Welcome to Innovetive Petcare
 
Innovetive Petcare owns and operates veterinary hospitals across the country. Our clinics benefit from tools, resources, and a great support team dedicated to helping veterinary practices prosper and grow. We believe that veterinarians should be able to pursue their passion for veterinary care without sacrificing a healthy work-life balance. When you utilize our best-in-class tools, financial resources and support team, you’ll be able to focus on providing quality pet healthcare and customer service... and have the opportunity to spend more time with family, friends and other interests outside of work!
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INNOVETIVE PETCARE
IMPROVING THE LIVES OF PETS AND PEOPLE
Welcome to Innovetive Petcare
 
Innovetive Petcare owns and operates veterinary hospitals across the country. Our clinics benefit from tools, resources, and a great support team dedicated to helping veterinary practices prosper and grow. We believe that veterinarians should be able to pursue their passion for veterinary care without sacrificing a healthy work-life balance. When you utilize our best-in-class tools, financial resources and support team, you’ll be able to focus on providing quality pet healthcare and customer service... and have the opportunity to spend more time with family, friends and other interests outside of work!

ANDREA SHARMA JOINS INNOVETIVE PETCARE

Mrs. Sharma joins the Innovetive Petcare team as Chief Financial Officer

Innovetive Petcare, Inc. is pleased to announce that Andrea Sharma has joined the Innovetive Petcare team as Chief Financial Officer. Mrs. Sharma takes responsibility for the financial leadership of Innovetive Petcare and will apply her finance, strategy, and operations experience to support Innovetive Petcare’s accelerated growth.

“I am excited to be joining Innovetive Petcare as the company looks to accelerate its growth,” Mrs. Sharma said.  “I look forward to applying my financial leadership and strategy skills to building an extraordinary company.”

Mrs. Sharma joins Innovetive Petcare with more than 20 years of experience in finance, including holding senior finance positions in a variety of high-growth health care and technology companies. Prior to taking on this role, Mrs. Sharma served as Chief Financial Officer of Medical Express PSI, a wholly-owned subsidiary of Össur, where she reengineered the company’s processes for improved profitability and scalable growth. Mrs. Sharma also served as Chief Financial Officer of Health Hero Network, a venture-backed start-up and leading innovator of remote health monitoring technology, where she oversaw Finance, Investor Relations, Human Resources, and Regulatory Affairs. Mrs. Sharma spearheaded all aspects of the sale of Health Hero Network to the Bosch Group. During her tenure as Vice President of Finance, Corporate Controller at Wireless Facilities, Mrs. Sharma led the finance team through the evolution of a $50M venture-backed, pre-IPO startup to a $250M publicly traded industry leader.

Mrs. Sharma graduated from the University of Washington with a BS in Business Administration and earned her MBA and Certificate in Global Management from the Walter A. Haas School of Business at the University of California, Berkeley. Mrs. Sharma is a Certified Public Accountant (inactive).

Mark Ziller, President & CEO of Innovetive Petcare said, “Bringing Andrea Sharma onboard is a critical step to continue the growth trajectory of Innovetive Petcare. I couldn’t be more pleased to have Mrs. Sharma, with her extensive financial and strategic background and skill set, as part of the Innovetive Petcare team.”

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INNOVETIVE PETCARE ACQUIRES THE CAHABA VALLEY ANIMAL CLINIC

Innovetive Petcare, a Texas-based company that owns and operates veterinary practices throughout the U.S., today announced it acquired the veterinary management assets of Cahaba Valley Animal Clinic (CVAC). “I am thrilled to welcome the Cahaba Valley Animal Clinic to the Innovetive Petcare family. Together, we can continue their legacy of excellence while offering additional resources for the veterinary team and for growth,” said Innovetive Petcare CEO Mark Ziller.

Cahaba Valley Animal Clinic has provided veterinary care from their location in the Greystone area of Birmingham, Alabama since 1990. The practice is known for their exceptional level of care, state-of-the-art equipment, and integrity, exceeding client’s expectations in a comfortable environment.

Four veterinarians, Dr. Mark Miller, Dr. Tony Wright, Dr. Barrett Mann, and Dr. Kristyn Carr, all Auburn University graduates, provide leading-edge medical and surgical care to small pets of all manner. Their full-service practice is recognized for its treatment of dogs, cats, rabbits, pockets pets, reptiles, and birds and use of technology for comprehensive healthcare.

CVAC’s Dr. Mark Miller says, “We strive to exceed our clients’ expectations by providing leading-edge health care for their pets as well as exceptional customer service. Being a part of Innovetive Petcare is a natural fit for our practice as we continue grow. We will be able to take advantage of resources and support they provide, enabling us to continue our focus of practicing compassionate, high-quality veterinary medicine.”

This acquisition furthers Innovetive’s regional position in the southeast, an area where it already operates three leading emergency and specialty hospitals.  Innovetive Petcare seeks to acquire other general and referral veterinary practices as it continues to build the nation’s premier family of veterinary hospitals.

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Animal Emergency & Specialty Care Opens New Chattanooga Veterinary Hospital

The Animal Emergency & Specialty Hospital of Chattanooga moved to a new location at 6393 Lee Highway in Chattanooga on April 25, 2016. East Tennessee’s premier veterinary emergency & specialty hospital now operates out of a customized facility allowing easy access for clients, increased opportunities for collaboration among the veterinarians, and new medical equipment.

Founded as an emergency hospital and now seeing referred patients in the specialties of emergency and critical care, surgery, oncology, dermatology, and avian and exotics, the veterinary team is led by Medical Director DeAnne Fanta, DVM. The Animal Emergency & Specialty Hospital of Chattanooga is a leader in pet health care. The Animal Emergency Department is staffed by specially-trained veterinarians able to handle urgent and critical care situations for pets. The Specialty Hospital is known for its leading care, particularly of surgical and cancer cases.

Dr. Nikki Branam, Operations Manager for the practice, in reflecting on the new facility, remarks, “This is an important step towards ensuring we can continue to offer the most advanced diagnostics and treatment options to our patients and to referring veterinarians in Chattanooga and surrounding areas.  We are excited to share our beautiful new facilities with the community.”

Along with the new veterinary hospital, new state-of-the-art equipment allows advanced patient care. The new facility boasts a GE QX/i H1 4-slice CT Scanner, fully-equipped surgical suites, ultrasound, endoscope, advanced digital radiography, and much more. This move offers an exciting opportunity for expansion of services and care for pets in an emergency medical situation or in need of a specialist’s care.

The Animal Emergency & Specialty Hospital of Chattanooga is a member of the Chattanooga Chamber of Commerce. Chamber members will join the veterinarians and staff on Thursday, May 5 at 11 a.m. for a ribbon-cutting ceremony to celebrate the opening of the new facility.

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Ribbon Cutting Ceremony Opens Animal Emergency & Specialty Center of Chattanooga

Local leaders and members of the Chattanooga Chamber of Commerce joined the veterinarians and staff of the Animal Emergency & Specialty Center of Chattanooga, an Innovetive Petcare hospital, to open its new state-of-the-art facility with a ribbon cutting ceremony on May 5, 2016.

Read more

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INNOVETIVE PETCARE ACQUIRES THE VETERINARY REFERRAL HOSPITAL OF HICKORY

Innovetive Petcare, a Texas-based company that owns and operates veterinary practices throughout the U.S., today announced it acquired the veterinary management assets of Veterinary Referral Hospital of Hickory (VRHOH). Founded in 1991, VRHOH has long provided veterinary specialty care for North Carolina, Virginia, and Tennessee area pets.  Under the terms of the deal, Innovetive Petcare brings its financial, marketing, and administrative prowess to VRHOH to support the practice’s veterinarians as they continue to focus on practicing veterinary medicine.

Veterinary Referral Hospital of Hickory operates 24 hours a day with an always-open emergency and critical care department. Specialty services offered to referred patients include Critical Care, Internal Medicine, Surgery, Dermatology, and Rehabilitation. VRHOH is also home to an iodine therapy center for the treatment of hyperthyroidism in cats, one of the signature programs that make this hospital an important resource for the region.

Owner Scott R. Helms, DVM DABVP said, “Mark and Paul at Innovetive Pet Care were able to greatly simplify my succession planning. I look forward to continuing to provide excellent care to our referral base through our partnership with Innovetive Petcare.” Dr. Helms illustrates Innovetive Petcare’s premise that veterinarians should be able to pursue their passion for veterinary medicine without sacrificing a healthy work-life balance, burdened by management responsibilities.

The Veterinary Referral Hospital of Hickory’s Hospital Administrator Mike Bridges reports, “I have experienced several sales throughout my 30-year career, some to relieve administrative burden and some for succession planning. Going through this with Innovetive Petcare has been a really positive experience and a good choice for our hospital.” Now, VRHOH has the advantage of Innovetive Petcare’s best-in-class team, tools, and financial resources.

This acquisition solidifies Innovetive’s strong regional position in the southeast, an area where it now operates three leading emergency and specialty hospitals. Mark Ziller, Innovetive Petcare’s President & CEO, says, “We are  very excited to have the Veterinary Referral Hospital of Hickory team join the Innovetive Petcare family, and look forward to supporting their vision and legacy.” Innovetive Petcare seeks to acquire other general and referral veterinary practices as it continues to build the nation’s premier family of veterinary hospitals.

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Animal Emergency & Specialty Center of Chattanooga Open House

Officials with Animal Emergency & Specialty Center will introduce the new state-of-the-art veterinary hospital at an open house Saturday, April 23, that includes a Smoky Mountain DockDogs competition. The aquatic contests, for dogs that love to run, jump and swim, will continue in an abbreviated version Sunday, April 24.

Owned by Innovetive Petcare Inc., the Animal Emergency & Specialty Center is a 24-hour facility equipped with CT, ultrasound, endoscopy and full orthopedic surgical suites. Its specialists handle surgical, orthopedic, cancer (oncologic) and avian and exotic animal cases.

“Animal Emergency & Specialty Center has been serving Chattanooga from a smaller facility on Shallowford Road,” says marketing director Dr. Karen Parker. “This new facility on Lee Highway is larger, more accessible and encourages greater coordination between the emergency doctors and specialists.”

Read more in the Times Free Press

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Dr. Karen Parker Joins Innovetive Petcare

Austin, Texas — April 20, 2016. Innovetive Petcare, Inc. is pleased to announce that Dr. Karen Parker has joined the Innovetive Petcare team. Dr. Parker brings extensive experience in veterinary medicine, business management, and marketing to her role as Director of Marketing.

As Director of Marketing, Dr. Karen Parker is responsible for representing the Innovetive Petcare brand and developing marketing strategies for the veterinary hospitals owned by Innovetive Petcare. Marketing efforts will complement the tremendous skills and care of our veterinary practitioners by enhancing client acquisition, education, and interaction.

Mark Ziller, President & CEO of Innovetive Petcare said, “We are very excited to have Dr. Parker join the Innovetive Petcare team. Karen’s unique mix of clinical experience and marketing acumen will be an asset to the Innovetive Petcare family of hospitals.”

With a degree in Business Management & Marketing from Cornell University and a Veterinary degree from Tufts University, Dr. Parker has always balanced the practice of veterinary medicine and business. As a small animal practitioner for ten years, Dr. Parker managed a small animal practice and developed training programs for veterinary staff. Dr. Parker owned and operated VIP Placement Services, placing veterinarians in per diem and regular positions throughout New England.

Dr. Parker also brings digital marketing experience to the Innovetive Petcare team. As Director of Operations at IntelliBright, Dr. Parker was integral to the development of online marketing and lead generation strategies for their clients.

A published author, Dr. Parker has written on both pet health care and veterinary management issues. She is the author of the Practical Guide to Performance Appraisals, with the second edition scheduled for release this year, and Job Descriptions and Training Schedules for the Veterinary Team.

“I am excited for this opportunity to be part of Innovetive Petcare’s growth and success. It is tremendous to be part of this management team and work with our exceptional practices and veterinary team,” announced Dr. Parker.

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Innovetive Petcare Donates to Support Dogs on Deployment

Dogs On DeploymentInnovetive Petcare made a donation to Dogs on Deployment, a non-profit organization that supports our men and women in our military by boarding their pets while they are aware on deployment.

Innovetive Petcare financially supports our employees, their causes, and the communities in which they are involved through employee-directed charitable giving. The funds that were donated to Dogs on Deployment were generated through the volunteer efforts of our employees.  Through Innovetive Petcare’s BRIDGE program, for every hour our employees volunteer at a worthwhile cause, Innovetive Petcare makes a financial contribution.  Our employees select Dogs on Deployment to receive these funds for 2015.

Check out the video of Animal Emergency & Specialty Center’s own Katie Brown at the recent World Dogs Awards where there was a live reunion of an active duty solder and his pet, “Saint”.

 

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Things That Slow Down The Sale of Your Practice

 

DVM360.com had a good article in the December 2015 issue entitled “3 Practice Sale Slowdowns”:

3 veterinary practice sale slowdowns

A few things are certain: Death, taxes—and the countless ways a practice sale can be brought to a screeching halt.
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Dec 01, 2015

Recently I was contacted by a group of veterinarians who had successfully negotiated an excellent deal to sell a group of practices to one of the large corporate veterinary companies. Based on what they told me then, I explained that it sounded as if everything was well on track and that if price, terms, financing and leasing had all been agreed upon, the closing should be simple and soon.

But alas, I heard from them again about a month later. Apparently, the group’s attorney and CPA were being so slow in preparing schedules and documents that the corporate buyer was threatening to pull out of the deal entirely. This response is understandable; corporate practice purchases tie up the acquirer’s transition staff. These buyers need to schedule their people’s time, so time and timing are of the essence. They have little patience for unjustified delays.

Clearly, negotiating and consummating a practice sale can be difficult for anyone who’s never been through it. And it can sometimes be tough to even identify who or what is holding things up when the transaction begins to stall. Let’s proceed logically through the process involved in a quick and proper clinic sale closing.

Time is money

First and foremost, never forget the reasons why it’s critical to move forward with the least possible delay. There are key time-sensitive realities facing both parties.

Taxes. The clinic building may be part of a capital gain “like-kind” exchange and as such carries with it a severe Internal Revenue Service (IRS)-imposed time limitation for the buyer. The seller may have capital losses he needs to offset in the year the sale occurs. Missing deadlines can simply kill the sale for tax reasons.

Financing rate. Banks and other lending institutions don’t commit to loans indefinitely. If some CPA or lawyer slows down the closing such that a loan commitment expires, it can result in more than an inconvenience. A rate hike can make it economically impossible for the buyer to go forward with the purchase.

End of employee contracts. Many practice sales are contingent on the selling clinic having a full veterinary staff at closing. When ownership is about to change hands, employees of all categories begin to get nervous—that edginess can result in staff seeking employment elsewhere and DVMs hesitating to fulfill or renew their employment contracts.

The usual suspects

Second, once we understand the need for speed in finalizing a practice sale, we need to identify what’s most likely to slow things down. Here are my usual suspects:

Lending institution paperwork. Often closings are delayed because banks and banks’ attorneys don’t concern themselves adequately with the importance of thoroughness. Financial institutions loan money day-in-day-out, and one deal looks a lot like the last 10. When a document or a deed goes missing, it can take a long time for bankers even to let folks know that something is missing.

CPAs and accounting assistants. When you schedule a practice sale on or near March 15 (subchapter S tax return deadline), April 15 (personal income tax return deadline), Oct. 15 (personal tax return extension deadline) or after mid-November, expect delays and confusion from your accountant. She is dealing with a barrage of last-minute documents pouring in from procrastinators and also, in December, employees calling in sick to do holiday shopping and party planning.

Lawyers. A lot of law offices operate like squirrels. They take in all the work that comes along in preparation for the leaner times they may face in the future. They’re not always equipped to work diligently on all matters that suddenly demand immediate attention. If yours is one of those matters, look out.

Don’t hate the player, know the game

Third, you as a buyer or seller have the power to speed things up by being proactive. You can genuinely own the transaction by learning what has to happen to get it done. Here are some examples of issues a buyer and seller need to work through with their respective legal and financial teams early in the clinic sale process:

Equipment and employee schedules. Don’t wait for your advisers (or the other side’s advisers) to ask you for the business documents and information they’ll need to prepare closing papers. Make a list at the outset. They might require, among other things:

> Employee lists

> Copies of DVM employment contracts

> Schedules of earned but unpaid vacation and sick time

> Approximate inventory

> Equipment model numbers, age, condition and depreciation status

> Accounts receivable.

Tax returns. Profit-and-loss statements and tax returns are often annexed to purchase agreements. Find out how many are needed and by whom and get them where they belong.

Corporate documents. If your practice operates as a PC or LLC, you likely will need proof that you are legally entitled to dispose of your clinic and its assets and real estate. This involves preparing a board resolution or other paperwork. Don’t wait until the evening before the closing to discover that you can’t find your corporate or LLC kit, seal, stock certificates, board resolutions and so on.

Leases and deeds. The buyer may need to negotiate new terms with your landlord or at least satisfy himself that your lease is assignable. It’s pretty hard to do that if you can’t supply your landlord’s contact information and copies of past leases. And don’t forget: You should give your landlord a heads-up that you’re selling your practice. If the landlord has been secretly waiting for you to leave, he or she may have another tenant in mind, and that will send the whole transaction into a hurricane.

Occupancy permits, zoning restrictions, municipal ordinances. Absolutely, positively discover whether you need any variances or approvals from the municipality where the clinic you plan to sell or buy is located. Nothing can slow up a deal like an ordinance officer or town zoning board. If you wait to discover that three public hearings need to be scheduled before your practice can change hands, you’d better get familiar with the hearing schedule for the village or city in question. And don’t be surprised when a scheduled meeting is postponed or your matter is put on hold pending the village getting an engineer’s opinion or other information before voting on your application.

Ultimately, you may be the No. 1 factor to prevent a sale from coming to a screeching halt: Push for an expeditious close, identify slow-movers and be proactive to avoid becoming the problem.

[DVM360.com – December 2015]

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Lancers Square Animal Clinic Joins Innovetive Petcare

 

 Austin, Texas — November 19, 2015: Innovetive Petcare, Inc., today announced that it has acquired Lancers Square Animal Clinic (LSAC), a full-service veterinary hospital in Plano, Texas.

LSAC was founded by Dr. Lee Reeves and has been serving the Plano community since 1978.   “We are very pleased to have Lancers Square Animal Clinic join the Innovetive Petcare family of hospitals.  This hospital has been faithfully serving pet owners in Plano since 1978, and we look forward to continuing their tradition of service and excellence,” said Mark Ziller, President & CEO.

Innovetive Petcare seeks to acquire other general and specialty/emergency veterinary practices as it continues to build the nation’s premier family of veterinary hospitals.

 

About Innovetive Petcare
Innovetive Petcare owns and operates veterinary hospitals. Our clinics benefit from tools, resources, and a great support team dedicated to helping veterinary practices prosper and grow.

Our philosophy is to run a great business so veterinarians can focus on providing exceptional patient care. We want veterinarians and their staff to enjoy a better life, with more work-life balance, a strong supportive community, and ongoing training and career development.  For more information, please visit www.innovetivepetcare.com.

 

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