Shore Capital Partners, a Chicago-based private equity firm focused exclusively on microcap healthcare investments, recapitalized Advanced Animal Hospital Group and Progressive Pet Animal Hospitals and merged the respective businesses to form Midwest Veterinary Partners.
Shore, which has partnered with Dr. Vic Dhillon, owner of Advanced Animal Hospital Group, and Dr. Jeff Rothstein, owner of Progressive Pet Animal Hospitals, plans to invest in infrastructure to standardize operations and provide support to MVP’s current and future clinics including centralized finance, accounting, human resources, IT, sales and marketing.
The amount of the transaction were not disclosed.
The company has 22 general practice veterinary clinics in Michigan, Wisconsin, and Illinois, and provides services to companion animals including vaccinations, surgery, wellness exams, oncology, ophthalmology, allergy treatment and dermatology.
FinSMEs
01/11/2017