PRIVATE EQUITY OWNED
National Veterinary Associates
Includes NVA, NVA Vet
veterinary · Agoura Hills, CA
- PE Firm
- JAB Holding Company →
- Year Acquired
- 2019
Your 'local' vet is owned by a conglomerate. The FTC had to step in twice.
What They Did
- JAB Holding bought NVA and its nearly 700 veterinary hospitals and pet resorts in 2019, making it one of the largest veterinary consolidators in North America
- Senators Warren and Blumenthal investigated JAB's impact on pet care pricing in 2024
- The FTC has stepped in twice on JAB's vet clinic shopping spree, forcing it to sell off clinics and requiring permission before it buys more in markets it already dominates
- Between VCA (Mars) and NVA (JAB), two mega-corporations now control thousands of your 'neighborhood' vets
Since the Acquisition
- Vet prices are up about 60% since 2014, and Senators Warren and Blumenthal blame corporate rollups like NVA's
- Senators Warren and Blumenthal say PE-owned vet practices pressure staff to upsell pricey tests and meet procedure quotas
Sources
- Warren, Blumenthal investigate PE in pet care — U.S. Senate(2024-11-19)
- NVA clinics purchased by German-owned company — AVMA(2019-09-01)
- FTC Takes Second Action Against JAB Consumer Partners to Protect Pet Owners from Private Equity Firm's Rollup of Veterinary Services Clinics — FTC(2022-06-29)
- Warren, Blumenthal Slam Private Equity Company for Consolidating Veterinary Care, Raising Costs for Pet Owners — U.S. Senate(2024-08-07)