AmeriVet Veterinary Partners announces acquisition of Northeast Veterinary Partners
Significant acquisition as it’s the first time AmeriVet has purchased another industry consolidator
AmeriVet Veterinary Partners has acquired 14 new veterinary practices from Northeast Veterinary Partners in a recent buyout. This brings the total number of clinics in AmeriVet's network to 186, and these newly added clinics are located throughout several states, including New Hampshire, Massachusetts, Vermont, California, and Maine.
"This consolidation is an inaugural moment for AmeriVet. Deals like the Northeast Veterinary Partners acquisition pave the way for future growth while further establishing ourselves within the veterinary community and allowing us to continue to offer one-of-a-kind corporate support to veterinary clinics across the country," stated Thomas Thill, CEO of AmeriVet Veterinary Partners, in a company release.1 "This is the first of many history-making deals for AmeriVet, and I am eager to see what the future holds for this amazing team."
AmeriVet is headquartered in San Antonio, Texas, and it teams up with experienced, established veterinarians in search of adapting and expanding their practices and offers best-in-class operational resources to promote their success. Since acquiring its first practice in 2017, AmeriVet has experienced significant growth and its joint venture partnership model has been popular among veterinarians.
"Amerivet was the logical choice for us to partner with because we share the same goals: to alleviate the business burdens for the practice owner, foster professional growth and development, and support veterinary professionals in providing quality medicine. Joining AmeriVet's network will help us to continue our mission at a much grander scale,” expressed David McGrath, DVM, CEO of Northeast Veterinary Partners, in the release.1
AmeriVet foresees having more than 200 veterinary practices in its network by the end of 2022. The projected revenue for 2022 is $375 million, a significant year-over-year increase as the company further grows its clinic partnerships.1
AmeriVet Veterinary Partners acquires Northeast Veterinary Partners. News release. AmeriVet Veterinary Partners. October 31, 2022. Accessed October 31, 2022. https://www.prnewswire.com/news-releases/amerivet-veterinary-partners-acquires-northeast-veterinary-partners-301662958.html