AmeriVet Veterinary Partners

Headquartered in San Antonio, Texas, AmeriVet Veterinary Partners operates as a consolidator of veterinary practices across the United States. The company was established in 2016 and launched in 2017 by key members of the private equity firm Imperial Capital and VetStrategy, a Canadian veterinary organization. This initiative was born from the success of VetStrategy in Canada, with the aim of replicating its model in the U.S. market. AmeriVet acquired its first clinic in June 2017 and has since expanded its network to over 200 practices across 35 states.

The core of AmeriVet's business is a distinctive joint venture (JV) partnership model, which differentiates it from typical consolidators. Instead of a full buyout, AmeriVet purchases a majority share of a veterinary practice, typically around 70%, allowing the original veterinarian owners to retain a minority interest. This structure ensures that the veterinarians remain financially and emotionally invested in their practice's continued success and maintain control over clinical decisions and patient care. The company targets established, well-run practices whose owners are looking for a partner to facilitate growth and are generally five to ten years away from retirement. Revenue is generated through the operations of its network of clinics, with a reported three-year revenue growth of 62.4% as of 2023. In October 2022, the company's projected revenue for the year was $375 million.

AmeriVet provides its partner clinics with extensive operational support, relieving veterinarians of many day-to-day business burdens. This support includes marketing, human resources, recruitment, payroll, and procurement, leveraging the company's corporate purchasing power to lower costs. By handling the business side, AmeriVet enables veterinarians to focus on practicing medicine and patient care. The company's model has proven popular, leading to significant milestones such as the acquisition of another veterinary consolidator, Northeast Veterinary Partners, in October 2022, which added 14 clinics to its network. In February 2022, AmeriVet was acquired by AEA Investors and a subsidiary of the Abu Dhabi Investment Authority (ADIA) in a $1.6 billion recapitalization deal.

Keywords: veterinary practice management, veterinary consolidator, joint venture partnership, animal healthcare, clinic operations support, practice acquisition, veterinary services, pet care industry, vet practice succession planning, EBITDA growth, clinical autonomy, practice legacy preservation, veterinary business model, animal hospital network, healthcare private equity, operational resources for vets, veterinary recruitment, practice valuation, veterinary partnerships, animal medical center