JAB, a privately held German conglomerate, agreed to acquire a stake in Compassion-First, a family of well-known and respected specialty, emergency and general practice veterinary hospitals across the United States, from Quad-C Management, a private equity firm, based on a total enterprise valuation of $1.2bn. “We are pleased to invest behind John and the management team as Compassion-First continues to deliver industry-leading organic growth and execute on its long-term strategy. The dedication to being the best place for veterinarians to work, the absolute commitment to putting patients first and the continual focus on innovation to improve the lives of both pets and their families are values very much in line with the those at JAB, and we look forward to partnering with John and his team to further Compassion-First’s success,” David Bell, JAB Partner.