COMPANION PLATFORM™ / PLATFORM™
Hospital Locations of Veterinary Consolidators
CARE for Pets™ has recently launched PLATFORM,™ a first-of-its-kind searchable online database tool that tracks acquisitions of veterinary consolidators for the pet care industry. Corporate consolidators acquire individual veterinary practices as quickly as possible and merge them into a single, larger corporation. The entity is typically resold within 3 to 5 years to another investor(s) for a substantial profit. In some cases, larger consolidators may opt to merge with another industry consolidator and or realize their investment gains through an initial public offering (IPO) — exit strategy.
Research conducted by CARE for Pets™ shows that many consolidators fail to publicly divulge the company names of their acquired individual veterinary practices on their corporate-facing website — vast majority fail to communicate changes in ownership on their individual practice websites to pet owners.
There are more than 70 corporate consolidators operating in the U.S. The PLATFORM™ app is currently available for a limited number of consolidators — additional hospital groups will be available in 2025.
- BLUE RIVER PETCARE: 194 Locations
- BLUE RIVER PETCARE LOCATIONS: AL(2), AR(1), AZ(2), CA(16), CO(9), CT(1), DE(3), FL(1), IA(2), ID(2), IL(15), IN(1), KS(1), LA(2), MA(5), MD(6), ME(1), MI(8), MN(8), MO(9), MT(3), NC(2), NE(8), NJ(2), NM(1), NY(9), OH(10), OK(2), OR(1), PA(5), RI(2), TN(1), TX(17), UT(5), VA(2), VT(3), WA(8), WI(16), WY(2)
- MISSION VETERINARY PARTNERS (MVP): 330+ Locations
- MVP LOCATIONS: AK(1), AZ(4), CA(6), CO(13), CT(2), DC(2), FL(8), GA(10), IA(8), IL(28), IN(10), KS(8), LA(3), MA(2), ME(5), MI(28), MN(8), MO(11), MS(1), NC(6), NE(1), NJ(3), NV(3), NY(5), OH(19), OK(1), OR(8), PA(12), SC(7), TN(8), TX(10), VA(8), WA(2), WI(23)
- SOUTHERN VETERINARY PARTNERS (SVP): 400+ Locations
- SVP LOCATIONS: AL(20), AR(1), AZ(11), CA(7), CO(23), DC(2), FL(45), GA(35), ID(9), IN(3), KS(2), KY(7), LA(9), MA(6), MD(11), MS(2), NC(39), OH(2), OK(4), RI(1), SC(16), TN(13), TX(86), VA(23), WA(2), WV(1)
RELATED:
- Sen. Elizabeth Warren Targets Private Equity Company for Consolidating Veterinary Sector, Raising Costs (8.16.24)
https://www.pets.care/news/2024/08/senator-elizabeth-warren-targets-private-equity-company-for-consolidating-vet-care-raising-costs-for-pet-owners/- The senators asked the corporate consolidator to provide a list of all veterinary practices acquired in the United States since 2019.