INSIGHT

Q1-2019 Veterinary Services Update

Private equity investors continued to lead consolidation activity within the veterinary service market through the first quarter of 2019 driven by both platform investments and facilitated bolt-on acquisitions. The first quarter began with BBH Capital Partners making an investment in Massachusetts-based Ethos Veterinary Health, a platform that operates 21 specialty and emergency hospitals throughout the Northeast. Following BBH’s investment, Quad-C Management agreed to sell Compassion-First Pet Hospitals to JAB Holding Company, a multinational holding company specializing in investments across Europe, South American & the U.S. Sage Veterinary Centers, which was recently sold to Chicago Pacific Founders, has acquired local specialty practice Veterinary Vision. Provident anticipates seeing increased consolidation activity throughout 2019 as investors look to capitalize on favorable consumer spending and market fragmentation.

To print and download the full Veterinary Services Update report, please click below…

 

Sources: SSEC Filings; Company Press Releases, and Reports; IBISWorld; Capital IQ; PitchBook; PHP Estimates and Research. This document has been compiled with publicly available information.  Provident Healthcare Partners, LLC makes no guarantee of its accuracy or completeness. No data or statement should be construed to be a recommendation for the purchase, sale, or retention of any security.
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