Veterinary healthcare provider Premier Veterinary Group has announced that its wholly-owned subsidiary, Premier Vet Alliance, has signed a contract with a major corporate veterinary consolidator in the US, the Customer.
The Customer has over 140 hospitals across 25 states with in excess of 700 full time vet equivalents. Of these hospitals, over 100 are companion animal, which is the target market for Premier Veterinary Group, with a full time vet equivalent compliment of over 500.
The average Customer’s hospital has five full time vet equivalents, which is approximately twice the average size of UK and US practices currently served by Premier Veterinary Group.
The contract aims to introduce Premier Vet Alliance’s preventative healthcare programme for pets, branded ‘Premier Pet Care Plan’ to 15 of the Customer’s companion animal hospitals.
At the end of the pilot phase, which is expected to last between three and six months, the contract may be extended to a three-year term with a full roll out to all of the Customer’s companion animal hospitals. This contract is unlike previous co-operation agreements that have been signed with distributors in the US, and will see the ‘Premier Pet Care Plan’ launched in all the Customer’s existing sites over a 12-month period.
Furthermore, the plan will be launched in hospitals acquired or opened by the Customer during the contract period. As the fourth largest corporate consolidator in the US, this represents a significant opportunity to grow Premier Vet Alliance’s existing market share
Dominic Tonner, chief executive officer of Premier Veterinary Group, said: “I am delighted to announce this deal which will help propel the business forward with a large and well respected US corporate consolidator. It is clear vindication and reward for the unswerving focus the team have for the business and the changes we have implemented to satisfy the US market.”