Advancing practice, care, and service standards across the U.S., Avanti Equine Veterinary Partners vaulted into 2022 with two new partnerships. One of two exciting alliances formed, capping off the year with great momentum, Avanti acquired California-based Steinbeck Peninsula Equine Clinic on December 22, 2021. Steinbeck Peninsula is a full-service equine practice, with two full-service hospitals, three ambulatory locations, as well as a companion animal hospital. Under the umbrella of this promising collaboration, Steinbeck Peninsula can turn to the Avanti management team as a consulting group, pinpointing meaningful solutions and resources to tackle business management challenges.
An equine veterinary practice network promoting better practice, care, and service standards all over the country, Avanti Equine Veterinary Partners closed the year enthusiastically. In a second of two visionary, dynamic partnerships, the national network acquired Irving, Texas-based Animal Imaging on December 22, 2021.Dr. Jake Hersman, Equine Director and founder of Animal Imaging, built the practice around compassionate experiences for clients, patients, and referral veterinarians. Harnessing prime veterinary diagnostic imaging, their team works to deliver empathetic, above-and-beyond care.
Alliance Animal Health (“Alliance” or “the Company”), a leading acquirer and operator of veterinary hospitals for companion animals, today announced that it has received a significant growth investment from the Flagship Fund of L Catterton, the largest global consumer-focused private equity firm. LightBay Capital will retain a significant minority stake. Founded in 2016, Alliance Animal Health is a multi-site owner, operator, and business partner to veterinarians across the United States. The Company’s partnership model and infrastructure drives alignment and sustainable business growth while allowing veterinarians to continue to practice medicine independently.
MedVet and Jupiter Pet Emergency & Specialty Center are pleased to announce they are now one. “Jupiter Pet Emergency & Specialty Center provides exceptional emergency and specialty care,” said MedVet CEO, Dr. Linda Lehmkuhl. “Their expert, compassionate team has built the best place to give and receive care in Jupiter, Florida, and the surrounding area. Together, we can make an even greater impact as we pursue our shared mission, Leading Specialty Healthcare for Pets.”
WestVet and Idaho Falls Veterinary Emergency Clinic are pleased to announce they are now one. Starting this month, Idaho Falls Veterinary Emergency Clinic is now known as WestVet Idaho Falls. “We have enjoyed a collaborative relationship for many years,” said MedVet Chief Growth Officer and WestVet founder, Dr. Jeff Brourman. “Our coming together allows us to provide the pets in Idaho even greater access to high quality, compassionate emergency and specialty care.”
DW Healthcare Partners (“DWHP”) a healthcare-focused private equity firm, announced the completion of its investment in Vets Plus, Inc and Noble Pharma, LLC (“Vets Plus “, “Noble”, or the “Company”). Vets Plus is a full-service developer and manufacturer of nutraceutical solutions for the companion animal and livestock markets. Noble is an FDA registered manufacturer of animal health pharmaceuticals. Since 1990, Vets Plus has been a trusted supplier developing uncommonly palatable products for a diverse set of customers.
Frenetic merger activity among veterinary hospitals in 2021 has lifted the market share of corporate consolidators in the United States to close to 50% of all companion animal practice revenue by at least one estimate, as the pandemic spurs demand for pet-care services. Market consultants and investment bankers expect the deals to keep flowing in 2022, even as prospective buyers confront stratospherically high asset valuations and possible scrutiny from antitrust regulators.
Percheron Capital (“Percheron”), a private equity firm focused on partnering with high-quality essential services businesses, today announced the acquisition of a majority stake in Animal Dermatology Group, Inc. (“ADG”), the largest group of veterinary dermatology specialists in the U.S. As part of the transaction, ADG’s management team will continue to lead the company and ADG’s founders and veterinarians will retain a significant stake in the company. In conjunction with the investment, ADG has completed the acquisition of Animal Dermatology and Allergy Specialists (“ADAS”), a leading veterinary dermatology specialty practice founded by Dr. Andrew Rosenberg, DACVD, serving the New York metropolitan area.
Heska Corporation (NASDAQ: HSKA; “Heska” or the “Company”), a leading global provider of advanced veterinary diagnostic and specialty products and solutions, today announced the completion of the acquisition of VetZ GmbH (“VetZ”), a European trailblazer in veterinary practice information management software solutions (“PIMS”) (the “Acquisition”). Headquartered in Germany, VetZ has been a leader since its founding in 1997, providing powerful, easy-to-use and fully integrated software solutions for better workflow, communication, service and patient outcomes to veterinarians.
NEOGEN Corporation (NASDAQ: NEOG) announced today that it has acquired Spokane, Washington-based companion animal genetic testing company Genetic Veterinary Sciences, Inc. Genetic Veterinary Sciences, Inc. (“GVS”) was founded in 2012 and is dedicated to providing companion animal owners, breeders, and veterinarians genetic information that enables optimal genetic health for dogs, cats, and birds. Their brands include Paw Print Genetics, Canine HealthCheck, My CatScan, and AvianDx.
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