NATIONAL veterinary firm Medivet Group is gearing up to expand its north east presence after buying out Washington’s Dragon Veterinary Centre.
Based in Concord, the centre – formerly owned by Andrew and Julie Henfrey, who set up Dragon in 2005 – will add to the group’s 350+ branches across the UK as chiefs hope to use the location as a platform to build on its regional standing.
The Henfreys, along with the rest of Dragon’s team, are set to stay on with the firm after Medivet purchased the practice for an undisclosed sum, as the corporation prepares to complete a number of other acquisitions in the area.
Originally founded in London, Medivet Group is a veterinary-owned and led group which boasts more than 20 state-of-the art, 24-hour veterinary centres across the UK.
“The North East is a priority area for us as we continue to build towards becoming a truly national operator and we’re very pleased to have made such a well-regarded practice our first acquisition in the region,” said Dr Ben Hanning, Director of Acquisitions at Medivet Group.
“We operate on a successful “hub and spoke” model, which allows smaller practices to access the very best specialists, diagnostics and treatments through a nationwide network of 24-hour hospitals and centres, all while the consultation and client support is managed through the local team.
“The people and personalities are absolutely central to the acquisitions we choose to make, and from the very first time we met them, it was clear that Andrew and Julie shared the same priorities with us.
“As well as being expert practitioners, they’re also passionate about customer care, training and skills improvement and have a very well-deserved reputation for the quality of service that they and their team deliver.
“We have a number of other acquisition opportunities already in the pipeline and are confident that this is the first step in establishing the Medivet group right across the North East.”
Andrew Henfrey added: “The fact that Medivet is owned and operated by veterinarians was very attractive to us in terms of ensuring our clients would continue to receive the very best standards of care, while its equity partnership model offers a clear route to succession planning for our team when the time comes for us to retire.
We’re very pleased to be part of the Medivet team and excited by the benefits that it will bring for our team, our clients and the animals that they all care for.”