Australia's National Veterinary Care buys Pet Doctors NZ for up to A$27M

Wed, 12 Sep 2018

By Paul McBeth Sept. 12 (BusinessDesk) - Australia's National Veterinary Care will pay up to A$27 million for Pet Doctors NZ to fast-track its expansion on this side of the Tasman. The Queensland-based company will pay A$22.7 million upfront for the 23 clinics and two training centres with earn-outs of up to A$4.3 million. National Veterinary Care (NVL) already has 10 clinics with a database of 28,000 pet patients and 130 staff in New Zealand. Adding the larger Pet Doctors, with its 300 staff and 55,000 pet patients database, makes it th...

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