Rarebreed Veterinary Partners, a growing veterinary hospital group, recently ANNOUNCED the acquisition of Massachusetts-based veterinary group Vet’s Best Friend (VBF). The deal adds 47 locations to Rarebreed’s 71-practice network, making it among the largest practice groups nationwide.
Together, the 2 entities include general practice, urgent care, and specialty emergency hospitals.
Rarebreed is majority backed by private equity firm, REVELSTOKE CAPITAL PARTNERS. Financial terms were not disclosed.
RELATED:
PRESS RELEASE: Rarebreed Veterinary Partners Acquires Vet’s Best Friend Group in Landmark Veterinary Deal (6.30.22)
https://www.globenewswire.com/news-release/2022/06/30/2472495/0/en/Rarebreed-Veterinary-Partners-Acquires-Vet-s-Best-Friend-Group-in-Landmark-Veterinary-Deal.html
Revelstoke Capital Partners Completes Growth Equity Investment in Vet’s Best Friend (3.1.21)
https://www.revelstokecapital.com/news/revelstoke-capital-partners-completes-growth-equity-investment-in-vets-best-friend/
- Revelstoke Capital Partners, a Denver-based private equity firm, announced it has made a significant investment in Vet’s Best Friend, a Waltham, Massachusetts-based operator of general practice veterinary clinics and hospitals.
RECENT ANIMAL HOSPITAL ACQUISITIONS:
Federal Trade Commission Intervenes in Private Equity Firm’s Acquisition of Veterinary Hospitals, Citing Antitrust Concerns (6.18.22)
https://www.pets.care/news/2022/06/ftc-intervenes-in-private-equity-firms-acquisition-of-veterinary-hospitals-citing-antitrust-concerns/
- “Private equity firms increasingly engage in roll up strategies that allow them to accrue market power off the Commission’s radar,” said Holly Vedova, Director of the Bureau of Competition. “The prior notice and approval provisions will ensure the Commission has full visibility into future consolidation and the ability to address it.”