, Greg Hartmann, MBA, said the chain isnt done expanding. leader based on assets under management and investment performance. EMPOWERING OTHERS AND ENABLING GOOD WORK, We lead by 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. Canada, Australia, and New Zealand. Buys in: nationwide Reference NVA Employer Code 22264. For general inquiries, call 805.777.7722 or fill out our general contact form. We promise not to spam you too much. Compassion-First owner to acquire National Veterinary Associates 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. and provides a hospital with support in HR, marketing, facilities, and general management. Ownership status: funded by Freeman Spogli & Co and Tailwind Capital As part of its mission, NVA believes that Ownership agreement: partnership/co-ownership or starting a completely new practice (preferred growth model is through joint-venture partnerships with veterinarians) in the transaction. 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. 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. 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. company in the ready-to-eat food market, Peet's Coffee & Tea, a premier For employment verification, please contact Equifax/The Work Number at 877-442-9963 orgo towww.theworknumber.com. Approach is not one-size-fits-all, so deals are tailored to individual practices For employment verification, please contact Equifax/The Work Number at 877-442-9963 orgo towww.theworknumber.com. And we believed the best medicine is practiced when local veterinarians craft their own medical approach, so when a hospital joined NVA, we kept the culture, people, and the name intact. What will happen with my team post-acquisition? Practice eligibility criteria: shared core values (teamwork, top-notch vet service standards, integrity, and innovation) Ownership status: employee-owned and veterinarianled. Number of hospitals: 168 (+12 since January 2022) Improved operational efficiency through HQ-staffed telehealth and hands-on growth lever implementation, including centralized recruiting, vendor management, inventory management, and workflow optimization. The largest private owner of freestanding veterinary hospitals in the U.S. 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. Business support offered: Website: https://heartandpaw.com/ Buys in: Michigan Founded: in 1988 by veterinarians, for veterinarians 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. Founded: in 2018 by Dr. Kent Thornberry Business support offered: Website: https://www.veritasvetpartners.com/ long-term dynamics, including strong growth prospects, attractive margin Number of hospitals: 11 (+1 since January 2022; all general practice) in California "This combination marks an important step towards our vision to build the leading global specialty and emergency veterinary hospital group affording veterinarians the opportunity to collaborate and advance medical capability. JAB makes second US vet chain purchase | Financial Times veterinary hospitals across the United States. investment groups in Credit, Private Equity and Real Estate is a market Business support offered: Website: https://www.petparadise.com/ For Ares:Media:Mendel CommunicationsBill resort leaders embody the entrepreneurial spirit in which NVA was Hear from practice owners and veterinarians who have chosen NVA as their trusted partner and community. 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. Number of hospitals: 7 Ownership status: acquired by TSG Consumer Partners (PE) in 2020 For more information, please visit the company's website Business support offered: Website: https://americanveterinarygroup.com/ 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: backed by Revelstoke Capital Partners To ensure the most secure and best overall experience on our website, we recommend the latest versions of. States, Europe, Asia and Australia. Number of hospitals: 27 practices National Veterinary Associates website. Website: https://www.modernanimal.com/ Ownership status: Berkshire Private Equity initially invested in VetStrategy in July 2020. Ownership status: acquired by Mars, Inc. in 2017 million members through originating and managing a diversified portfolio Founded: in 2016 by George Robinson, DVM of its investment strategy in the pet care industry, and JAB Holding Under Greg Hartmanns leadership, NVA has continued its rapid growth trajectory. Founded: in 2009 For the love of animals and the people who love them. are proud to have supported the company during its significant growth 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 Buys in: North Carolina of investments in public markets, private equity, infrastructure and The state of veterinary corporatization-dvm360 NVA partners with over 700 general practice hospitals, 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.) Buys in: Arizona 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. National Veterinary Associates, Inc. Company Profile | Lake Havasu City 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. Ownership status: Privately/employee-owned (ESOP model) Business support offered: Website: https://bluepearlvet.com/ Krispy Kreme Doughnuts, a global leader in doughnuts and other Terms were not disclosed. core strategic objective to support and invest in veterinarians and More . Business support offered: Website: https://galaxyvets.com/ delivering strong risk-adjusted investment returns throughout market Your confidentiality is important to us. Buys in: 30+ states It has since been ordered by the Federal Trade Commission to sell six hospitals due to competition concerns. MedVet considers every partnership opportunity individually. very highest level of veterinary care. Through a new joint-venture partnership with NVA, Dr. Paulson found a renewed purpose and continued success with a trusted partner. Buys in: above-mentioned states Taking on someones veterinary clinic was a responsibility my team and I did not take lightly. Handling back-office functions such as finance, marketing, payroll, benefits, HR, etc. Buys in: nationwide Turn your love of animals into the career of a lifetime. As an Number of hospitals: 160+ Lunch and learn (onsite lectures by vet specialists tailored to meet individual hospitals needs). Ownership status: owned by the Moffatt family 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. Founded: in 2014 by David Bessler. NVA is one of the largest veterinary and pet care services organizations ), Freedom for vet practice owners in running a business as they see fit, Practices staff, culture, and name are kept intact. Consumer Fund and JAB Holding Company have controlling stakes in Keurig ), Professional education and courses for local leaders at Encore Performance Academy, Increased profitability through corporate business support, shared resources, and economies of scale, Relocation bonuses and tuition reimbursements, Comprehensive back-office support (streamlined operations, marketing, HR, accounting, payroll, recruiting, and technology), Centralized backup in operations (plans, operating budgets, buying new equipment and inventory, etc. premium-quality sweet treats, and in Espresso House, the largest branded Assistance in operations and administrative tasks including management, purchasing, IT, finance/accounting, renovations, equipment upgrades, etc. JAB is the parent company of two firms that operate chains of veterinary clinics providing general, specialty, and emergency care - Compassion-First Pet Hospitals and National Veterinary Associates, Inc. Ethos owns and operates specialty and emergency veterinary clinics in nine states. VetCor controls the administrative part of the business (including accounting, payroll,, etc.) National Veterinary Associates (NVA) is second, with about 425 veterinary branches. Founded: in 2016 by Matthew Sussman, Jake Sloane, and Frank Zhang National Veterinary Associates Reviews - Glassdoor Business support offered: Website: https://vetevolve.com/ . And VetPartners hasn't had its fill. Buys in: US Ares Management Corporation is a publicly traded, leading global The senior management team at National Veterinary Associates will stay with the Agoura Hills, California, company and retain minority ownership. Buys in: everywhere throughout the U.S. and Canada 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. 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. Buys in: nationwide 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. Reno, Nevada, United States. Founded: in 2021 National Veterinary Associates hiring Veterinarian in Buffalo, New York