CareVet

What CareVet does

CareVet is a St. Louis, Missouri-based veterinary practice management group that acquires and operates companion animal hospitals across the United States. Founded in 2018, the company has scaled its footprint from approximately 30 locations to nearly 120 hospitals operating in 40 states, executing a roll-up strategy funded primarily through a senior secured credit facility from Comvest Credit Partners (upsized to $228 million in February 2022) with additional capital from BDT & MSD Partners in July 2024. The company serves four interconnected customer groups: independent veterinary practice owners seeking a succession or partnership exit, licensed veterinarians seeking employment with structured benefits and work-life balance, veterinary technicians and support staff, and pet owners seeking clinical care. The core operating premise is to acquire independent practices, retain local clinical autonomy and brand identity, and overlay centralized back-office functions (procurement, finance, HR, marketing, payroll, accounting, benefits administration).

The company's go-to-market is acquisition-driven enterprise field sales targeting independent practice owners; growth is measured in sites added and states entered rather than in software seats or subscription logos. Revenue is generated through per-visit veterinary services billed at each hospital location on a pay-as-you-go basis, with pricing varying by procedure, geography, and patient needs. The company offers a 'Whole-Person Approach' to veterinarian and team member retention, emphasizing benefits, professional development, and quality-of-life programs. In January 2026, CareVet launched the Clinical Outcomes Showcase, an initiative to recognize and disseminate evidence-informed clinical practices across the network, with finalists presenting at the WVC Nashville conference. Founder Kent Thornberry serves as Chief Veterinary Officer, providing clinical leadership credibility for the roll-up. The underlying 'platform' is operational rather than technological — CareVet does not market proprietary software or AI products; its differentiation rests on acquisition capital access, scale across 40 states, and a clinician-friendly employer brand in a labor-constrained industry.

Name

CareVet

Legal name

CareVet, LLC

Website

https://carevethealth.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

CareVet is a St. Louis-based veterinary practice management group that acquires and operates companion animal hospitals, scaling from 30 to nearly 120 locations across 40 U.S. states since 2018. It serves independent practice owners seeking exits, veterinarians, support staff, and pet owners through decentralized clinical operations with centralized back-office support.

Ownership category

akta.pro rank

Product category

Veterinary Healthcare Services

NAICS

Veterinary Services (54194), Veterinary Services (541940)

SIC

Services-Health Services (8000)

akta.pro primary industry

Companion Animal Veterinary Clinics & Hospitals (AFAEANAA)

Keywords

• Veterinary practice management
• Veterinary hospital network
• Veterinary care services
• Veterinary practice acquisition
• Animal healthcare

Headquarters

HQ city

St Louis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain, Others

Revenue model

1. Veterinary Hospital Services: CareVet operates a network of veterinary hospitals providing medical care services for pets. Revenue is generated through veterinary consultations, procedures, treatments, and related animal healthcare services at their hospital locations.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

CareVet operates and manages a network of nearly 120 veterinary hospitals across 40 U.S. states, providing companion animal medical care including consultations, procedures, and treatments. The company acquires independent veterinary practices and supports them with centralized management, capital, administrative resources, and clinical programs under its "Whole-Person Approach." It also offers hospital acquisition/partnership services for independent owners and career/professional development for veterinarians and team members.

Product overview

CareVet is a veterinary practice management group operating a unified network of veterinary hospitals across 40 states in the United States. The company offers a portfolio of services including hospital ownership support for veterinary practice owners considering acquisition, career development for veterinarians and team members through its 'Whole Person Approach,' and direct pet care services for pet parents. The portfolio also includes clinical outcomes programs (Clinical Outcomes Showcase, Question of the Week, Past Results) designed to advance veterinary medicine by sharing evidence-informed practices across the network. The company has grown from 30 to nearly 120 locations since 2018.

Differentiator

Problem solved

Functional benefit

Products and services

• CareVet Hospital Network A network of nearly 120 veterinary hospitals operating across 40 U.S. states that provides in-person veterinary consultations, procedures, treatments, and related animal healthcare services directly to pet parents.
• Hospital Owner Acquisition and Partnership Program A program for independent veterinary practice owners considering selling or partnering with CareVet, offering acquisition support, transition resources, and access to centralized practice management expertise.
• Veterinarian Career Services Career support, competitive benefits, and professional development opportunities for licensed veterinarians employed at CareVet hospitals, anchored in the company's "Whole-Person Approach" to wellbeing and work-life balance.
• Team Member Support Program Benefits, growth opportunities, and professional development programs for veterinary assistants, technicians, and support staff working at CareVet hospital locations.
• Pet Parent Veterinary Care Services Direct veterinary care services delivered to pet owners at CareVet hospital locations, including consultations, procedures, treatments, and preventive care for companion animals.
• Clinical Outcomes Program An internal program featuring "Question of the Week" and "Past Results" that shares and promotes innovative, evidence-informed veterinary practices across CareVet's hospital network to improve animal patient care.
• Clinical Outcomes Showcase An initiative that recognizes impactful clinical submissions from veterinary professionals across CareVet's network, with selected submissions recognized as Leaders in Clinical Outcomes and finalists given the opportunity to present at WVC Nashville.

Named customers2 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators4 records

Recent moves9 records

Expansion highlights4 records

Emerging players

• Veterinary Emergency Group (VEG): VEG operates veterinary emergency hospitals with a distinctive customer-experience-focused model. While not a direct general practice rollup peer, VEG operates in the same companion animal hospital space and represents a differentiated competitor for talent and pet owner mind-share.
• BluePearl Veterinary Partners: BluePearl is a US specialty and emergency veterinary hospital chain (part of Mars Veterinary Health). It overlaps with CareVet in the broader companion animal veterinary space but with a focused specialty/emergency niche rather than general practice rollup.
• PetIQ (now part of BAYADA): PetIQ has operated community-focused veterinary clinics and wellness centers in retail settings; while its model is lower-cost/community-focused rather than full-service hospital rollup, it competes for some of the same pet owner demand and adjacent to CareVet's hospital footprint.

Direct peers

• VetCor: VetCor operates a large network of companion animal veterinary hospitals across the US through partnerships with practice owners—a directly comparable rollup peer targeting the same independent veterinary practice owner segment.
• PetVet Care Centers: PetVet Care Centers is a PE-backed veterinary hospital operator with a multi-state network of general practice and specialty hospitals—comparable to CareVet in acquisition strategy, scale, and target market.
• National Veterinary Associates (NVA): NVA is one of the largest PE-backed veterinary hospital consolidators in the US, acquiring and operating general practice and specialty veterinary hospitals—directly comparable to CareVet's rollup model and target customer (independent practice owners considering a sale).
• Thrive Pet Healthcare: Thrive Pet Healthcare is a PE-backed veterinary hospital network offering general practice, emergency, and specialty care across the US—a directly comparable rollup peer competing for the same independent practice acquisition pipeline.
• AmeriVet Veterinary Partners: AmeriVet is a PE-backed acquirer and operator of companion animal veterinary hospitals across the US—a directly comparable rollup peer competing for independent practices and employing similar partnership-with-owner value propositions.
• Innovetive Petcare: Innovetive Petcare acquires and operates companion animal veterinary hospitals across the US, sharing CareVet's acquisition-based growth model and emphasis on preserving local practice identity while providing back-office support.

Broad incumbents

• Mars Veterinary Health: Mars Veterinary Health (part of Mars, Inc.) operates a global portfolio of veterinary services including VCA, BluePearl, and Pet Hospitals—comparable as the largest incumbent in companion animal veterinary consolidation with materially greater scale and capital base than CareVet.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/CareVetHealth
• Instagraminstagram.com/carevet
• LinkedInlinkedin.com/company/carevet-health

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CareVet