Media Inquiries: Please emailmedia@nva.com. Ownership agreement: sale with a stake in UVC available for practice sellers Ownership status: 100% owned by the founding family and veterinarians For employment verification, please contact Equifax/The Work Number at 877-442-9963 orgo towww.theworknumber.com. Canada, Australia, and New Zealand. care. For Ares:Media:Mendel CommunicationsBill +1 310-292-8431 JAB Investors is comprised of JAB Consumer Fund (JCF), which will be Blair & Company, L.L.C. Practice eligibility criteria: general and emergency practices Founded: in 2011 by CEO Rich Lester Number of hospitals: 100 And VetPartners hasn't had its fill. Find a Hospital. We are excited to partner with Ownership status: funded by Warburg Pincus and Talisman Capital 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. Founded: in 2017 Practice eligibility criteria: individually decided Drake, 800-340-6597cdrake@aresmgmt.comorPriscila 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. retailer of high-quality premium coffee products, Einstein Noah We National Veterinary Associates (NVA) is one of the largest private owners of freestanding veterinary hospitals in the United . No one understands your unique practice or culture the way you do but you dont have to do it alone. 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. Join a community of like-minded professionals dedicated to collaboration, innovation, and professional development. services in more than 670 companion animal veterinary hospitals and 70 real estate. Roll Call: North America's Biggest Veterinary Consolidators and Groups Dr. Gretchen Hutts passions include the practice she founded, spending time with her family and traveling the world. Founded: in 2017 by Jeff Rothstein, DVM, and Vic Dhillon, DVM Practice eligibility criteria: MedVet is currently looking for like-minded teams to join their expanding network. 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. industry, said David Bell, Partner at JAB Investors. PDF CEO Gregory Hartmann and Senior NVA Management Team to Maintain Search. Business support offered: Website: https://www.encorevet.com/ Number of hospitals: undisclosed Business support offered: Alliance Animal Health provides resources and assistance in business operations, additional education and mentoring for vets, custom-built financial offerings, and more. Eligibility to become an ESOP participant is to work at least 20 hours per week in any of Galaxy Vets settings. What makes the veterinary industry so enticing for big corporations? Economies of scale (financial benefits from partnering with a larger network). Copyright 2023 Today's Veterinary Business Web DesignbyPHOS Creative. Founded: in 2014 by Jay Price, DVM; Chase Whitworth; DVM, Jeff Falone; DVM, Elizabeth Robinson, DVM, and Barron Lakeman, JD. National Veterinary Associates - PitchBook Data Rooted in a culture of compassion, innovation . We aim to always exceed expectations, We lead by Buys in: West and Southwest US Founded: in 1996 Buys in: Western U.S. (11 states) They are strong supporters of our mission of providing progressive and compassionate care. With over 850 veterinarians providing a full range of medical and surgical services at more than 240 hospitals across 39 states, NVA is the largest private owner of freestanding veterinary hospitals in the United States. Jefferies LLC acted as exclusive financial advisor to NVA and William 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. By partnering with NVA, we can help you successfully navigate the business side of veterinary medicine. 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. National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. OMERS had private equity net investment asset exposure of C$14.2 billion Partner and Co-Head of the Private Equity Group of Ares Management. Founded: in 2007 by Frank Batten, DVM and Steve Thomas 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. The state of veterinary corporatization-dvm360 Handling back-office finance and accounting such as accounts payable, payroll, tax, financial reports, etc. resorts, and became the largest independent veterinary platform 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. Website: https://www.modernanimal.com/ Founded: in 2017 by David Saginur and Ryan Joseph Stay in touch! It will not surprise you to find out those same companies-with a few new players-are still growing in 2019. Buys in: nationwide Founded: in 1984 Ownership status: family-owned and led Business support offered: Website: https://www.petparadise.com/ laura.koester@nva.com, Internet Explorer presents a security risk. investment groups in Credit, Private Equity and Real Estate is a market This article is a snapshot of the consolidation market. Your confidentiality is important to us. Ownership status: owned by the management team and Metalmark Capital PE (acquired interest from Prospect Partners in 2019) Sep 2020 - Present2 years 8 months. We employ talented veterinary and pet care business experts to support our hospitals and resorts with critical business needs including DVM recruiting, HR management, technology, accounting, finance, legal, marketing, and operations. Founded: in 2012 by Andrew Moffatt, BVSc, MBA, and his wife Joanna Moffatt Business support offered: Website: https://valleyveterinarycare.com/ For more information, please visit the company's website For more information, visit www.nva.com. 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. approach to best serve the needs of their local communities. As part of its mission, NVA believes that 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 Learn more. First, a family of well-known and respected specialty, emergency and general practice veterinary hospitals across the United States. NVA Launches Scholarship Program in Partnership with Purdue Veterinary We develop a team of individual hospitals and pet resorts that share knowledge to achieve sustainable growth. Business support offered: Website: https://galaxyvets.com/ platform and leading the industry in innovation and quality of service.. I am confident that our talented veterinary, clinical and business support teams, patients, and their families will see significant benefits from joining NVA Compassion-First.". Founded: in 2017 by Bob Singleton Industry Giant NVA Acquires SAGE Veterinary Centers Krispy Kreme Doughnuts, a global leader in doughnuts and other CityVet Leadership Academy to turn vets into leaders and leaders into owners, Centralized back-office assistance (marketing/communications, finance, HR, construction, and development), High-level standards in veterinary and boarding/daycare, A team of operations specialists and regional managers, Retain the identity and culture of practice, Access our integrated national veterinary network, Career and leadership development opportunities, Comprehensive administration services (including accounting, payroll, banking, taxes, etc. National Veterinary Associates Careers and Employment in US 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. For general inquiries, call 805.777.7722 or fill out our general contact form. Business support offered: Website: https://blueriverpetcare.com/ was built upon the fundamental principle that each group benefits from Mergers and acquisitions are easier to run, taking into account high market fragmentation (there are numerous small hospitals) and a growing number of practice owners thinking about sale and retirement. Buys in: US Business support offered: Website: https://www.cityvet.com/ Roney, 212-808-1185proney@aresmgmt.comFor Ownership agreement: 100% sale (cash) Website: https://www.inspirevet.com/ Buys in: the above-mentioned states, as well as Arkansas, Indiana, Delaware, Ohio, Missouri, Oklahoma, West Virginia, and Washington DC National Veterinary Associates: Contact Details and Business Profile It has since been ordered by the Federal Trade Commission to sell six hospitals due to competition concerns. Founded: in 2012 by Gino Volpacchio and L. Catterton States, Europe, Asia and Australia. Practice eligibility criteria: shared core values ), 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. Number of centers: 120+ (vet hospitals and pet care facilities) They Top Universities for Veterinary Science in 2019 Practice eligibility criteria: financial health, robust community connections, and a positive culture Number of hospitals: 720 (+209 since January 2022) Practice eligibility criteria: Ownership agreement: From 51 percent to 100 percent sale (majority to SVP). Today, our dynamic community has grown to over 1,400 hospitals and resorts across the worldincluding general practices, equine practices, specialty and emergency hospitals, and pet resorts. Find company research, competitor information, contact details & financial data for National Veterinary Associates, Inc. of Lake Havasu City, AZ. Your confidentiality is important to us. They share our belief that the best veterinary care is created by supporting and empowering our animal care teams in their local communities.. Ownership status: funded by Freeman Spogli & Co and Tailwind Capital Practice eligibility criteria: team quality and shared values and cash flow characteristics, and proven resiliency. McCalla, AL. 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. 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. The companys leader based on assets under management and investment performance. For more information, please visitwww.omersprivateequity.com. Jefferies LLC served as exclusive financial advisor and Katten Muchin Rosenman LLP served as legal counsel to SAGE Veterinary Centers. ), 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. NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. We develop a team of individual hospitals and pet resorts that share knowledge to achieve sustainable growth. We have over 5,500 veterinary professionals that improve the well-being of patients by providing . Except for VCA, this huge veterinary group also took ownership of Banfield (2007), Blue Pearl Veterinary Partners (2015), followed by smaller vet groups in Britain, Continental Europe, Brazil, and even China. Buys in: states where the group already owns hospitals Business support offered: Website: https://innovetivepetcare.com/ 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. Buys in: nationwide 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 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. Business support offered: Website: https://www.curopet.com/ We bring proven processes, modern technologies, and our deep domain expertise to the rapidly growing veterinary consolidation market. long-term dynamics, including strong growth prospects, attractive margin Practice eligibility criteria: Ownership agreement: typically a majority sale to AmeriVet, but 100 percent sales and other types of deals are also possible. globally. 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. Who bought out National Veterinary Associates? - AnswerParadise.net Number of hospitals: 100+ (including UrgentVet Pet Clinics) in Florida, Georgia, Texas, South Carolina, North Carolina, and Oklahoma Robust IT, marketing, accounting, HR, recruiting, and other administrative functions. being part of the greater whole. Through a new joint-venture partnership with NVA, Dr. Paulson found a renewed purpose and continued success with a trusted partner. NVA owns and partners with over 700 General Practice, Specialty, Emergency, and Equine hospitals, and Pet Resorts in 44 states and five countries. CPF actively looks to partner with organizations focused on delivering the highest quality of service to patients and providers. Ownership status: backed by LetterOne (international investment business) of our mission of providing progressive and compassionate care. Number of hospitals: 450+ locally branded practices (ranging from preventative/primary pet care to emergency clinics and surgeries) in more than 37 states Ownership agreement: cash-based sale with flexible structuring of every acquisition Ownership status: acquired by PetIQ, Inc. (NASDAQ: PETQ) National Veterinary Associates | NVA Practice eligibility criteria: general and specialty veterinary practices that want to continue their legacies within their local communities Number of hospitals: 187 (+53 since January 2022) veterinary practices across 35 states specialty + ER hospitals, equine hospitals, and pet resorts in the U.S., 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. One of the largest animal hospital chains, National Veterinary Associates, is getting a new owner. Ownership status: Privately owned Practice owners considering the co-ownership model and willing to stay and help grow the practice. Ownership status: employee-owned and veterinarianled. Toward that Number of hospitals: 115 (+12 since January 2022) clinics (general and emergency) in 23 states Number of hospitals: 104 (+14 since January 2022) in 24 states in the East Coast, and Midwest plus Colorado National Veterinary Associates, Inc. Company Profile | Lake Havasu City Since its inception in 1997, Ares Ownership status: acquired by JAB Investors from Ares Management (PE) and OMERS (PE) in 2019 (JAB also owns Compassion-First Pet Hospitals) Founded: in 2019 Significant Ownership and Lead the Business. investing the majority of the equity capital in the transaction as part To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Number of hospitals: over 400 general practice, specialty, and emergency veterinary hospitals throughout the US, including 100 THRIVE clinics VetPartners is owned by California-based National Veterinary Associates (NVA), one of the largest corporate consolidators in the U.S. The senior management team at National Veterinary Associates will stay with the Agoura Hills, California, company and retain minority ownership. and empowering our animal care teams in their local communities. Ownership agreement: 100 percent or majority sale to Innovetive PetCare Practice Description: National Veterinary Associates (NVA) is the largest private owner of freestanding veterinary hospitals in the United States. For more information, visit www.aresmgmt.com. Founded: in 2016 by Imperial Capital as a sister company of VetStrategy, the Canadian veterinary group Number of hospitals: 22 Number of hospitals: 36 (+7 since January 2022) emergency 24/7 locations in 12 states Leading Animal Hospital Group NVA Acquires Ethos Veterinary Health to deliver the most advanced high-quality care and client services. Taking on someones veterinary clinic was a responsibility my team and I did not take lightly. Private equity (PE) backed consolidators (. About National Veterinary Associates (NVA) NVA is a leading global veterinary community of more than 1,400 independently managed veterinary hospitals providing specialty, emergency, and general medical care as well as more than 100 pet resorts. About Us The deal has led VetPartners to leapfrog Greencross Vets which has more than 150 practices to become the biggest veterinary practice owner Down Under. 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 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. Practice eligibility criteria: solid growth, top-notch medicine, and revenue over $1.3 million Approach is not one-size-fits-all, so deals are tailored to individual practices Under Greg Hartmanns leadership, NVA has continued its rapid growth trajectory. Founded: in 2009 by Dan Blumenthal, Roy Jain, and Ferdie Schmitz More . Founded: in 2017 by Peter Brown and Edward Haughey Cons Founded: in 2014 by two veterans Paul Habenicht and Nick Lodestro 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.
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