Blue River PetCare, is one of the leading operators of veterinary hospitals in the US. Blue River owns, operates and or controls a network of more than 190 general practices nationwide. The company was founded in 2009 and its headquarters are located in Chicago, Illinois. Blue River PetCare, is a portfolio company of Partners Group, a Swiss-based global private equity firm, and has a significant equity investment into the hospital group since 2019.

The company is led by Dan Blumenthal, Chief Executive Officer and Co-Founder of Blue River PetCare.

BLUE RIVER PETCARE LOCATIONS:

  • Pet owners can view a complete listing of all Blue River PetCare locations by accessing our PLATFORM™ app — a searchable online database tool that tracks all acquisitions of veterinary consolidators in the United States.

CASE STUDIES & RESEARCH:

  • CEO’s of Veterinary Consolidators and Hospital Groups
    https://www.pets.care/list-of-chief-executive-officers-of-veterinary-consolidators/

    • Study conducted by CARE for Pets™ reveals that the majority of veterinary consolidators are led by non-veterinarians. According to the company’s website about Dan Blumenthal, Chief Executive Officer and Co-Founder of Blue River PetCare: “Prior to starting Blue River PetCare in 2009, Dan gained deep knowledge and experience within the legal and venture capital space, beginning with his Bachelor of Arts in Economics and History from Brandeis University and Juris Doctor from Harvard Law School. Professionally, Dan gathered experience from his time at Latham & Watkins, Continental Illinois Venture Corporation, and Willis Stein & Partners.” (Jobs Statement as of 8.6.25). Refer to company’s Our Team page for more information.
  • Caring for America’s Pets and Their Vets (Partners Group – August 2023)
    https://www.partnersgroup.com/~/media/Files/P/Partnersgroup/Universal/perspectives-document/20230830-partners-group-case-study-blue-river.pdf

    • Since 2019, the hospital group has grown from 90 to 182 hospitals1 with more than 500 veterinarians in 35 states.
    • Group revenues more than doubled, with average earnings per hospital up 12% in just under three years.
    • Compound annualized revenue growth of 24%.
    • EBITDA margin expansion 2019-2022 +160bps1
    • Average veterinarian retention rate of 85%, compared to the industry average of 77%.

FOOTNOTE: (1) As of April 2023.

EMPLOYEE REVIEWS OF BLUE RIVER PETCARE:

  • Reading ALL company reviews at popular job websites about Blue River PetCare may provide greater insight about the company’s leadership, culture, work conditions, it’s priorities, any potential warning signs of financial distress, and or if the entity is seeking a recapitalization — GLASSDOOR | INDEED.

RECENT NEWS

  • Blue River Petcare Launches Sale Process, Sources Say (12.5.24)
    https://ionanalytics.com/insights/mergermarket/blue-river-petcare-launches-sale-process-sources-say/

    • Bids for the platform clocked in around the 15x-16x EBITDA range, said two of the sources. However, the veterinary practice group is targeting a valuation of 17 to 19x EBITDA, according to ION Analytics.
  • Blue River PetCare Appoints Leerink Partners to Explore Sale (7.23.24)
    https://ionanalytics.com/insights/mergermarket/blue-river-petcare-appoints-leerink-partners-to-explore-sale/

    • Blue River generates around USD 100m in adjusted EBITDA, two of the sources and a third source familiar said according to ION Analytics. The company is likely to generate a low-to-mid teens EBITDA multiple, or up to USD 1.5bn, in the event of a sale, two of the sources said.
  • Scoop: Partners Preps Blue River for Market (8.3.22)
    https://www.axios.com/pro/health-tech-deals/2022/08/03/scoop-partners-blue-river-veterinary

    • Partners Group is gearing up for a potential sale of Blue River Petcare, three sources tell Axios.
    • Sources say Blue River is generating around $75 million of EBITDA. In 2019, Blue River’s adjusted EBITDA was pegged at north of $30 million.
    • The 2019 deal concluded a BofA-led process that valued Blue River at around $440 million to $500 million, sources say.

Articles about Blue River PetCare on the Pets.Care News Blog:
https://www.pets.care/news/category/blue-river-petcare/