Veterinary Practice Partners, an Audax Private Equity portfolio company and a community of over 125 animal hospitals across the U.S., has partnered with Caring Hands Animal Hospital, a network of eight veterinary hospitals in Maryland and Virginia.
Through this partnership, VPP and Caring Hands look to provide veterinary care and experience to pet owners and their animals, continue to help more doctors to become owners and protect veterinary-owned businesses. VPP and Caring Hands are elevating 21 associate doctors to become equity partners.
“The outcome of this partnership is that it will allow me to be more present in the exam room and give many of my hard-working doctors a chance to have equity and ownership, which is deserving due to their incredible dedication to our patients and this hospital,” comments Brian Neumann, co-owner of Caring Hands’ Alexandria location. “I am equally thrilled to maintain a significant ownership stake, which aligns the interests of our veterinarians and VPP and incentivizes each of us to reinforce our strong ties to our respective communities.”