Terravet Real Estate Solutions Acquires $3.33 Million Specialty Emergency Hospital in Partnership with Innovetive in Marietta, Georgia
Terravet Real Estate Solutions, a leading real estate group specializing in veterinary properties, has completed the $3.33 million acquisition of Dogwood Veterinary Specialty & Emergency in Marietta, Georgia, in a coordinated transaction with Innovetive’s purchase of the veterinary practice.
The 12,726-square-foot facility serves as the only 24/7 emergency hospital in the Marietta area, making it the referral destination of choice for after-hours emergencies. The practice includes 17 full-time doctors and more than 70 total employees, providing comprehensive services to pets throughout the northern Atlanta metropolitan area.
“Facilities like Dogwood play a critical role in their communities by providing the specialized expertise and round-the-clock availability that pet owners depend on during emergencies,” said Daniel Eisenstadt, CEO of Terravet Real Estate Solutions. “Expanding our partnership with Innovetive reinforces our commitment to supporting practices that deliver this level of essential care.”
The transaction was structured as a sign-and-close deal, which enabled a seamless transition for the hospital’s operations and staff while positioning both companies for continued growth in the region.
“Dogwood marks our first specialty emergency hospital in Georgia and builds on a strong partnership with Terravet that extends across the Southeast,” said Mark Ziller, President and CEO of Innovetive. “Having a partner that deeply understands the real estate and operational sides of veterinary medicine was essential to making this opportunity a reality.”
Terravet, which owns more than 1.5 million square feet of real estate across more than 165 properties, continues to expand its presence in the Southeast following recent acquisitions in the Atlanta metro area earlier this year.
About Terravet Real Estate Solutions
Terravet Real Estate Solutions is a real estate group that owns and manages veterinary properties and certain other healthcare properties across the United States. Terravet owns more than 1.5 million square feet of real estate in over 35 states. Terravet partners with strong veterinary and healthcare operators and provides flexible solutions, including sale-leasebacks, joint ventures, and renovation and expansion programs. The Terravet team is comprised of real estate, finance, and operating professionals and brings decades of expertise to the transactions it leads. Terravet is committed to improving health by channeling resources and knowledge to the facilities where care is delivered and to those who deliver the care.
Source: www.terravetrealestate.com
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