AmeriVet acquires Northeast Veterinary Partners
by Katie Pfaff
AmeriVet Veterinary Partners has acquired 14 new veterinary practices from Northeast Veterinary Partners in a recent buyout, bringing the total number of clinics in AmeriVet's network to 186. This is the first time in AmeriVet history that the company has purchased another veterinary consolidator.
The newly added clinics are spread across several states, including New Hampshire, Massachusetts, Vermont, California and Maine.
Dr. David McGrath, chief executive officer at Northeast Veterinary Partners, said in a news release that working with AmeriVet was a logical choice due to common goals to alleviate business burdens for the practice owner, foster professional growth and development, and support veterinary professionals in providing quality medicine.
With this acquisition, AmeriVet anticipates having over 200 veterinary practices in their network by the end of 2022. The projected revenue for the year is $375 million, a significant year-over-year spike as the company continues to expand its clinic partnerships.
Thomas Thill, chief executive officer of AmeriVet Veterinary Partners, said the consolidation is an inaugural moment for the company.
“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," he said in the news release.
To learn more about AmeriVet Veterinary Partners, visit amerivet.com.
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