National Veterinary Associates

Private owner of freestanding U.S.-based veterinary hospitals
Invested in
2007
Status

Acquired by Ares Management 2014

Location
Agoura Hills, CA
Sector
Healthcare & Life Sciences
Sector
Healthcare & Life Sciences

"Summit has played a vital role in strengthening NVA on many fronts – from escalating our acquisitive capabilities to introducing new products years ahead of industry trends."

Greg Hartmann
Chairman of the Board, former President and CEO
|
National Veterinary Associates
150+

Veterinary hospitals added during Summit’s investment, dramatically increasing acquisition pace

2014

Acquired by Ares Management

150+

Veterinary hospitals added during Summit’s investment, dramatically increasing acquisition pace

2014

Acquired by Ares Management

National Veterinary Associates (NVA) was founded by Dr. Stanley Creighton, DVM, with an emphasis on supporting local medical standards as established by individual hospitals and practitioners. He had a vision to consolidate the fragmented veterinary practice market through an acquisition model that would provide practice management support services while allowing veterinarians to focus on delivering outstanding patient care.

How Summit Partners Helped

  • Recruited COO Greg Hartmann, who became CEO as part of a planned transition from the founder
  • Helped recruit and build a business development team to focus on practice acquisition
  • Supported the amendment and upsizing of the existing senior credit facility, providing additional capital to support acquisitions
  • Alongside company management, recruited two independent board members with deep healthcare experience
  • Engaged Summit’s Peak Performance Group to help evaluate new products, including new pet wellness plans that were designed to increase same-store-sales

At the time of Summit’s exit in 2014, NVA was the largest private owner of freestanding veterinary hospitals in the United States, with over 850 veterinarians providing a full range of medical and surgical services at more than 240 hospitals across 39 states.

The Portfolio Company Executive quoted herein did not receive compensation for any statements regarding Summit Partners. However, since National Veterinary Associates is a former portfolio company of Summit, this individual did receive general compensation in connection with his employment by the company. In addition, this individual is not an investor in a Summit fund but may have conflicts arising from his past role with National Veterinary Associates due to the company’s relationship with Summit.

Related News

No items found.
No items found.
Button Text

Get the Latest from Summit Partners

Subscribe to our newsletter to stay up to date on our partners, portfolio, and more.