SkyKnight backs GoodVets

SkyKnight Capital has made an investment in GoodVets, a next generation animal health platform.

SkyKnight Capital has made an investment in GoodVets, a next generation animal health platform. No financial terms were disclosed. Holland & Knight LLP and Duff & Phelps advised SkyKnight.

PRESS RELEASE

SAN FRANCISCO–(BUSINESS WIRE)–SkyKnight Capital, L.P. (“SkyKnight”), a private equity firm with a proven track record of partnering with founder-led businesses, announced that it has made a growth investment into GoodVets Group LLC (“GoodVets” or the “Company”), a next generation animal health platform redefining the veterinary healthcare experience for pets, pet parents, and veterinarians.

GoodVets is a modern, single-brand veterinary care platform purpose built to better serve customers and vets through best-in-class medicine, customer service, technology, and design. GoodVets partners with entrepreneurial veterinarians to build and operate state-of-the-art care facilities in fast growing markets, elevating the veterinary healthcare experience by bringing convenient, superior care closer to home. The Company’s mission is to reimagine today’s companion animal care experience, to empower veterinarians to have autonomy and buy-in as participating owners, and to deliver a wonderful healthcare experience for pets.

GoodVets currently operates care centers in Chicago, Kansas City, and Nashville, with new sites opening in Charlotte, Miami, Tampa, and Palm Beach in the coming months. Under GoodVets’s leadership, veterinarians act as local hospital owners while benefitting from GoodVets’s centralized resources and support, including employee training, career development, attractive compensation packages, marketing, and industry-leading technology. SkyKnight has committed strategic resources and capital to help GoodVets accelerate its de novo strategy and achieve its goal of building the premier provider of general and urgent veterinary care services.

“We are thrilled to partner with SkyKnight as GoodVets continues building a market leading, patient-focused organization,” said Ryan Joseph, GoodVets Co-Founder and Chief Executive Officer. “We chose SkyKnight because of their high integrity and the extensive industry experience of their team, as well as their alignment with GoodVets’s core values. SkyKnight is enthusiastic about our transformative vision for the veterinary industry and will bring the energy and resources required to elevate the client and veterinarian experience.”

“GoodVets is carving out a new lane in veterinary healthcare,” said Jordan Milich, Partner at SkyKnight Capital. “GoodVets aims to deliver a differentiated product and experience to pet parents and veterinarians, and we are honored to partner with Ryan and the entire GoodVets team to help expand access to excellent veterinary care across the country.”

GoodVets is the third platform investment from SkyKnight Capital Fund III. SkyKnight was advised by Holland & Knight LLP and Duff & Phelps, A Kroll LLC business.

About GoodVets
GoodVets is a veterinary care platform providing elevated pet healthcare in beautifully designed, newly built spaces for today’s pet community. GoodVets partners with entrepreneurial veterinarians who want to own and lead their own practices and redefine the veterinary care experience for their communities. GoodVets hospitals prioritize wellness, prevention, and urgent care. More information is available at www.good-vets.com.

About SkyKnight Capital
Founded in 2015, SkyKnight Capital manages over $2 billion in private equity capital on behalf of leading institutional family offices, foundations, endowments, and pensions. SkyKnight makes long-term investments into high quality businesses in acyclical growth sectors alongside exceptional management teams. SkyKnight aims to build industry defining businesses in healthcare, financial services, and tech-enabled services. More information is available at www.skyknightcapital.com.