The company has just under 100 veterinary practices across the UK, mainly across the South of England. The veterinary services market is highly fragmented which spawned the idea for the company. IVC provides marketing services as well as a greater purchasing power for drugs and equipment for smaller vet practices.
According to the company’s last accounts IVC reported earnings before interest,tax, depreciation and amortisation of £667,558 and revenues of £6.7m while it made a loss of £1.2m for the year to 30 September 2012.
August, which has £300m of assets under management, declined to comment as did Summit.
more
{ 0 comments... » Independent Vetcare circled by US private equity bidder read them below or add one }
Post a Comment