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Mission Pet Health

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uuid002iuu8

Namestring
Mission Pet Health
Legal namestring
Mission Pet Health
Company typeenum
Private
Founded yearint
2014
Descriptiontext

Mission Pet Health is a Birmingham, Alabama-based, veterinarian-led operator of a national network of animal hospitals, specialty practices, urgent care facilities, and pet resorts. Formed through the December 2024 merger of Southern Veterinary Partners (founded 2014 by Dr. Jay Price) and Mission Veterinary Partners, and rebranded in August 2025, the company operates 900+ veterinary locations across 42 US states with more than 20,000 teammates. Its service portfolio spans primary and preventive care, specialty medicine (cardiology, oncology, surgery, dermatology, ophthalmology, dentistry, radiology, internal medicine), 24/7 emergency and critical care, and pet resort/boarding services.

The underlying technology and operational platform is built on three proprietary pillars: (1) the WAG (Work Together, Amaze, Grow) culture framework embedded across onboarding and team development; (2) Clinical Training Programs including a proprietary veterinary technician school, specialty clinical tracks, and a doctor mentorship program; and (3) the Livewell partnership model that allows founding DVMs to retain hospital ownership economics without bearing full financial risk. Centralized shared services — HR, finance, marketing, operations, recruiting, inventory, and analytics — are layered on top of individual hospital operations, while partner practices retain their local brands and medical autonomy.

Mission Pet Health generates revenue through ownership and partnership stakes in its network of acquired veterinary practices, monetizing both the clinical services delivered to pet owners and the operational support provided to partner practices. Its go-to-market for growth is an enterprise field sales motion via 11+ regional VPs of Business Development and a VP of Acquisition Management who source, value (typically within 30-45 days), and close practice partnerships (90-120 day cycle) under multi-year, customized deal structures. Capital deployment is supported by a recurring sale-leaseback relationship with Four Corners Property Trust, including a definitive May 2026 agreement for up to 102 properties at up to $268 million. The company's primary customer segments are pet owners (consumer demand for veterinary services), independent veterinary practice owners (sell-side partnerships), specialty and emergency practices (referral network participation), and veterinary professionals (talent pipeline).

Short descriptiontext

Mission Pet Health is a Birmingham-based, veterinarian-led operator of 900+ animal hospitals, specialty practices, urgent cares, and pet resorts across 42 US states, serving pet owners and partnering with independent veterinary practices through ownership and operational support arrangements.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersBirmingham, United States
HQ citystring
Birmingham
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
veterinary care services, animal hospital network, specialty veterinary medicine, veterinary practice partnerships, emergency veterinary care
Industry4 codes
1Companion Animal Veterinary Clinics & Hospitals
CodeAFAEANAAPrimaryYes
2Veterinary Specialty Referral Hospitals (Multi-specialty)
CodeHLAMACABPrimaryNo
3Urgent Care Veterinary Clinics (Non-ER)
CodeHLAMAAADPrimaryNo
4Veterinary-Affiliated/Medical Boarding
CodeHSANADAGPrimaryNo
NAICS code2 codes
  • Veterinary Services541940
  • Pet Care (except Veterinary) Services812910
SIC code3 codes
  • Services-Health Services8000
  • Services-General Medical & Surgical Hospitals, Nec8062
  • Services-Specialty Outpatient Facilities, Nec8093
Product category
Veterinary Healthcare Services
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Veterinary Practice Partnerships
TypeManaged Services
Description

Mission Pet Health acquires and partners with veterinary hospitals, providing integrated support services (HR, finance, marketing, operations, inventory management) while allowing practices to maintain their brand and medical autonomy. Revenue is generated through ownership/partnership stakes in the acquired practices.

missionpethealth.com
2Specialty Practice Partnerships
TypeManaged Services
Description

Partnership with specialty veterinary practices including cardiology, surgery, urgent care, dentistry, radiology, internal medicine, oncology, dermatology, and ophthalmology, providing operational support while maintaining local brands.

missionpethealth.com
Marketing channels8 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D
Pricing details1 tier
1Partnership/acquisition arrangements
ModelOtherBilling cadenceMulti-year contract
Notes

Mission Pet Health offers flexible partnership structures for practice owners. Deal structures are customized based on practice owner's goals. Valuation typically provided within 30-45 days, closing process takes 90-120 days.

missionpethealth.com
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Core offering1 text field

Mission Pet Health operates a veterinarian-led network of 900+ animal hospitals, specialty practices, urgent care facilities, and pet resorts across 42 U.S. states, delivering primary, specialty, and emergency veterinary care. The company partners with or acquires independent veterinary practices, providing integrated back-office support (HR, finance, marketing, recruiting, operations) while preserving local hospital brands and medical autonomy. Its Livewell partnership model allows founding DVMs to own and operate hospitals without bearing full financial risk.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 6 values shown
  • Ranked #2 in America's Top 100 Most Loved Workplaces 2025
+5 more records
Product overview1 text field

Mission Pet Health is a unified veterinary care platform operating as a network of animal hospitals, specialty practices, urgent care facilities, and pet resorts across 900+ locations in 42 U.S. states. The company provides a comprehensive range of veterinary services including primary care, specialty services (cardiology, surgery, oncology, dermatology, ophthalmology, dentistry, radiology, internal medicine), emergency and critical care, and pet resorts. The platform is built around a partnership model that preserves local hospital autonomy and brand identity while providing centralized support services including HR, finance, marketing, recruiting, operations, and clinical training. Professional development offerings include a proprietary veterinary technician school, clinical specialty tracks, a doctor mentorship program, and the Livewell founding DVM partnership program. The organization was formed in December 2024 through the merger of Southern Veterinary Partners and Mission Veterinary Partners, with the unified Mission Pet Health brand launching in August 2025.

Product and service5 records
1Livewell Founding DVM Partnership Program
CategoryVeterinary Practice Partnership
2General Veterinary Services
CategoryPrimary Veterinary Care
3Specialty Veterinary Services
CategorySpecialty Veterinary Care
4Emergency & Critical Care
CategoryEmergency Veterinary Care
5Pet Resorts
CategoryPet Boarding and Grooming
Scale indicator11 records

Each record includes

Type, Value, Description, Source

Partnership7 partners
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Specialty partnership for veterinary cardiology services. CVCA provides cardiac care for pets and is recognized as a partner in the Mission Pet Health specialty network.

2Flower Mound Veterinary Emergency & Specialty Center
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Emergency and specialty care partnership including neurology, ophthalmology, and 24/7 emergency services. The center has been recognized for research contributions, including publication in the Journal of Veterinary Dentistry.

missionpethealth.com
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Dentistry and oral surgery specialty partnership providing advanced dental care services for pets.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Mobile veterinary ultrasound imaging services partnership providing convenient diagnostic imaging solutions for partner hospitals.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Veterinary dentistry specialty services operating in North Carolina, part of the specialty practice network.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Specialty veterinary care partnership providing advanced medical services through the Mission Pet Health network.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Mission Pet Health was formed through the merger of Southern Veterinary Partners and Mission Veterinary Partners, completed in December 2024, with the new brand launched in August 2025. This merger created one of the largest veterinary care organizations in the US.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight7 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Specialty and emergency veterinary hospital chain operating under Mars Veterinary Health. Comparable specialty and emergency service offering, though focused on the specialty tier rather than full-service general practice.

TypeDirect peer
Description

Private-equity-backed network of more than 1,000 veterinary hospitals across the US, Canada, Australia, and New Zealand. Competes head-to-head with Mission Pet Health for independent practice acquisitions and shares the same partnership model philosophy.

TypeDirect peer
Description

Veterinary hospital network operating general practice, specialty, and emergency hospitals across the US. Closely comparable partnership model and growth-by-acquisition strategy.

TypeBroad incumbent
Description

Operates a large network of general practice and specialty hospitals as part of Mars Veterinary Health. Comparable services and footprint but operates within a broader corporate parent's portfolio.

TypeBroad incumbent
Description

Largest general practice veterinary chain in the US, owned by Mars Petcare. Comparable primary care offering though largely located inside PetSmart retail stores rather than freestanding hospitals.

TypeDirect peer
Description

Multi-specialty and general practice veterinary network formed via roll-up of independent and specialty hospitals. Directly comparable in offering mix (primary, specialty, urgent care) and target acquisition universe.

TypeDirect peer
Description

Mars Petcare's veterinary services division encompassing Banfield Pet Hospital, BluePearl, and VCA Animal Hospitals. The largest competitor to Mission Pet Health across general practice, specialty, and emergency veterinary services in the US.

TypeRegional player
Description

Canadian veterinary hospital network owned by Pet Lovers (PE-backed). Operates the same partnership/acquisition model as Mission Pet Health but focused on the Canadian market rather than the US.

TypeOthers
Description

Provider of pet wellness and veterinary services including wellness centers inside retail locations. Adjacent rather than directly competing with Mission's hospital network, but operates in the same pet healthcare services space.

TypeRegional player
Description

UK-listed consolidator of veterinary practices operating general practice, referral, and diagnostic laboratories. Comparable multi-service veterinary roll-up model in a different geography.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers6 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles10 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

Mission Pet Health

Veterinary Healthcare Servicesmissionpethealth.com

Mission Pet Health is a Birmingham-based, veterinarian-led operator of 900+ animal hospitals, specialty practices, urgent cares, and pet resorts across 42 US states, serving pet owners and partnering with independent veterinary practices through ownership and operational support arrangements.

What Mission Pet Health does

Mission Pet Health is a Birmingham, Alabama-based, veterinarian-led operator of a national network of animal hospitals, specialty practices, urgent care facilities, and pet resorts. Formed through the December 2024 merger of Southern Veterinary Partners (founded 2014 by Dr. Jay Price) and Mission Veterinary Partners, and rebranded in August 2025, the company operates 900+ veterinary locations across 42 US states with more than 20,000 teammates. Its service portfolio spans primary and preventive care, specialty medicine (cardiology, oncology, surgery, dermatology, ophthalmology, dentistry, radiology, internal medicine), 24/7 emergency and critical care, and pet resort/boarding services.

The underlying technology and operational platform is built on three proprietary pillars: (1) the WAG (Work Together, Amaze, Grow) culture framework embedded across onboarding and team development; (2) Clinical Training Programs including a proprietary veterinary technician school, specialty clinical tracks, and a doctor mentorship program; and (3) the Livewell partnership model that allows founding DVMs to retain hospital ownership economics without bearing full financial risk. Centralized shared services — HR, finance, marketing, operations, recruiting, inventory, and analytics — are layered on top of individual hospital operations, while partner practices retain their local brands and medical autonomy.

Mission Pet Health generates revenue through ownership and partnership stakes in its network of acquired veterinary practices, monetizing both the clinical services delivered to pet owners and the operational support provided to partner practices. Its go-to-market for growth is an enterprise field sales motion via 11+ regional VPs of Business Development and a VP of Acquisition Management who source, value (typically within 30-45 days), and close practice partnerships (90-120 day cycle) under multi-year, customized deal structures. Capital deployment is supported by a recurring sale-leaseback relationship with Four Corners Property Trust, including a definitive May 2026 agreement for up to 102 properties at up to $268 million. The company's primary customer segments are pet owners (consumer demand for veterinary services), independent veterinary practice owners (sell-side partnerships), specialty and emergency practices (referral network participation), and veterinary professionals (talent pipeline).

Mission Pet Health firmographics

Firmographics
Name
Mission Pet Health
Legal name
Mission Pet Health
Website
https://missionpethealth.com
Company type
Private
Founded year
2014
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Mission Pet Health is a Birmingham-based, veterinarian-led operator of 900+ animal hospitals, specialty practices, urgent cares, and pet resorts across 42 US states, serving pet owners and partnering with independent veterinary practices through ownership and operational support arrangements.
Ownership category
akta.pro rank

Mission Pet Health industry classification

Industry
Product category
Veterinary Healthcare Services
NAICS
Veterinary Services (541940), Pet Care (except Veterinary) Services (812910)
SIC
Services-Health Services (8000), Services-General Medical & Surgical Hospitals, Nec (8062), Services-Specialty Outpatient Facilities, Nec (8093)
akta.pro primary industry
Companion Animal Veterinary Clinics & Hospitals (AFAEANAA)
akta.pro secondary industries
Veterinary Specialty Referral Hospitals (Multi-specialty) (HLAMACAB), Urgent Care Veterinary Clinics (Non-ER) (HLAMAAAD), Veterinary-Affiliated/Medical Boarding (HSANADAG)

Keywords

  • Veterinary care services
  • Animal hospital network
  • Specialty veterinary medicine
  • Veterinary practice partnerships
  • Emergency veterinary care

Where Mission Pet Health is headquartered

Location

Headquarters

HQ city
Birmingham
HQ country
United States
HQ region
North America

Offices2 records

Markets served

Mission Pet Health business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

  1. Veterinary Practice Partnerships: Mission Pet Health acquires and partners with veterinary hospitals, providing integrated support services (HR, finance, marketing, operations, inventory management) while allowing practices to maintain their brand and medical autonomy. Revenue is generated through ownership/partnership stakes in the acquired practices.
  2. Specialty Practice Partnerships: Partnership with specialty veterinary practices including cardiology, surgery, urgent care, dentistry, radiology, internal medicine, oncology, dermatology, and ophthalmology, providing operational support while maintaining local brands.

Pricing tiers

ModelBillingPrice
OtherMulti-year contractPartnership/acquisition arrangements

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Mission Pet Health product offering

Product offering

Core offering

Mission Pet Health operates a veterinarian-led network of 900+ animal hospitals, specialty practices, urgent care facilities, and pet resorts across 42 U.S. states, delivering primary, specialty, and emergency veterinary care. The company partners with or acquires independent veterinary practices, providing integrated back-office support (HR, finance, marketing, recruiting, operations) while preserving local hospital brands and medical autonomy. Its Livewell partnership model allows founding DVMs to own and operate hospitals without bearing full financial risk.

Product overview

Mission Pet Health is a unified veterinary care platform operating as a network of animal hospitals, specialty practices, urgent care facilities, and pet resorts across 900+ locations in 42 U.S. states. The company provides a comprehensive range of veterinary services including primary care, specialty services (cardiology, surgery, oncology, dermatology, ophthalmology, dentistry, radiology, internal medicine), emergency and critical care, and pet resorts. The platform is built around a partnership model that preserves local hospital autonomy and brand identity while providing centralized support services including HR, finance, marketing, recruiting, operations, and clinical training. Professional development offerings include a proprietary veterinary technician school, clinical specialty tracks, a doctor mentorship program, and the Livewell founding DVM partnership program. The organization was formed in December 2024 through the merger of Southern Veterinary Partners and Mission Veterinary Partners, with the unified Mission Pet Health brand launching in August 2025.

Differentiator

Problem solved

Functional benefit

Products and services

  • Livewell Founding DVM Partnership Program
  • General Veterinary Services
  • Specialty Veterinary Services
  • Emergency & Critical Care
  • Pet Resorts

Quantifiable outcome

  • Ranked #2 in America's Top 100 Most Loved Workplaces 2025
  • +5 more outcomes

Companies that use Mission Pet Health

Customer profile

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Mission Pet Health technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Mission Pet Health partnerships and signals

Strategic signal

Partnerships

Seven partnerships are on record, tiered core and minor.

  • CVCA - Cardiac Care for PetscoreStrategic or Co-development PartnerSpecialty partnership for veterinary cardiology services. CVCA provides cardiac care for pets and is recognized as a partner in the Mission Pet Health specialty network.
  • Flower Mound Veterinary Emergency & Specialty CentercoreStrategic or Co-development PartnerEmergency and specialty care partnership including neurology, ophthalmology, and 24/7 emergency services. The center has been recognized for research contributions, including publication in the Journal of Veterinary Dentistry.
  • Perkins Road Veterinary HospitalcoreStrategic or Co-development PartnerDentistry and oral surgery specialty partnership providing advanced dental care services for pets.
  • MiVU - Mobile Imaging Veterinary UltrasoundminorStrategic or Co-development PartnerMobile veterinary ultrasound imaging services partnership providing convenient diagnostic imaging solutions for partner hospitals.
  • VDCNC (Veterinary Dentistry North Carolina)minorStrategic or Co-development PartnerVeterinary dentistry specialty services operating in North Carolina, part of the specialty practice network.
  • Bedrock Veterinary SpecialistscoreStrategic or Co-development PartnerSpecialty veterinary care partnership providing advanced medical services through the Mission Pet Health network.
  • Southern Veterinary Partners and Mission Veterinary Partners MergercoreStrategic or Co-development PartnerMission Pet Health was formed through the merger of Southern Veterinary Partners and Mission Veterinary Partners, completed in December 2024, with the new brand launched in August 2025. This merger created one of the largest veterinary care organizations in the US.

Scale indicators11 records

Recent moves7 records

Expansion highlights7 records

Mission Pet Health competitors and assessment

Company assessment

Broad incumbents

  • BluePearl Pet Hospital: Specialty and emergency veterinary hospital chain operating under Mars Veterinary Health. Comparable specialty and emergency service offering, though focused on the specialty tier rather than full-service general practice.
  • VCA Animal Hospitals: Operates a large network of general practice and specialty hospitals as part of Mars Veterinary Health. Comparable services and footprint but operates within a broader corporate parent's portfolio.
  • Banfield Pet Hospital: Largest general practice veterinary chain in the US, owned by Mars Petcare. Comparable primary care offering though largely located inside PetSmart retail stores rather than freestanding hospitals.

Direct peers

  • National Veterinary Associates (NVA): Private-equity-backed network of more than 1,000 veterinary hospitals across the US, Canada, Australia, and New Zealand. Competes head-to-head with Mission Pet Health for independent practice acquisitions and shares the same partnership model philosophy.
  • PetVet Care Centers: Veterinary hospital network operating general practice, specialty, and emergency hospitals across the US. Closely comparable partnership model and growth-by-acquisition strategy.
  • Thrive Pet Healthcare: Multi-specialty and general practice veterinary network formed via roll-up of independent and specialty hospitals. Directly comparable in offering mix (primary, specialty, urgent care) and target acquisition universe.
  • Mars Veterinary Health: Mars Petcare's veterinary services division encompassing Banfield Pet Hospital, BluePearl, and VCA Animal Hospitals. The largest competitor to Mission Pet Health across general practice, specialty, and emergency veterinary services in the US.

Regional players

  • VetStrategy: Canadian veterinary hospital network owned by Pet Lovers (PE-backed). Operates the same partnership/acquisition model as Mission Pet Health but focused on the Canadian market rather than the US.
  • CVS Group: UK-listed consolidator of veterinary practices operating general practice, referral, and diagnostic laboratories. Comparable multi-service veterinary roll-up model in a different geography.

Others

  • PetIQ: Provider of pet wellness and veterinary services including wellness centers inside retail locations. Adjacent rather than directly competing with Mission's hospital network, but operates in the same pet healthcare services space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Mission Pet Health social profiles

Digital presence

Mission Pet Health financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Mission Pet Health leadership team

Management profile

Number of profiles

Profiles10 records

Mission Pet Health funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Mission Pet Health M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Mission Pet Health

What does Mission Pet Health do?

Mission Pet Health operates a veterinarian-led network of 900+ animal hospitals, specialty practices, urgent care facilities, and pet resorts across 42 U.S. states, delivering primary, specialty, and emergency veterinary care. The company partners with or acquires independent veterinary practices, providing integrated back-office support (HR, finance, marketing, recruiting, operations) while preserving local hospital brands and medical autonomy. Its Livewell partnership model allows founding DVMs to own and operate hospitals without bearing full financial risk.

Is Mission Pet Health a public or private company?

Mission Pet Health is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Mission Pet Health founded?

Mission Pet Health was founded in 2014. It employs 1,001 to 5,000 people.

Where is Mission Pet Health based?

Mission Pet Health is headquartered in Birmingham, United States, in the North America region.

How does Mission Pet Health make money?

Two revenue lines are on record. Veterinary Practice Partnerships are the primary driver. The others are specialty Practice Partnerships.

Who are Mission Pet Health's main competitors?

Broad incumbents on record are BluePearl Pet Hospital, VCA Animal Hospitals and Banfield Pet Hospital. Direct peers are National Veterinary Associates (NVA), PetVet Care Centers, Thrive Pet Healthcare and Mars Veterinary Health. Regional players are VetStrategy and CVS Group. PetIQ is listed as an others.

Does Mission Pet Health have an API?

No public API is recorded for Mission Pet Health.

What industry is Mission Pet Health in?

Mission Pet Health's product category is Veterinary Healthcare Services. Its primary akta.pro industry code is AFAEANAA, Companion Animal Veterinary Clinics & Hospitals, with a secondary code of HLAMACAB, Veterinary Specialty Referral Hospitals (Multi-specialty). Its NAICS code is 541940 and its SIC code is 8000.

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Live signals
Seeking AlphaFCPT outlines $17.4M annualized rent contribution from Mission Pet Health portfolio as monthly dividend starts in August (NYSE:FCPT)Four Corners Property Trust (FCPT) reported Q2 2026 results highlighting $382 million in year-to-date acquisitions and a $268 million Mission Pet Health portfolio expected to contribute $17.4 million in annualized cash rent with 2% annual escalations. The REIT also completed $600 million in term loan financings at all-in rates of 4.5% to 4.9% and announced switching to a monthly dividend starting in August. Portfolio performance remained strong with occupancy above 99%, rent collections of 99.7%, and fixed charge coverage of 4.6x.GlobeNewswireMission Pet Health and Operation Kindness Humane Society Partnership Sets a New Standard for Veterinary Training and Community Impact at ScaleMission Pet Health and Operation Kindness Humane Society launched a surgical mentorship program in Carrollton, Texas on July 14, 2026, providing early-career veterinarians with hands-on surgical training under expert mentors at the nonprofit's facility. The program will train over 450 veterinarians from Mission Pet Health's network between 2026 and 2027 while performing 8,000 to 10,000 spay and neuter procedures annually for animals in need. The organizations aim to position this partnership as a scalable model for communities across the country.Pulse 2.0Shore Capital Sells 102-Property Veterinary Real Estate Portfolio To Four Corners For $268 MillionShore Capital Partners sold a portfolio of 102 veterinary properties to Four Corners Property Trust for approximately $268 million. The properties are occupied by Mission Pet Health, which will continue operating at each location under long-term lease agreements. The transaction completes Shore Capital's first dedicated real estate fund and supports its strategy of providing flexible real estate capital to growing businesses.MorningstarFCPT Closes Acquisition of 102 Mission Pet Health Veterinary Properties for $268 Million as part of Previously Announced Mission Pet Health Veterinary TransactionFCPT closed the purchase of 102 Mission Pet Health veterinary properties for $268 million, with next twelve months' cash rent of about $17.37 million. The deal, part of a May 2026 transaction, brings FCPT's year-to-date acquisitions to 139 properties for $364.3 million, exceeding its record volume for the first seven months.PetageFCPT Agrees to Acquire up to 102 Mission Pet Health Veterinary PropertiesFour Corners Property Trust agreed to acquire up to 102 Mission Pet Health veterinary properties for up to $268 million from Shore Capital Real Estate Partners Fund I. The portfolio has about 10 years of term remaining with rent escalations averaging over 2.0%, and the deal is expected to close in early Q3 2026.AijournFCPT Announces Agreement to Acquire up to 102 Mission Pet Health Veterinary Properties for $268 MillionFour Corners Property Trust (FCPT) has signed a definitive agreement to acquire up to 102 Mission Pet Health veterinary properties for up to $268 million from Shore Capital Real Estate Partners Fund I, with the transaction expected to close in early Q3 2026. The portfolio spans 31 US states under two triple net master leases with approximately 10 years of term remaining and over 2% annual rent escalations. Pro forma for the transaction, Mission Pet Health will become FCPT's third largest brand, comprising approximately 6% of the company's cash rent.Stock TitanFCPT to buy up to 102 Mission Pet vet sites for $268MFour Corners Property Trust (FCPT), a real estate investment trust, has signed a definitive agreement to acquire up to 102 Mission Pet Health veterinary properties for up to $268 million from Shore Capital Real Estate Partners Fund I, with closing expected in early Q3 2026. The portfolio consists of properties under two triple net master leases with approximately 10 years of term remaining and annual rent escalations averaging over 2.0%, generating initial cash rent of approximately $17.33 million. Pro forma for the transaction, Mission Pet Health will become FCPT's third largest brand and its exposure to medical retail will increase to approximately 16% of cash rent.Business Wire BlogFCPT Announces Agreement to Acquire up to 102 Mission Pet Health Veterinary Properties for $268 MillionFour Corners Property Trust signed a definitive agreement to acquire up to 102 Mission Pet Health veterinary properties for up to $268 million from Shore Capital Real Estate Partners Fund I. The portfolio, with over 930 locations, is expected to close in early Q3 2026 and would become FCPT's third-largest brand.NasdaqFCPT Boosts Portfolio With Strategic Veterinary Real Estate PurchaseFour Corners Property Trust acquired a veterinary clinic portfolio of five properties for $13.8 million, including two National Veterinary Associates, two Banfield, and one Mission Pet Health. The properties trade at a 7.3% cap rate with a weighted average lease term of nine years. The company's growth may face challenges from its $1.23 billion debt load.Business Wire BlogFCPT Announces Acquisition of a Five Property Veterinary Clinic Portfolio for $13.8 MillionFour Corners Property Trust (FCPT) acquired a five-property veterinary clinic portfolio for $13.8 million. The portfolio consists of two National Veterinary Associates properties, two Banfield Pet Hospital properties, and one Mission Pet Health property located across California, Florida, North Carolina, and Texas. The transaction was priced at a 7.3% cap rate with a weighted average of nine years of lease term remaining.