Veterinary product and service provider Covetrus has made what it called a “strategic investment” in Veterinary Study Groups Inc., which runs dozens of peer-to-peer, members-only management groups.
Financial terms were not announced, but Covetrus reported that Georgia-based VSG will operate as a standalone company inside of Covetrus.
VSG’s Veterinary Management Groups (VMG) have over 1,100 members who collectively own more than 1,500 practices in the United States and Canada. Each group meets biannually to share data and management experiences, and members have access to preferred pricing for products and services from selected vendors.
The transaction came one year after VSG became a preferred partner for Covetrus’ prescription management and specialty pharmacy products.
“We have long-admired VSG as it is an iconic veterinary organization that shares our mission around enabling veterinarians in the pursuit of clinical, operational and financial success,” said Ben Wolin, president and CEO of Covetrus. “The VSG leadership team is critical to continuing the success of VMG members, and we look forward to collaborating as colleagues while driving increased value for veterinary practices and advancing our industry.”
VSG’s CEO and president is Link Welborn, DVM, DABVP, a past president of the American Animal Hospital Association and the owner of five small animal hospitals in Tampa, Florida.
“VSG and Covetrus share a common vision and set of values, all in support of helping veterinary practices in their pursuit of extraordinary success and advocating for the veterinary profession,” Dr. Welborn said. “We are excited about moving forward with this expanded strategic relationship as we look to help current and future VMG members further improve their clinical outcomes and achieve greater success in their practices.”
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