Leading veterinary organizations come together to reinvent veterinary medicine and improve the lives of our teams, patients and their families through collaborative and compassionate care
AGOURA HILLS, Calif. & WOBURN, Mass., Aug. 16, 2021–(BUSINESS WIRE)–National Veterinary Associates (“NVA”), a leading global community of nearly 1,200 animal hospitals, and Ethos Veterinary Health (“Ethos”), one of the most innovative veterinary organizations in the industry, announced today that Ethos has agreed to join the NVA community and become a partner in advancing veterinary medicine for patients and their families.
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Seeking a partner able to accelerate their mission to transform veterinary care, Ethos found in NVA a community that shares this commitment and offers a unique opportunity to leverage collaboration and innovation between two world-class specialty and… to promote emergency care organizations, NVA Compassion, -First and Ethos Veterinary Health. Ethos’ management team, including Chief Executive Officer G. Ames Prentiss, will continue to lead Ethos’ specialty hospital community while supporting clinical research and the organization’s leading veterinary learning ecosystem, VetBloom.
NVA and Ethos believe they can achieve more and better together, leveraging each community’s world-class practices and unique expertise through a collaborative operating approach and a shared commitment to advancing the veterinary profession. As part of the transaction, Ethos shareholders will invest a significant portion of their investment in shares of NVA. In addition, NVA has announced a $10 million donation to Ethos Discovery, a pioneering non-profit scientific and medical incubator dedicated to advancing the diagnostic and therapeutic treatment of complex diseases, including cancer research.
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Founded in 1997 by a veterinarian for veterinarians, NVA is a leading global community of independently managed emergency, specialty and general animal hospitals, united in a love of animals and the people who love them. Ethos will partner with NVA Compassion-First’s 90 specialty and emergency hospitals, which have distinguished themselves as innovative and compassionate leaders in the delivery of world-class medicine.
Founded in 2015 following the merger of four specialist veterinary groups, Ethos Veterinary Health has grown into an industry leader with more than 400 veterinarians dedicated to transforming veterinary medicine. Ethos’ community of renowned veterinary clinics strives to transform veterinary science through the development of groundbreaking clinical research and industry-leading continuing education programs. Ethos Veterinary Health currently operates 23 hospitals across the United States with over 400 veterinarians and approximately 1,900 employees.
“We are delighted to welcome Ethos to the NVA family,” said Greg Hartmann, CEO of NVA. “Ethos’ passion and commitment to transforming medicine through a diverse range of clinical research and educational programs creates a compelling growth opportunity for our community. Our common purpose furthers the NVA’s vision to build the premier veterinary community based on compassion, innovation and advanced medicine. Enable veterinary teams to provide quality care to pets and their families.”
“Today marks an incredibly exciting milestone for Ethos Veterinary Health as we join the NVA family to pool knowledge and resources to better serve our customers, partners and local communities,” said G. Ames Prentiss, CEO of ethos. “With a science-driven focus and a shared passion to provide patients with unmatched veterinary healthcare, our two organizations complement each other in a unique way. We look forward to working with the NVA to continue advancing animal health as we execute our multifaceted growth strategy in the United States years to come.”
Skadden, Arps, Slate, Meagher & Flom LLP and Crowell & Moring LLP acted as legal counsel to NVA. BofA Securities, Inc. acted as exclusive financial advisor and Proskauer Rose LLP as legal advisor to Ethos Veterinary Health. Citizens Capital Markets, Inc. also acted as special advisor to the Company’s board of directors in connection with the transaction.
About NVA and NVA Compassion First:
NVA is a world-leading veterinary community of nearly 1,200 independently managed animal hospitals offering specialty, emergency and general medical care, and more than 100 pet resorts, all united in a love of animals and the people who love them. Rooted in a culture of compassion and innovation, NVA Compassion-First is the NVA’s specialty and emergency care group with over 1,200 board-certified and emergency physicians in 90 veterinary clinics offering a full range of advanced medical and specialty services. NVA champions each hospital’s unique culture and opportunity by enabling innovation, collaboration and a commitment to providing exceptional care for pets and their families. Visit www.nva.com for more information.
About Ethos Veterinary Health
Ethos Veterinary Health is a unique and impactful science-driven animal health company with a focus on collaboration, evidence-based decision making, commitment to the veterinary ethos and nurturing a passion for what we do. The company operates 23 hospitals across the United States with over 400 veterinarians and provides advanced medical care for pets. Our approach includes a focus on transformative science, continuous learning and growth for team members and collaboration. Visit www.ethosvet.com for more information.
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Edelman, Danielle O’Brien