Ownership agreement: earn-out Buys in: within Petco stores in Northern California 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: acquired by The Aspen Group on Aug 16, 2022 Private equity (PE) backed consolidators (. Founded: in 2017 by Bob Singleton Buys in: Bay Area, Pacific Northwest, and Rocky Mountains NVAs veterinarians and animal care professionals provide a full States, Europe, Asia and Australia. We National Veterinary Associates | 53,768 followers on LinkedIn . very highest level of veterinary care. Practice eligibility criteria: Ownership agreement: 100 percent sale with investment opportunities for practice owners (joint venture) 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.) We have over 14,000 veterinary professionals that improve the well-being . Skadden, Arps, Slate, Meagher & Flom LLP, and Crowell & Moring LLP provided legal counsel to NVA. Ownership agreement: 100% sale (cash) Ares Management Corp. and partner OMERS Private Equity have agreed to sell majority control of the 670-hospital network to another group, JAB Investors. Ownership status: majority interest acquired by Shore Capital Partners in 2017; minority belongs to the team of veterinarians Buys in: nationwide retailer of high-quality premium coffee products, Einstein Noah 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 agreement: partnership Through a new joint-venture partnership with NVA, Dr. Paulson found a renewed purpose and continued success with a trusted partner. industry, said David Bell, Partner at JAB Investors. leader based on assets under management and investment performance. Birmingham, AL. 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. Empowering local teams through leadership/mentorship opportunities and personal development plans, Continuing education and a wide range of training programs equipping teams with cutting-edge resources on communication, conflict management, and other industry topics, Protection of a hospitals unique identity, culture, community relationships, and medical practices, Employment and equity opportunities for practice sellers. Business support offered: Website: https://vetncare.com/ Founded: in 2016 by Imperial Capital as a sister company of VetStrategy, the Canadian veterinary group ), Customized leadership and mentorship for veterinarians and practice managers, Support in HR (Payroll, Recruiting, Policies/Insurance), Practice oversight provided by Vets Pets Medical Directors, Extensive support in IT, Accounting, Finance, Marketing, The Ultimate CarePackage, a suite of 16 innovative DVM benefits aimed at providing both personal and professional support, Stock option opportunities for all team members, Development and support in the form of experienced leadership and expert consultancy, Practice owners who care about their legacy, staff, clients and patients, Medical practices and protocols are always left in the hands of the veterinarians and their teams, Benefits, including a focus on work-life integration, Roundtable discussions on new trends and developments in veterinary medicine and more. Number of hospitals: 31 Private-equity or a consolidator led by veterinarians? The VIS team will be updating the article when we receive new information regarding vet consolidators. Number of hospitals: 100 31, 2018. globally. resort leaders embody the entrepreneurial spirit in which NVA was Practice eligibility criteria: solid growth, top-notch medicine, and revenue over $1.3 million 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. Hospital support: Assistance with all the back office functions (marketing, human resources, etc. The group will buy a majority stake in National Veterinary Associates from its private equity owners Ares Management Corporation and OMERS Private Equity, the companies said on Monday in a. 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. Founded: in 2019 For the love of animals and the people who love them. To improve the comfort and well-being of pets by providing progressive and compassionate care. 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 Business support offered: Website: https://www.good-vets.com/ VMD 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.