BUYER DISCOVERY
Who buys veterinary practices?
24 disclosed veterinary practiceacquisitions analyzed — the active strategic and private equity buyers, how often each one buys, and their most recent named deals. Sourced from SEC filings and verified M&A press releases.
Quick answers
- How many disclosed transactions?
- 24 disclosed veterinary practice acquisitions with a named acquirer.
- Most active buyers
- JAB Investors (2) · VetCor (2) · Partners Group (2) · National Veterinary Associates (1) · Cortec Group (1) · Gryphon (1)
- What would these buyers pay for my business?
- Run the ExitValue.ai calculator to price your veterinary practice against these 24 disclosed transactions. The engine surfaces what each buyer pool pays for your size, margin, and growth profile.
Top strategic buyers
Operators, larger competitors, and corporate consolidators acquiring veterinary practice businesses for synergy and capability fill.
| Acquirer | Deals | Median deal size | Recent targets |
|---|---|---|---|
| JAB Investors | 2 | $1.4B | Ethos Veterinary Health (2021), Compassion-First Pet Hospitals (2019) |
| National Veterinary Associates | 1 | $1.3B | SAGE Veterinary Centers (2021) |
| Cortec Group | 1 | $54M | Lap of Love (2020) |
| Gryphon | 1 | $340M | Heartland Veterinary Partners (2019) |
| Vets First Choice | 1 | $3.1B | Butler Schein Animal Health Supply (2018) |
| Mars, Incorporated | 1 | $9.1B | VCA Inc. (2017) |
| VCA Inc. | 1 | $436M | Companion Animal Practices, North America (2016) |
| Patterson Companies, Inc. | 1 | $1.1B | Animal Health International (2015) |
| AmerisourceBergen Corp. | 1 | $2.5B | MWI Veterinary Supply (2015) |
| Ontario Teachers' Pension Plan | 1 | $440M | PetVet Care Centers (2015) |
| Henry Schein, Inc. | 1 | $205M | Butler Animal Health Supply (2010) |
Top private equity buyers
Private equity firms and PE-backed platforms rolling up veterinary practice businesses. Platform-tier buyers typically pay up for scale, clean financials, and a management layer that survives integration.
| Acquirer | Deals | Median deal size | Recent targets |
|---|---|---|---|
| VetCor | 2 | $1.3B | People, Pets & Vets (PPV) (2022), People, Pets, & Vets (2022) |
| Partners Group | 2 | $585M | Wedgewood Pharmacy (2021), Blue River PetCare (2019) |
| BDT & MSD Partners (credit facility) / Compass Group Equity Partners (sponsor) | 1 | $228M | CareVet (Credit Facility) (2024) |
| Silver Lake Group / Shore Capital | 1 | $8.6B | Mission Veterinary / Southern Veterinary (2024) |
| AEA Investors LP / Abu Dhabi Investment Authority (ADIA) | 1 | $1.6B | AmeriVet Veterinary Partners (2022) |
| L Catterton | 1 | $775M | Alliance Animal Health (2021) |
| Oak Hill Capital | 1 | $420M | American Veterinary Group (2021) |
| TSG Consumer Partners | 1 | $2.6B | Pathway Vet Alliance (2020) |
| Berkshire Partners | 1 | $1.1B | VetStrategy (2020) |
| Ares Management | 1 | $920M | National Veterinary Associates (2014) |
Recent M&A activity
Disclosed veterinary practice acquisitions by year.
Methodology note
Acquirer activity reflects disclosed M&A transactions in the ExitValue.ai database, filtered to veterinary practice businesses with a named acquirer. Counts include deals with disclosed financials only — total transaction volume in this segment is typically 2–3x larger. The valuation engine reveals what each buyer pool pays for your specific business when you run the calculator. Full methodology
What's your veterinary practice worth to these acquirers?
12-input M&A-grade workup with sellability score, named comparable deals, and AI-written commentary. 2 minutes.
- ✓Sellability score with 5-driver breakdown and lift estimates
- ✓Named comparable M&A transactions in your sub-vertical
- ✓AI-written analysis grounded in your specific inputs
Engine-grounded estimate. Comparable named deals on the full results page.
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