Source: Pets.Care
Mission Veterinary Partners (MVP) and Southern Veterinary Partners (SVP) are considering a merger that would make them one of the largest Veterinary practice owners in the U.S., with over 730 locations combined. MVP and SVP are among the major consolidators, joining giants like Mars Inc. (3,000 practices globally) and National Veterinary Associates (1,400+).
Shore Capital Partners, a private equity firm, has invested in MVP and SVP since 2017 and 2014, respectively. The merger aligns with Shore’s strategy of scaling investments amid high interest rates, making it challenging for private equity firms to find buyers. Expanding could allow the merged entity to pursue a public stock listing. According to Brakke Consulting’s John Volk, such a merger is unsurprising given these financial conditions and is unlikely to face regulatory opposition from the FTC. Neither MVP nor SVP displays their individual practice locations on their websites.
Read the full story HERE: https://www.pets.care/news/2024/09/mission-veterinary-partners-and-southern-veterinary-partners-plan-merger/