Veterinary

Veterinary-Q4

Q4-2016 Veterinary Industry Update– Veterinary services merger and acquisition activity in the fourth quarter of 2016 was primarily driven by private equity-backed networks of veterinary hospitals and clinics, which continued to utilize the capital of their financial sponsors to consolidate this heavily fragmented sector.

Veterinary-Q3

Q3-2016 Veterinary Industry Update– Merger and acquisition activity in the veterinary markets continued to be driven in the third quarter by private equity-backed veterinary platforms, which have utilized the capital of private equity partners to consolidate this heavily fragmented market.

Veterinary-Q2

Q2-2016 Veterinary Industry Update Update-Even with VCA Inc.’s landmark acquisition of Companion Animal Practices, North America (CAPNA) closing in May, veterinary industry consolidation in the second quarter of 2016 was primarily driven by private equity-backed platforms, which have remained aggressive in their acquisition strategies in this highly fragmented sector.

Veterinary Q1

Q1-2016 Veterinary Industry Update– The veterinary industry has seen several large M&A transactions in recent years, and this continued in the first quarter of 2016 as VCA acquired a majority stake in Companion Animal Practices, North America for $344 million. Overall valuations for veterinary practices and animal hospitals are currently very aggressive, and this is likely to drive further consolidation within the sector.

  • “Provident’s depth of experience and practical business savvy was demonstrated in their ability to cut through what sometimes looked like impasse.”

  • “While the decision to sell our business was a difficult one, Provident vigilantly represented and protected our best interests throughout the transaction.  Provident was the right choice for Cascade and I would recommend their services to anyone.”

  • “We would not have been successful navigating the process without Provident’s hard work and active participation. They exceeded our expectations and we would highly recommend them to any health care company seeking a knowledgeable and engaged investment banking firm.”

  • “After working with Provident on several transactions, it is evident that their extensive industry knowledge and deal expertise prove to be invaluable to their clients.”

  • “A lot of investment bankers were interviewed, Provident was chosen. Provident delivered. My clients could not be happier.”

  • “Provident listened to our story, confirmed that our business was valuable and made us feel like this was the only transaction important to them.”

  • ”I have a tremendous amount of appreciation and gratitude to the Provident team for their hard work and diligence throughout this process. Each and every member of the Provident team is excellent at their jobs and it has been a pleasure working with such a professional team. Provident has provided outstanding guidance and counsel, and this deal could never have gotten done without Provident’s leadership.”