Chicago Pacific Founders has acquired Northern California-based SAGE Centers for Veterinary Specialty and Emergency Care, a specialty veterinary platform. No financial terms were disclosed.
Chicago Pacific Founders Fund L.P. (“CPF”), a strategic healthcare investment fund, and SAGE Centers for Veterinary Specialty and Emergency Care (“SAGE”), a leading specialty veterinary platform, and announced today that they have entered into a partnership to expand SAGE’s doctor-led, medicine-first care model.
Founded more than 26 years ago, SAGE is a leading independent specialty veterinary group on the West Coast. With a dedicated team of 80 veterinarians and over 370 supporting staff members, SAGE is committed to providing the highest standard of veterinary care and currently serves over 40,000 new patients annually. SAGE provides a full range of specialty services and treatments for pets, including oncology, cardiology, neurology, internal medicine, and surgery, as well as 24/7 emergency care in each of its hospitals. SAGE’s state-of-the-art hospitals are equipped with the most advanced technology and veterinary diagnostic, treatment, and surgical tools to support SAGE’s patients, clients, and veterinarians.
“We are excited to be working with the partners of SAGE and its talented team of veterinarians. Together, we look forward to building the premier independent specialty veterinary practice in the country. SAGE’s compassionate and collaborative team approach to veterinary care improves the lives of pets and their owners,” said Larry Leisure, CPF Co-founder and Managing Director. “We have committed additional resources and capital to accelerate SAGE’s growth strategy, geographic expansion, and organic growth.”
“We are thrilled to partner with CPF so that we can better serve our patients, clients, veterinarians, dedicated team, and the community. As a Partner in SAGE since 1997, I am so proud of what we have accomplished over the past 26 years and look forward to bringing our unique capabilities and care to more communities,” said Julie Smith, DVM, DACVS, CCRT, MBA, SAGE’s Chief Strategy Officer.
“We look forward to supporting SAGE in forging partnerships with veterinarians with a shared passion for meeting the rapidly growing need for clinical quality veterinary care. SAGE’s exceptional reputation, strong brand, proven track record, and established market presence will enable SAGE to extend its leading market position beyond its current footprint,” said Krista Hatcher, CPF Partner.
“SAGE will continue to serve our patients and clients with our unfaltering focus on the highest quality care and an exceptional patient and customer experience,” said Gina Del Vecchio, Chief Executive Officer at SAGE. “SAGE partnered with CPF because of its deep healthcare expertise and experience in growing multi-site healthcare companies, extensive operating and investment experience, and far-reaching relationships that can assist in fostering new and innovative growth opportunities. Our strategic partnership with CPF allows us the opportunity to preserve our veterinarian-led culture, expand access to care, and accelerate the next phase of our growth strategy.”
About SAGE Centers for Veterinary Specialty and Emergency Care:
SAGE is the leading veterinary specialty and emergency group on the West Coast. SAGE operates four state-of-the-art hospitals, open 24/7/365 in Northern California, located in Campbell, Concord, Dublin, and Redwood City. Since its inception in 1992, SAGE has embodied a patient-first philosophy and commitment to collaboration that has led to a reputation for delivering innovative veterinary medicine using the most advanced technologies available. To learn more about SAGE, please visit www.sagecenters.com.
About Chicago Pacific Founders:
Based in Chicago and San Francisco, Chicago Pacific Founders (“CPF”) is a leading strategic private equity firm focused on investing in growth companies within healthcare services and caring for aging populations. CPF believes that the most significant societal impact and investment returns from healthcare for the next decade will be generated by investment in delivery model innovation. CPF’s leadership team is made up of former healthcare CEOs, senior executives, and investment professionals with a passion and track record of building healthcare businesses. For more information, please visit www.cpfounders.com