Agoura Hills-based National Veterinary Associates announced Friday the addition of Sage Veterinary Centers to its network of hospitals.
The acquisition has been in motion since last year, when PE Hub reported that private equity firm Chicago Pacific Founders was selling Sage to the NVA at a valuation of at least $1.25 billion. Sage provides specialty and emergency veterinary medicine services and has locations primarily in the Bay Area.
“We are so pleased to welcome Sage and its outstanding teams to the NVA Compassion-First family, expanding our ability to exceed the growing demands of pet parents for world-class specialty and emergency medicine,” Greg Hartmann, NVA’s chief executive, said in a statement.
The NVA has more than 100 specialty, emergency and surgical hospitals in its network.
Sage management, the company’s founding veterinarians and Chicago Pacific Founders have rolled over a portion of their investment proceeds into stock in NVA pursuant the transaction.
“NVA Compassion-First is the ideal partner for Sage’s next chapter, affording our doctors and teams greater opportunities to collaborate, grow and thrive,” Gina Del Vecchio, chief executive of SAGE, said in a statement. “I am confident our talented veterinary, clinical and support teams, as well as patients and their families, will see significant benefits from joining NVA Compassion-First.”