PRIVATE EQUITY OWNED
Mission Pet Health
Includes Southern Veterinary Partners, Mission Veterinary Partners, SVP
Veterinary Care · Birmingham, AL
- Year Acquired
- 2014
One PE firm merged its own two vet chains into a 750-clinic giant. The FTC investigated, then waved it through.
What They Did
- Shore Capital Partners backed Southern Veterinary Partners starting in 2014, growing it to 400+ clinics through aggressive acquisitions
- In 2024, Shore Capital merged its own two vet chains, Southern Veterinary Partners and Mission Veterinary Partners, and brought in Silver Lake to recapitalize the combined $8.6 billion business, one of the largest vet consolidators in the US
- The combined company rebranded as 'Mission Pet Health' in 2025, making it even harder for consumers to trace corporate ownership
Since the Acquisition
- Veterinary prices have risen roughly 60% over the past decade as PE consolidators rolled up local clinics
- A petition urged regulators to block the merger over antitrust concerns, citing reduced competition in local vet markets
Sources
- Private Equity Giants Near $8.6 Billion Veterinary Merger(2024-09)
- Southern Veterinary Partners and Mission Veterinary Partners Join Together as Mission Pet Health(2025-07-21)
- Private Equity's Stealthy Vet Takeover Leaves Pet Owners Paying the Price (American Economic Liberties Project)(2024-09)
- Compass Lexecon Veterinary Clients Obtain FTC Merger Clearance(2024-10)
- Warren, Blumenthal Slam Private Equity Company for Consolidating Veterinary Care, Raising Costs for Pet Owners(2024-08-07)
- Shore Capital and Silver Lake mull $8.6bn merger of veterinary groups(2024-11-01)