Pathway Vet Alliance acquired 15 practices in the third quarter of 2019, giving the Texas-based veterinary hospital chain more than 200 locations in 33 states.
“For Pathway, 2019 has been a whirlwind year and we fully intend to continue our momentum into the final quarter,” said company CEO Stephen Hadley, DVM, MS, MBA. “We’re making incredible progress towards our strategic priorities and remain committed to expanding into new markets.”
The practices acquired in July, August and September were in 11 states: California, Colorado, Florida, Illinois, Massachusetts, New Hampshire, New Jersey, New Mexico, Ohio, Texas and Washington.
Pathway Vet Alliance started with a single practice in 2003 and reported 40% growth in 2018 with the addition of 55 practices.
The company’s business model is to purchase existing hospitals — general, emergency and specialty — leave the practice’s name, culture and staff in place, and manage back-office functions such as human resources, marketing and finance.