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Medivet

Description

Medivet is a provider of veterinary services with over 500 branches across the UK, Germany, and Spain. Founded in 1986 and headquartered in Watford, UK, the company delivers a full spectrum of small animal health services, including routine check-ups, 24/7 emergency care, lab & diagnostics, and advanced surgery to companion pets. Medivet operates a unique partnership model and has built a growing network of over 1,500 veterinarians.Medivet generates revenue through its extensive network of veterinary clinics and hospitals, which operate under a unique partnership model. The company's 'Branch Partner' co-ownership model allows veterinarians to become joint venture partners in the practices they operate, fostering a strong sense of ownership and commitment to delivering high-quality care.In 2021, private equity firm August Equity co-invested alongside CVC Capital Partners for a minority stake in Medivet. This investment aimed to support Medivet's continued growth in both the UK and internationally, building on the company's established reputation for exceptional care and service to its clients.In 2023, Medivet secured further growth investment from a group of institutional partners led by LGT Capital Partners (LGT CP), who joined CVC Capital Partners and August Equity to support the company's ongoing expansion. This additional investment will enable Medivet to accelerate its growth plans, which include investing in people, technology, clinical facilities, and new clinic acquisitions.

📈 Operating Performance

£m
2023
2021
Margin (%)
YoY Change (%)
UK Turnover (%)
REVENUE
345.9
-
290.0
-
-
%
0.2
-
%
1
-
%
COGS
207.4
-
160.5
-
0.6
-
%
0.29
-
%
-
GP
138.5
-
129.5
-
0.4
-
%
0.29
-
%
-
OPEX
125.9
-
122.7
-
0.364
-
%
0.03
-
%
-
EBIT
14.4
-
9.8
-
0.042
-
%
0.47
-
%
-
ADJ EBIT
-
-
-
%
-
%
-
NET INCOME
-58.6
-
-78.8
-
-
%
-0.26
-
%
-

📰 Latest News

Title
Date
Article Type
Link
Medivet Renews Acquisition Drive to Expand UK Footprint
Nov 2023
Corporate Activity
Read More
Medivet Announces Acquisition of Torquay based Animal Health Centre
No news articles to show.
Nov 2023
Corporate Activity
Read More
Medivet resumes growth with acquisition of Devon practice
Nov 2023
Corporate Activity
Read More
Medivet Positioned for Further Expansion
Jun 2023
Corporate Activity
Read More
Completed acquisitions by Medivet Group Limited of multiple independent veterinary businesses
May 2023
Corporate Activity
Read More

📰 Latest News

Title
Date
Article Type
Medivet Renews Acquisition Drive to Expand UK Footprint
Nov 2023
Corporate Activity
Medivet Announces Acquisition of Torquay based Animal Health Centre
Nov 2023
No news articles to show.
Corporate Activity
Medivet resumes growth with acquisition of Devon practice
Nov 2023
Corporate Activity
Medivet Positioned for Further Expansion
Jun 2023
Corporate Activity
Completed acquisitions by Medivet Group Limited of multiple independent veterinary businesses
May 2023
Corporate Activity

🎯 Segmentation

Industry
Healthcare
Sub-industry
Veterinary Services
Region
UK, EUROPE
Revenues (£M)
345.9
Employees
4194.1
PE Fund
August Equity
Website URL
Click Here ↗
Linkedin Page
Click Here ↗

🏦 Asset Base

CAPEX (£M)
-
PPE (£M)
17.1
Depreciation (£M)
2.7

👥 Organisation

Employees (£M)
150.2
Employees (#)
4194.1
Employees % Rev
43.4
%

💼 Company Stakeholders

Chris Cools - CEO
Click Here ↗
TBC
Bart Borms - CFO
Click Here ↗
TBC
Gonzalo Lopez-Ceron Cofiño - COO
Click Here ↗
TBC
Andrew Nethercot - GC
Click Here ↗
TBC

🪙 PE Fund Representatives

David Lonsdale
Click Here ↗
TBC

✏️ My Personal Notes COMING SOON