Veterinary Chain to Get New Majority Owner

National Veterinary Associates oversees 244 hospitals in 39 states.


Published:

National Veterinary Associates has its largest presence in Texas and Arizona, with 22 and 21 hospitals, respectively.

National Veterinary Associates, the owner of 244 hospitals in 39 states, is being sold to a private equity fund for an undisclosed price.

Summit Partners, a Boston-based investment company, will transfer its holdings in National Veterinary Associates to Ares Management of Los Angeles. The chain’s senior managers will retain a minority stake, Ares reported Thursday.

National Veterinary Associates, which was founded in 1996 by Stanley R. Creighton, DVM, Dipl. ACVIM, bills itself as the largest private owner of independent freestanding veterinary hospitals in the United States. The hospitals enjoy considerable freedom in how they operate and keep their original names, such as Countryside Pet Clinic in Andover, Kan., and Martin Downs Animal Hospital in Palm City, Fla.

“As part of its mission, [National Veterinary Associates] provides the tools and resources for its veterinarians to deliver high-quality care and client services that cater to the needs of its hospitals’ local communities,” Ares reported.

When he began acquiring independent hospitals, Dr. Creighton believed that “veterinary medicine is best practiced when veterinarians craft their own hospital and community-specific strategies,” National Veterinary Associates states on its website.

The chain is headquartered in Agoura Hills, Calif.

Bennett Rosenthal, co-founder of the Private Equity Group at Ares, said the purchase “is consistent with our strategy of partnering with best-in-class management teams.”

“We look forward to supporting the next phase of the company’s growth,” Rosenthal said.

The transaction is expected to close this summer.

Edit Module
Edit ModuleShow Tags

Archive »Read More

How Sweets Can Strength the Relationship With Your Vet Staff

A cupcake a day (or every now and then) may not keep the doctor away, but it can make all the difference to your staff.

Florida Veterinary Student Named 2016 National Winner of the Bayer Excellence in Communication Award

Participants were asked to submit a video on effective communication in the veterinary profession.

Texas Vet College Receives Accreditation Renewal

The Texas A&M University College of Veterinary Medicine & Biomedical Sciences has received full accreditation for the next seven years by the American Veterinary Medical Association Council on Education.

Add your comment:
Edit Module
Edit Module
Edit ModuleEdit ModuleShow Tags Edit Module
Edit Module Edit Module
Edit ModuleShow Tags

Events


Show More...
Edit Module
Edit Module