{"id":5837,"date":"2019-07-15T10:20:48","date_gmt":"2019-07-15T10:20:48","guid":{"rendered":"https:\/\/todaysveterinarybusiness.com\/?p=5837"},"modified":"2022-03-07T21:30:49","modified_gmt":"2022-03-07T21:30:49","slug":"medvets-expansion-strategy-gets-financial-backing","status":"publish","type":"post","link":"https:\/\/navc.sitepreview.app\/todaysveterinarybusiness.com\/medvets-expansion-strategy-gets-financial-backing\/","title":{"rendered":"MedVet\u2019s expansion strategy gets financial backing"},"content":{"rendered":"

MedVet, a chain of specialty and emergency veterinary hospitals, is planning further expansion after receiving an investment from SkyKnight Capital and the Goldman Sachs Merchant Banking Division.<\/p>\n

Harris Williams LLC reported advising MedVet during the negotiations, but the company did not disclose the size of the investment. Previous financing provided by Stonehenge Partners and SkyKnight Capital helped the chain grow from five hospitals to the current 24.<\/p>\n

\u201cMedVet is an exceptional company, and we are excited to expand our partnership,\u201d said Matthew Ebbel, managing partner of SkyKnight Capital. \u201cWith this investment, MedVet is extremely well positioned to continue its nationwide expansion and deliver on its mission to lead specialty health care for pets.\u201d<\/p>\n

Harris Williams noted that MedVet \u201cwill remain majority veterinarian owned and led.\u201d<\/p>\n

Columbus, Ohio-based MedVet<\/a> is headed by CEO Eric Schertel, DVM, Ph.D., DACVS, and chief medical officer Linda B. Lehmkuhl, DVM, MS, DACVIM. The company\u2019s 24 hospitals employ more than 2,000 people from Pittsburgh to Northern California.<\/p>\n

The veterinary industry appeals to big investors<\/a>.<\/p>\n

\u201cThe transaction is indicative of the strong interest and activity that we\u2019re seeing from investors in the veterinary services sector,\u201d said Whit Knier, a director at Harris Williams. \u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

MedVet, a chain of specialty and emergency veterinary hospitals, is planning further expansion after receiving an investment from SkyKnight Capital and the Goldman Sachs Merchant Banking Division.<\/p>\n","protected":false},"author":45,"featured_media":5838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":0,"footnotes":""},"categories":[90],"tags":[],"class_list":["post-5837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-online","column-news","clinical_topics-news"],"acf":{"hide_sidebar":false,"hide_sidebar_ad":false,"hide_all_ads":false},"yoast_head":"\nMedVet\u2019s expansion strategy gets financial backing | Today's Veterinary Business<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MedVet\u2019s expansion strategy gets financial backing\" \/>\n<meta property=\"og:description\" content=\"MedVet, a chain of specialty and emergency veterinary hospitals, is planning further expansion after receiving an investment from SkyKnight Capital and the Goldman Sachs Merchant Banking Division.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/navc.sitepreview.app\/todaysveterinarybusiness.com\/medvets-expansion-strategy-gets-financial-backing\/\" \/>\n<meta property=\"og:site_name\" content=\"Today's Veterinary Business\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/todaysveterinarybusiness\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-15T10:20:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-07T21:30:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/navc.sitepreview.app\/todaysveterinarybusiness.com\/wp-content\/uploads\/sites\/2\/2019\/07\/Money-Cat.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Louise S. 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