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It’s true that private equity is now the biggest buyer of vet clinics and hospitals. What hasn’t been reported are the improvements this infusion of capital has brought to the vet sector.
They currently have hospitals in 29 states, as of early 2022. The firm is one of the largest private providers of approved veterinary residency and internship educational programs in the world, [1] and employs 1,330+ veterinarians, 1,600+ veterinary technicians, and 4,100+ other professionals. [2]
It sold its veterinary services business to US-firm, Patterson Companies, for £87.5m in July 2013 in order to focus on its higher margin manufacturing business. [6] In June 2023, the private equity organisation, EQT AB, made an agreed takeover offer for the company which valued the company at £4.5 billion. [7]
Banfield was founded in northeast Portland, Oregon, in 1955 by Warren J. Wegert. [4] The name comes from the nearby Banfield Freeway.In 1987, Scott Campbell purchased the single veterinary hospital which had about $2 million in annual revenues. [5]
Dec. 3—Niagara County is getting a new place for pet health care. EVS Pet Urgent Care will open its first New York location on Kinkead Avenue in North Tonawanda this Thursday, the company's ...
[3] [5] The name is an abbreviation of Veterinary Centers of America, though VCA no longer uses this full name. VCA acquired its first veterinary clinic, West Los Angeles Veterinary Hospital, in 1987. [4] In October 2004, VCA purchased Sound Technologies, [6] a company which supplied digital radiology and ultrasound equipment to veterinary ...
Shares of leading pet e-commerce behemoth Chewy (NYSE: CHWY) were up 5% as of 12:45 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence. Following five separate price ...
In February 2019 the company spent $1.2 billion to acquire Compassion-First Pet Hospitals then purchased National Veterinary Associates four months later. The combined revenue of Compassion-First and National Veterinary Associates is expected to be $3 billion in 2020, placing it among the three largest players in the industry barely 12 months ...