Mobile and at-home veterinary care providers announce merger

Photo: Krakenimages.com/Adobe Stock

The Vets, a provider of at-home veterinary care, recently announced it will be fusing with BetterVet, a mobile veterinary service that focuses on at-home visits and telehealth. Now under The Vets brand, the merge was f made with the goal of expanding pet healthcare delivery throughout the country, according to The Vets.¹

“This union combines the strengths of both companies to provide pet owners with enhanced access to comprehensive, convenient, and compassionate veterinary care,” wrote the The Vets in a company release.¹

The fusion represents a significant milestone in the veterinary sector, combining resources, expertise, and innovation, according to The Vets.¹ The new partnership will bring a wider range of veterinary services to a wider geographical scope with its expansion to more than 30 major United States cities and more than 80 veterinary teams working throughout these areas.

"We are excited to join forces with BetterVet and further cement our position as market leaders," Esben Mou, CEO of The Vets, said in a company release.¹ "Both of our companies share a commitment to providing accessible, top-quality care for pets in the comfort of their homes. Together, we will continue to revolutionize pet healthcare and bring our services to even more communities across the country."

Dan Adams, past CEO of VetCor—a network of veterinary practices in the US and Canada—from 2001 to 2022 and CEO of BetterVet in 2024, will remain on the company's Board as chairman.

"This merger aligns perfectly with our vision of extending access to patient care," said Adams in the release.¹ "With our combined strengths, we're not only delivering exceptional care but also pushing the boundaries of what's possible in veterinary medicine in terms of convenience and quality."

The combined organization intends to create a new benchmark for mobile and at-home veterinary care, according to The Vets. Additionally, founders and current investors have contributed extra resources to boost the newly formed company’s growth and reach.¹

Currently, the mobile veterinary care market is valued at approximately $790 million.² By 2029, the market is projected to grow at an annual compound growth rate of 7.78%, reaching $1.15 billion.²

Drivers of this growth include the rise of pet adoption, livestock farming, and the prevalence of chronic diseases.² Moreover, as chronic illnesses in companion and livestock animals rises, the demand for mobile veterinary services is expected to increase, according to the the Mobile Veterinary Care Market Report.²

References

1. The Vets and BetterVet announce merger, ushering in a new era of pet healthcare. News release. The Vets Holding Inc. October 16, 2024. Accessed October 22, 2024. https://www.accesswire.com/932425/the-vets-and-bettervet-announce-merger-ushering-in-a-new-era-of-pet-healthcare
2. The Mobile Veterinary Care Market Report. Mordor Intelligence. Accessed October 22, 2024. https://www.mordorintelligence.com/industry-reports/mobile-veterinary-care-market#:~:text=The%20Mobile%20Veterinary%20Care%20Market%20size%20is%20estimated%20at%20USD,for%20the%20flu%20in%202022.