Today's Veterinary Business

FEB 2018

Today’s Veterinary Business provides information and resources designed to help veterinarians and office management improve the financial performance of their practices, allowing them to increase the level of patient care and client service.

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Page 9 of 67

8 Today's Veterinary Business News Briefs News Briefs AVMA adds umbrella trust AVMA PLIT and AVMA LIFE — the American Veterinary Medical Asso- ciation's two insurance programs — will be restructured under an um- brella trust. The change will result in a seven-member board of trustees — two from AVMA PLIT, two from AVMA LIFE and three appointees. PetIQ buys VIP Petcare PetIQ, a manufacturer and distribu- tor of retail pet products, is entering veterinary care with the $220 million takeover of VIP Petcare, whose community clinics provide low-level services such as vaccinations and mi- crochipping at hundreds of feed and pet stores in 31 states. VIP Petcare also operates 10 permanent Wellness Centers inside partner pet stores. LMU to host InVeST event The growing use of simulation in veterinary education will be the focus of the sixth International Veterinary Simulation in Teaching (InVeST) Conference, scheduled for Oct. 17 to 19 in Knoxville, Tennessee. The Lincoln Memorial University College of Veterinary Medicine will host the event. More information is available by emailing Southern Vet still growing Founded in 2014, Southern Veter- inary Partners closed 2017 with 39 hospitals under its control following a few late additions. The network's newest locations are Helena Veteri- nary Clinic in Helena, Alabama; Your Family Veterinarian in Orlando, Flor- ida; Bonnie Brae Veterinary Hospital in Columbus, North Carolina; Block House Creek Animal Hospital in Cedar Park, Texas; and Betty Baugh's Animal Clinic in Richmond, Virginia. Sold: PetVet Centers The global investment firm KKR & Co. agreed to purchase the 125-hos- pital PetVet Care Centers network for an undisclosed price. The transaction is expected to lead to further expansion of PetVet, which has moved into 22 states since its founding in 2012. KKR is acquiring PetVet from a number of sharehold- ers, including the Ontario Teachers' Pension Plan and the private-equity firm L Catterton. Pathway outgrows HQ Pathway moved into a 15,500- square-foot office to support the veterinary hospital management company's rapid expansion. The space in the historic Seaholm Power Plant in downtown Austin, Texas, is four times larger than the old head- quarters. Pathway added nearly 100 hospitals to its roster in 2017. Laser Study Club to meet Four veterinarians are among the scheduled speakers at the Amer- ican Laser Study Club's inaugural symposium, set for April 6 to 8 in Orlando, Florida. The event will explore the use of laser dentistry and laser surgery in veterinary and human medicine. More information is available at Longer DOI for Vanguard Vanguard Rapid Resp 3, a vaccine targeting three canine infectious respiratory diseases, earned an ex- tended, one-year duration of immu- nity claim from the U.S. Department of Agriculture. Manufacturer Zoetis Inc. reported that the product "is the first and only intranasal vaccine line in the United States" to offer 12 months' protection against Borde- tella bronchiseptica (Bb), canine ad- enovirus type 2 (CAV-2) and canine parainfluenza virus (CPiV). Dead fund benefits Morris Morris Animal Foundation has received a $423,950 cash infusion due to the dissolution of the Amer- ican College of Veterinary Internal Medicine Foundation. The ACVIM Foundation's Board of Regents voted in December 2016 to termi- nate the fundraising arm because of "a lack of financial viability and an unsustainable business model." 3 vets advising PuppySpot Three veterinarians joined the scien- tific advisory board at PuppySpot, a start-up company that connects po- tential dog buyers with what it calls "responsible breeders." They are: Ron DeHaven, DVM, MBA, the president of DeHaven Veterinary Solutions and former CEO of the American Veterinary Medical Association; Peter Kirsten, DVM, a former supervisory animal care specialist and veterinary medical officer with the U.S. Depart- ment of Agriculture's Animal and Plant Health Inspection Service; and Aaron Wise, DVM, MS, of East Holmes Veterinary Clinic in Berlin, Ohio. Schein buys eVetPractice eVetPractice, a family-run provider of cloud-based practice manage- ment software for veterinary clinics, was acquired by Henry Schein Inc. Terms were not disclosed. eVetPrac- tice was founded in 2011 by com- puter science engineer Eddie Heinz, who will join the Henry Schein Veterinary Solutions executive team. Community Vet now at 42 The Community Veterinary Partners hospital network grew by seven lo- cations, to 42, with the acquisition of practices in Indiana, North Carolina and Virginia. Be a practice manager Students interested in a career as a veterinary practice manager may enroll in a new Penn Foster College online program. The Scottsdale, Ar- izona, private school launched the Veterinary Practice Management Undergraduate Certificate. More information is available at http:// Centaur expands in U.K. Centaur Services intends to better equip veterinarians in northern England, North Wales and Scotland when the distributor opens a ware- house in the Midlands this spring. The second warehouse also could serve physicians at some point, re- ported Centaur, a subsidiary of Amer- isourceBergen. The 180,100-square- foot warehouse will stock more than 13,000 veterinary products. New practice: Fetch My Vet South Florida veterinarian Michael Sanwald, DVM, and a group of investors launched the house-call service Fetch My Vet. The $150 fee for a wellness or sick visit is higher than what most veterinary practices charge, but Dr. Sanwald said clients pay for the convenience and the undivided attention of a veteri- narian and a veterinary technician. Vaccinations start at $25. Investors like Fuzzy Pet A start-up company that provides subscription-based, in-home vet- erinary care secured $4.5 million in financing. Fuzzy Pet Health, which sends veterinarians to client homes across the San Francisco Bay area, reported receiving seed money from Eniac Ventures, Crosscut Ventures, Precursor Ventures, SV Angel, Accelerator and FJ Labs. The company intends to expand to other U.S. cities in 2018. New flu shots from Zoetis Zoetis Inc. started shipping Van- guard CIV H3N2/H3N8, the com- pany's newest vaccine against canine influenza virus. The vaccine is administered subcutaneously to healthy dogs 8 weeks or older. Two doses are given three weeks apart. MWI buys Northeast Vet Regional distributor Northeast Veterinary Supply Co. (NEVSCO) was acquired by one of the industry's largest wholesalers, MWI Animal Health. Terms were not reported. The takeover came nearly three years after MWI itself was pur- chased by AmerisourceBergen in a $2.5 billion transaction. Merck in acquisition mode Merck Animal Health is expanding its international business with the acquisition of two vaccine manufac- turers: Prondil S.A. of Montevideo, Uruguay, and Vilsan Pharmaceuti- cals of Istanbul, Turkey. Innovation Summit slated The second annual Veterinary Innovation Summit — an in-depth look at the latest technologies in veterinary health care and the industry's future — is scheduled for April 6 to 8 at Texas A&M University. More information is available at www.veterinaryinnovationsummit. com. The event is co-sponsored by the North American Veterinary Community, publisher of Today's Veterinary Business.

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