Article originally posted by BusinessWire
AmeriVet Veterinary Partners (“AmeriVet”) is pleased to announce that a substantial minority investment has been made in the business by OPTrust, one of Canada’s largest defined benefit pension plans. Imperial Capital Limited (“Imperial”), the company’s majority investor, has also increased its investment. This additional capital will support AmeriVet’s goal of entering into additional partnerships with leading veterinarians across the United States.
AmeriVet’s unique business model of acquiring veterinary practices through a joint venture partnership allows veterinarians to retain a stake in their business, maintain control of day-to-day operations and still participate in the upside when they ultimately exit the business, while simultaneously benefiting from the ability to leverage operational and industry best practices as part of a larger team of veterinarians. To date, AmeriVet has acquired majority ownership positions in 33 veterinary practices in 15 states.