IVC Evidensia Welcomes VetStrategy To The Group
IVC Evidensia, Europe’s leading veterinary care provider, today announced its plan to merge with VetStrategy, the leading Canadian veterinary care provider. The combined business will be one of the largest veterinary care groups in the world, with almost 30,000 employees and 2,000 clinics and hospitals across 17 countries.
The combination will further expand the two companies’ shared purpose of delivering the highest quality pet care, bringing new standards to staff well-being and broadening digitalisation and innovation capabilities within the sector. Terms of the transaction were not disclosed.
VetStrategy, including Groupe Vétérinaire Daubigny, operates more than 270 hospitals across nine Canadian provinces. Like IVC Evidensia, VetStrategy employs a “heritage-first” model promoting clinical independence and services innovation.
Stephen Clarke, CEO of IVC Evidensia, said:
“IVC Evidensia will support VetStrategy as it continues to invest in patient care, client service and staff growth and wellbeing. Our businesses are a great fit, not just in terms of expanding our geographic footprint, but also in terms of our shared vision and values. Both companies are totally committed to caring for animals, people and the environment. VetStrategy shares our view on sustainability and the need to make a more positive impact on the world. Together we will continue leading the way in bringing new standards of animal clinical excellence and staff wellbeing to the markets we serve, including by investing in digitalisation to benefit consumers, their pets, and veterinarians alike.”
Orin Litman, CEO of VetStrategy, said:
“VetStrategy is excited to partner with the IVC Evidensia team. Under the broader IVC Evidensia umbrella, we will be able to further invest in our network of clinics across Canada while enhancing the range of services we provide to our customers and our veterinarian partners. Having co-founded the business in 2006, I am immensely proud of our organisation’s growth and commitment to our key stakeholders and I am thrilled to partner with one of the leading veterinary groups in the world to further benefit our veterinarian partners and hospital teams and continue to invest in our service and standards of care. I am particularly excited about our shared vision for the benefits that digitalisation can bring to the pet care ecosystem, and the expertise in that area that joining with IVC Evidensia can bring to VetStrategy/Groupe Vétérinaire Daubigny. I look forward to working closely with Steve and his team as we do great things together.”
EQT will remain the largest shareholder in the enlarged IVC Evidensia group, while Silver Lake and Nestlé will retain their significant minority stakes. All existing VetStrategy shareholders, including Berkshire Partners and the VetStrategy management team, are rolling their investment into the enlarged IVC Evidensia group, reflecting their long-term commitment and shared vision to veterinary care across multiple countries and cultures.
For further information, please contact:
IVC Evidensia & VetStrategy
Fiona Micallef-Eynaud / Craig Breheny, Brunswick Group
+44 207 404 5959
IVCEvidensia@brunswickgroup.com
About IVC Evidensia
IVC Evidensia is Europe’s leading veterinary care provider, serving more than 4 million pets and their owners across 17 countries. We invest in our people, premises and processes to provide clinical excellence across the continent in all the markets that we serve. We believe the best veterinary practices are those led by local teams, which is why we invest in the continuous professional development of our staff whilst offering clinical independence to allow them to deliver the highest quality pet care possible. https://ivcevidensia.com/
About VetStrategy
Founded in 2006, VetStrategy, including Groupe Vétérinaire Daubigny, is Canada’s leading veterinary services network, servicing more than two million patients through its 270 hospitals across nine Canadian provinces. As the partner of choice for Canada’s veterinarians, VetStrategy is built on a “heritage-first” model to support its patients, clients, and people. In addition to services supporting hospital partners, VetStrategy supports independent veterinarians through Globalvet and Vet Alliance, two of Canada’s largest veterinary buying groups, and its pharmaceutical compounding service line, Summit Veterinary Pharmacy. www.vetstrategy.com