A West Coast hospital network, SAGE Veterinary Centers, is continuing a buying spree with the acquisition of Adobe Animal Hospital, which operates two practices in the San Francisco Bay area. Terms were not disclosed.
The purchase delivers general practice to the SAGE network, which until now has focused on specialty and emergency care.
The acquisition of Adobe Animal Hospital was made possible through an investment agreement reached in late 2018 between SAGE and the private equity firm Chicago Pacific Founders Fund L.P.
SAGE already owns four Northern California hospitals — in Campbell, Concord, Dublin and Redwood City — as well as ophthalmology clinics in San Carlos and San Francisco. Two recent acquisitions were Yakima Pet Emergency Service in Washington state and Veterinary Specialists of Alaska in Anchorage.
The Adobe acquisition is made up of hospitals in Los Altos and Los Gatos and a pet supplies store, Veterinary Medical Marketplace, at the Los Gatos location. According to its website, Adobe was owned by three active veterinarians — Drs. Jane Johnson, Jennifer Koga and Brian Maxwell — and Dr. Nancy O’Day, who retired.
Adobe President Summer Burke-Irmiter, MBA, said the merger with SAGE was “based on a shared passion to offer the best comprehensive pet care to all of the pets in the Bay area.”
“Our two amazing teams will combine our knowledge, passion and experience to make us the premier vet hospitals in our communities and in our industry,” she said.
SAGE is adding 40 Adobe veterinarians and 130 staff members to its roster of more than 550 veterinary professionals.
“The Adobe team brings primary care expertise, efficient operational experience and an outstanding reputation that will assist in fostering new and innovative growth opportunities,” said Gina Del Vecchio, SAGE’s CEO. “Together, we establish ourselves as the premier independent veterinary practice in the country, well along the path of becoming the Mayo Clinic of veterinary medicine.”
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