CareVet – Company Profile & Hospital Locations:

CareVet, a fast growing network of veterinary hospitals (the company markets itself as a “veterinary practice management group”), owns and operates approximately 205 animal hospitals in more than 35 states throughout the United States. CareVet focuses on acquiring and managing best-in-class hospitals nationwide.

The corporation was founded in 2018 by Greg Siwak who currently serves as the Chief Executive Officer (CEO) and by Kent Thornberry, DVM. Prior to co-founding CareVet, Greg Siwak served as an operating partner at L Catterton, the world’s largest consumer-focused private equity firm (private equity is an alternative form of private financing, away from public markets, in which funds and investors directly invest in companies or engage in buyouts of such companies). In this role, Gregg Siwak worked with many healthcare and pet-related companies.

CareVet distinguishes itself from other competing animal hospital groups and or veterinary consolidators by embracing a Whole Person Approach for all hospital team members which “concentrates on better supporting each team member’s personal and professional needs for health, support, fulfillment and advancement.”

CAREVET LOCATIONS:

  • Pet owners can view a complete listing of all CareVet locations by accessing our PLATFORM™ app — a searchable online database tool that tracks all acquisitions of veterinary consolidators in the United States.

PRACTICE OWNERSHIP TRANSPARENCY STUDY:

Case Study: Is Your ‘Local’ Animal Hospital Corporate-Owned? (October, 2021)
https://www.pets.care/is-your-local-animal-hospital-corporate-owned/

  • The following CareVet locations were included in this first-of-its-kind transparency study conducted by CARE for Pets.™

COMPANY REVIEWS AT POPULAR JOB WEBSITES:

CareVet employs more than 2,500 workers throughout its network of animal hospitals. Reading company reviews at popular job websites about the consolidator that owns the individual practice can provide greater insight into the company’s leadership, culture, work conditions, it’s priorities, any potential warning signs of financial distress, and or if the entity is seeking a recapitalization.

RECENT NEWS

  • Pet Care Lures Private Equity (3.4.22)
    https://www.axios.com/2022/03/04/pet-care-lures-private-equity

    • “Compass Group Equity Partners‘ CareVet is poised to hit the market later this year via Lincoln International, sources add” — in addition “CareVet has built a successful model centered on small practice acquisitions in markets with strong demand, scaling them with new vet hires. This lends to cheaper acquisitions and typically a large ROI, one source notes” — according to Axios.
  • Clayton Vet Manager Makes 100th Acquisition, Sees ‘Enormous’ Potential for More (11.12.21)
    • “The firm, led by CEO Greg Siwak, said it sees “enormous” potential for more growth, as it operates in a sector that still counts huge numbers of independent vet operators” according to the St. Louis Business Journal.
    • CareVet acquires the practices but keeps their front-line teams and names in place (acquired companies continue to operate under their existing name).