Chicago's Shore Capital recently acquired three Southeast animal hospitals to create the animal hospital platform, Southern Veterinary Partners (SVP). Jay Price, owner of the merged clinics, will lead the general veterinary services practice as CEO from its Birmingham, AL headquarters. Shore and Dr. Price look forward to building a "best-in-class regional platform" through partnerships with like minded veterinarians. >>Read more Mike Cooper, Shore Capital partner and Southern Veterinary Partners Chairman noted:
"As part of our sector-focused investment approach, we’ve spent significant time studying the veterinary services industry and we are confident that the sector benefits from a number of attractive industry dynamics and is ripe for continued consolidation.”
New Owner for Best Friends
Webster Capital, a private
equity partnership whose investments include healthcare services will give Best Friends Pet Care a new home. Brynwood Partners, the seller, will
maintain a minority stake in the business.
Best Friends operates 42
centers nationwide (including Walt Disney World Resort) offering pet boarding,
grooming, training and veterinary services. Webster will partner with vet industry expert, Shane Kelly,
to extend company’s animal healthcare services – adding six veterinary
hospitals adjacent to current Best Friends locations. >>Read more
Ensuring Healthy and Happy Friends
Other 2013 sector
acquisitions: Perrigo, entered the
animal health market with its October, 2012 acquisition
of Sergeant's Pet Care Products Inc., maker of flea and tick
medicines. Complementing
Sergeant’s is the 2013 planned acquisition
of Velcera Inc., another maker
of flea and tick medicines
sold over the counter. >>Read more
Acquisition of Teva Pharmaceutical
Industries (Shawnee, KS) in early 2013 strengthened German-based BayerDVM
HealthCare’s leadership in the companion animal and food animal health
industry. Dermatology products and nutraceuticals encompassing joint and
gastro-intestinal products for companion animals is part of the acquired
product portfolio. >>Read more
Heska, a provider of veterinary diagnostic and
specialty products acquired roughly 55% of Cuattro Veterinary USA, LLC. According to Robert Grieve, Heska CEO,
“Digital imaging and the long-term archival of imaging studies in cloud-based
data centers is one of the fastest growing segments in veterinary
medicine.”
Cuattro
Vet fills this niche with best-in-breed digital radiography, cloud-based PACS,
ultrasound and imaging services suite in veterinary medicine.
With Heska’s established and extensive sales network, exposure and
placement of the Cuattro Vet systems is greatly enhanced as is revenue and growth potential
for Heska. >>Read more
