MedVet LLC, a leading provider of emergency and specialty veterinary care, announces that it has received a minority capital investment from Leonard Green & Partners, L.P. (LGP) and a senior term loan from Oak Hill Advisors (OHA). Huntington Bank will continue to provide Treasury and cash management services. These investments will help MedVet accelerate its next stage of growth expanding delivery of specialty and emergency veterinary care, provide minority shareholders a successful exit from their 2019 investment, and provide partial liquidity for some of MedVet’s employee owners. “We have long viewed veterinary medicine as an attractive sector and are excited to provide capital to support MedVet’s next phase of growth in serving pets who need their care,” said Alyse Wagner, Partner at LGP.
Read the full article: MedVet Receives Financing to Support Continued Growth in Specialty Healthcare for Pets //
Source: https://www.globenewswire.com/news-release/2024/06/25/2904101/0/en/MedVet-Receives-Financing-to-Support-Continued-Growth-in-Specialty-Healthcare-for-Pets.html