The Independent Veterinary Practitioners Association (IVPA), a nonprofit trade association representing the interests of independently owned animal hospitals in North America, recently ANNOUNCED a partnership with pet insurance provider, Trupanion.
The announced partnership follows a recent announcement by the JAB Holding Company (JAB) that Independence Pet Holdings has entered into a definitive agreement to acquire Figo Pet Insurance. The JAB Holding Company has a controlling stake in National Veterinary Associates (NVA) which owns and operates approximately 1,200+ animal hospitals in the U.S.
It’s estimated that approximately 25% of all veterinary practices within the United States will be CORPORATE-OWNED by 2023 according to a forecast by Brakke Consulting.
Independent Veterinary Practitioners Association Partners with Trupanion to Level the Playing Field (11.9.21)
THE STATE OF VETERINARY CORPORATIZATION
- The acquisition of private-owned animal hospitals by corporate entities such as veterinary consolidators and hospital groups has accelerated over the last few years.
CASE STUDY: IS YOUR ‘LOCAL’ ANIMAL HOSPITAL CORPORATE-OWNED?
- Study conducted by CARE for Pets™ reveals many veterinary consolidators operating corporate-owned animal hospitals in the state of Arizona may give a false appearance to pet owners that the animal hospital is independent, locally owned and operated.