Revelstoke Capital Partners (“Revelstoke”), a Denver-based private equity firm, announced it has made a significant investment in Vet’s Best Friend (“VBF” or the “Company”), a Waltham, Massachusetts-based operator of general practice veterinary clinics and hospitals. Established in 2019, VBF currently owns and operates a portfolio of general practice veterinary clinics across seven states in the Northeast. This investment will provide significant liquidity to support VBF’s expansion and accelerated acquisition strategy and continued de novo development.
BluePearl Specialty and Emergency Pet Hospital, a national provider of advanced veterinary care, serving more than one million pets each year, released its first-ever Pet Owner and Veterinarian Reports, entitled People and Pets in the Pandemic and Changes, Challenges, and the Coronavirus, respectively. The reports identify how the pandemic has prompted a surge in pet ownership, strengthened the human-animal bond, and posed challenges to the process of providing pet care. Among the key findings in the 2020 Veterinarian Report was a marked increase in the number of pets seen at veterinary practices across the U.S.
Oak Hill Capital (“Oak Hill”), a New York-based middle-market private equity firm, announced its investment and partnership with American Veterinary Group (“AVG” or “the Company”). Headquartered in Tampa, Florida, AVG partners with over 150 veterinarians across nearly 50 veterinary practices and veterinary urgent care clinics throughout the South and Southeast. This transaction marks a continuation of Oak Hill’s track record in building successful veterinary services businesses following prior investments in VetCor and Butler Schein. AVG is currently a portfolio company of Latticework Capital Management and Trive Capital.
DaySmart Software, the leading provider of business management software empowering entrepreneurs to operate and grow their businesses, announced Tuesday the acquisition of Redwood City, CA-based Vetter Software, provider of cloud-based veterinary practice management software. This acquisition expands DaySmart’s pet services platform to serve veterinarians, groomers and kennel facilities. Founded in 2011 by Sagi Solomon, Vetter’s software serves 1,4000 vet practices, enabling veterinarians to manage and grow their businesses more effectively with features including scheduling, recordkeeping, billing, inventory tracking and client communications.
DW Healthcare Partners (“DWHP”) a healthcare-focused private equity firm, announced the completion of its investment in Parnell Pharmaceuticals Holdings Ltd (OTC: PARNF) (“Parnell” or the “Company”). Founded over 50 years ago in Australia, Parnell is a fully integrated manufacturer and developer of animal health pharmaceuticals focused on the US market. “Parnell has an attractive position with an FDA approved manufacturing facility dedicated to animal health drugs with a particular focus on sterile injectables,” said Eric Moore, Principal at DWHP.
Branford Castle, a New York-based private equity company, today announced that its portfolio company, Pulse Veterinary Technologies LLC (PulseVet), has acquired NeoPulse GmbH from Switalis, a leading Switzerland-based shock wave therapy device manufacturer. PulseVet is the leading United States manufacturer and supplier of veterinary shock wave therapy systems. Their ProPulse and previous generation VersaTron systems are the most peer-reviewed, clinically validated veterinary shock wave systems available and are utilized in most veterinary teaching hospitals.
MedVet is pleased to announce its expansion into Houston, Texas, with the addition of Veterinary Medical Specialists of Houston and Veterinary Surgical Group practicing together as Bay Area Veterinary Specialists. Starting this month, the hospital will be known as MedVet Houston Bay Area. MedVet looks forward to providing local general practice veterinarians ongoing support and expanded access to specialty veterinary care.
Heska Corporation, a leading global provider of advanced veterinary diagnostic and specialty products, announced today that it has entered into an agreement to acquire 100% of Lacuna Diagnostics, Inc. (“Lacuna”), a pioneer and market leader in point-of-care diagnostics digital cytology technology and telemedicine services. Founded in 2016 and headquartered in Fort Collins, Colorado, Lacuna is a first-to-market digital telemedicine cytology platform that increases the standard of care veterinarians provide for pets by providing nearly real-time interpretation of cases by an expert network of board-certified clinical pathologists.
PPV is excited to announce its 2nd hospital in Colorado: Green Mountain Animal Hospital located in Golden, CO just northwest of Denver. Dr. Kris Fattor will be the Medical Director and will be joined by his two associates Dr. Laura Garms and Dr. Kelly Russel. They are dedicated to providing the highest level of veterinary medicine along with friendly, compassionate service.
People, Pets & Vets is paws-itively thrilled to welcome Texas hospital #16 to the PPV family. Valley Ranch Vet Clinic is a full-service animal hospital serving Irving and the surrounding areas. Since 1989, Valley Ranch Pet Clinic has provided superior veterinary care for pets. They pride themselves on a full range of veterinary services designed to not only keep pets healthy but also to diagnose and aid in the recovery of illnesses. Dr. Tina Capps will lead the team as the Medical Director and will be joined by Dr. Greg Rouchon and Dr. Elizabeth Nonnenmacher.
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