A veterinary company in the North-East has been bought by a national group as part of its development projects in the region.
Medivet Group purchased the Dragon Veterinary Center in Concord, Wash. From owners Andrew and Julie Henfrey for an undisclosed amount and is now considering making a number of other acquisitions in the area.
Mr. and Mrs. Henfrey remain at the firm, along with the rest of his team.
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Originally founded in London, Medivet Group is a veterinarian owned and led group of over 350 branches that operates on a partnership basis. It also has 24 state-of-the-art 24-hour veterinary centers across the UK.
It has gradually strengthened its presence in the north of England and already has practices in places such as York, Harrogate, Knaresborough, Ripon and Thirsk.
Ben Hanning, Director of Acquisitions at Medivet Group, said: “The North East is a priority area for us as we continue to build to become a true national operator and we are very happy to have made such a practice as well. appreciated our first acquisition in the region.
“We operate on a successful hub and spoke model that allows smaller practices to access the best specialists, diagnostics and treatments through a nationwide network of hospitals and centers open 24 hours a day, while consultation and customer support is managed through the local network. team.
“People are at the heart of the acquisitions we choose to make and from the first time we met them, it was clear that Andrew and Julie shared the same priorities as us.
“In addition to being expert practitioners, they are also passionate about customer service, training and skill enhancement and have a well-deserved reputation for the quality of service they provide.
“We already have a number of other acquisition opportunities in the pipeline and believe this is the first step in establishing the Medivet Group across the North East. “
Mr. and Mrs. Henfrey have worked in the Washington area for over 25 years and established Dragon Vets in 2005.
Most of his clients are pets, but he also has a national reputation for his dermatology services and receives referrals from other practices across the region.
Mr Henfrey said: “The fact that Medivet is owned and operated by veterinarians was very attractive to us in terms of ensuring that our clients would continue to receive the highest standards of care, while its capital partnership model offers a way clear on succession planning for our team when the time comes for our retirement.
“We are very happy to be part of the Medivet team and excited about the benefits this will bring to our team and our customers. “
Mark Adams and Ben Jackson of the corporate team at Hay and Kilner law firm in Newcastle provided legal advice to the Henfrey on the transaction.
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