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"We were crazy busy, seeing record numbers of cases and bringing in huge amounts of revenue," said the former PEC veterinarian. Roll Call: North America's Biggest Veterinary Consolidators and Groups The .gov means its official. ", Schultz contends that the noncompete was being used "to increase the value to the corporate takeover, to grease the skids to allow the corporation to monopolize the veterinary services.". Founded: in 2019 by Lukas Keindl, Mo Punjani, and Zay Satchu The shareholders who owned 1,000 shares, the maximum allowable number for one individual under PEC bylaws, had the potential to sell their respective stakes for $900,000. Number of hospitals: 72 (+9 since January 2022; general practice, specialty, and emergency) in Alabama, Arkansas, Florida, Georgia, Louisiana, Maryland, Massachusetts, Mississippi, New York, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas and Virginia Find the resources you need to understand how consumer protection law impacts your business. Ownership status: family-owned VIP Pet Care handles the medical side, providing a variety of vet services such as diagnostic testing, vaccinations, microchipping, and prescription medications. Empowering local teams through leadership/mentorship opportunities and personal development plans, Continuing education and a wide range of training programs equipping teams with cutting-edge resources on communication, conflict management, and other industry topics, Protection of a hospitals unique identity, culture, community relationships, and medical practices, Employment and equity opportunities for practice sellers. Back in 2017, it was over 10 percent (around 3,500 of 32,000), according to the Brakke Consulting estimation and the real numbers change nearly every month. Founded: in 2016 by Imperial Capital as a sister company of VetStrategy, the Canadian veterinary group What will happen with my team post-acquisition? Annual off-site events for sharing best practices, collaboration, and continuing education, Non-clinical, administrative services such as finance, operations, accounts payable, procurement, marketing, HR, and IT, Not interfering in medicine or formulary but instead, bringing benefits of scale and relief from operational burdens, letting practices keep serving their communities in their unique way, Well-run clinics with exceptional teams and a passion for animals, Hospitals with 2+ DVMs who are looking to adapt and grow their business, Partner Owners who want to stay invested in their practices, both emotionally and financially, Administrative support in areas including payroll, vendor relations, marketing, operations, HR, and IT, Profit-sharing plans for owners who stay with the practice, 401(k) employer-sponsored retirement plan, Significant cost savings on supplies due to economies of scale.