American Veterinary Group Finds an Financial investment Spouse
2 min readOak Hill Capital will support mature the 46-medical center chain.
Growth is on the horizon for American Veterinary Group, the owner of 46 hospitals in 6 states, following the corporation agreed to an financial commitment deal with the private equity agency Oak Hill Money.
Details of the transaction have been not unveiled. Oak Hill invested an undisclosed sum in the a great deal-larger VetCor veterinary hospital community in 2018.
American Veterinary Team, founded in 2015, owns and manages common observe and urgent care hospitals in Florida, Georgia, North Carolina, Oklahoma, South Carolina and Texas. Acquired hospitals keep their health-related groups, identify and society.
“We straight away had been amazed with Oak Hill’s knowledge of the veterinary expert services space but extra importantly their shared worth of the lengthy-term customer relationships designed by our local veterinary groups throughout our hospitals on a every day foundation,” reported Craig Niebur, CEO of American Veterinary Group. “We are energized about this alignment with our core values as this partnership positions us to keep on our vision of growing the AVG spouse and children of hospitals that we have created about the last 5 years.”
Oak Hill taking care of spouse Steve Puccinelli explained American Veterinary Team “is nicely-positioned for advancement in the really fragmented veterinary care providers market.”
American Veterinary Group’s government workforce is expected to keep with the business. Amongst the leaders are two veterinarians: main working officer and chief health-related officer Christopher Smith, DVM, and Jim Dobies, DVM, president of the six-clinic UrgentVet division.
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