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Announced

Completed

VetPartners completed the acquisition of National Veterinary Care for $168m.

Financials

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Transaction Value£125m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium56.8%
One Off Charge-

Tags

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Majority

veterinary care

Acquisition

Australia

Public

Friendly

Health Care Services

Single Bidder

Cross Border

Completed

Private Equity

Synopsis

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VetPartners, a nonprofit association dedicated to serving the veterinary profession, completed the acquisition of National Veterinary Care, a veterinary clinic chain operator, for $168m. "National Veterinary Care and Vet Partners have a shared passion for creating a supportive network to enable veterinary professionals to focus on what they love – providing care for animals and their families. Our combined management teams are excited about working together to build on the key strengths of each business to create one stronger community that values learning, individuality and excellence in patient care, and that strengthens the veterinary industry as a whole. We are thrilled to join with the team at National Veterinary Care, and look forward to maintaining the National Veterinary Care culture and legacy as part of this exciting next chapter for our two companies," John Burns, VetPartners CEO.

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