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M&A TRANSACTION · 2022

People, Pets & Vets (PPV) acquired by VetCor

$1.50B· 18.8x EBITDA

Target

People, Pets & Vets (PPV)

Western and Southern United States

Leading veterinary services company with over 150 animal hospitals in western and southern United States

Acquirer

VetCor

Private Equity buyer

Disclosed financials at time of acquisition

Revenue

EBITDA

$80.0M

Deal Value

$1.50B

EV/EBITDA

18.8x

Context

This $1.50B acquisition of People, Pets & Vets (PPV) by VetCor sits in the veterinary practice sub-vertical. The 18.8x EBITDA multiple paid in 2022 can be compared against the population median for veterinary practice transactions of similar size on our Veterinary Practice valuation hub. VetCor is acquiring as a private equity buyer; see how PE acquirers typically price veterinary practice businesses on our Veterinary Practice PE buyer-pool page.

Source

Data sourced from Press Releaseprimary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2022). People, Pets & Vets (PPV) acquired by VetCor. https://exitvalue.ai/deals/people-pets-vets-ppv-acquired-by-vetcor-veterinary-v