VetCor Purchases People, Pets and Vets
The VetCor network is growing by 150 locations in the Western and Southern United States with the acquisition of the People, Pets and Vets management company. Terms were not disclosed. Before the purchase, VetCor operated 549 hospitals in 40 states and Canada. VetCor’s financial backers are the private equity firm Harvest Partners and the private investment firm Cressey & Company.
Clients Can Donate to Veterinarian Well-Being
Pet owners can support veterinarians’ mental wellness by donating to the nonprofit Veterinary Hope Foundation. A new initiative involves the veterinary software company Greenline Pet and the advertising agency Bader Rutter. “Each of Greenline’s network of 10,000 veterinary clinics will have the chance to opt into this donation program,” the Delaware-based foundation reported. “Once enrolled, veterinary clinics will offer their clients the opportunity to donate an amount of their choosing to the Veterinary Hope Foundation at checkout.” According to the foundation, the donations will help fund “six-week, professionally facilitated peer support groups that help veterinary professionals better handle the unique stressors of their profession.”
Bravecto for Cats Gets an Upgrade
Two topical parasiticides for cats, Bravecto and Bravecto Plus, received an additional indication for the treatment and control of Asian longhorned tick infestations. The manufacturer, Merck Animal Health, reported that the Asian longhorned tick is found in more than one-third of the United States.
Petfolk Receives $40 Million for Growth
Five celebrities from the country music and auto racing worlds invested in Petfolk, a year-old network of veterinary wellness clinics headquartered in Charlotte, North Carolina. Veterinarian Dr. Audrey Wystrach, who co-founded Petfolk, said the $40 million raised, some of it from corporate investors White Star Capital and TriplePoint Capital, “will allow us to rapidly expand.” According to The News & Observer, in a story posted at bit.ly/3B9FOU2, also investing in Petfolk were country music singers Miranda Lambert and Dierks Bentley, racers Jimmie Johnson and Erik Jones and former driver Danica Patrick.
Eusoh Funding Platform Fails
Eusoh, a community-based cost-sharing service designed to pay members’ veterinary bills, terminated its pet business and will focus on human medicine. “We are an early-stage company with a small team, and we simply don’t have the bandwidth to pursue a human health care solution and continue providing a pet care product,” CEO Allen Kamrava wrote in an email.