The 1,150-hospital National Veterinary Associates network has acquired SAGE Veterinary Centers, an emergency and specialty group operating in four states.
The price tag was not announced, but the companies reported that “SAGE’s management, their founding veterinarians and Chicago Pacific Founders will roll over a portion of their investment proceeds into stock in NVA.” Chicago Pacific Founders, a private equity firm, invested in SAGE in 2018, bankrolling several hospital purchases.
SAGE Veterinary Centers will be positioned under NVA Compassion-First, the parent company’s 85-hospital specialty and emergency arm.
“This combination marks an important step towards our vision to build the leading global specialty and emergency veterinary hospital group, affording veterinarians the opportunity to collaborate and advance medical capability,” said NVA’s CEO, Greg Hartmann. “Our shared values of compassion, teamwork and innovation will prove essential as we expand our mission to provide best-in-class medicine to pets and their families.”
NVA’s independently managed veterinary hospitals are in the United States, Canada, Australia, New Zealand and Singapore.
SAGE has 16 practices in Alaska, California, Texas and Washington State.
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