Remember Pandemic Pets? People hunkering down at home to ride out COVID-19 often sought furry companions to help get them through the lonely days and nights. Pet ownership grew dramatically.
That boom ran smack into a shortage of veterinarians, both in New Jersey and nationally. A new veterinary school at Rowan University – the first in New Jersey – could help. But still, many DVMs are reaching retirement age and seeking to sell their practices. Where to turn?
Well, one place might be a conference organized by Sax LLP and KPMG on investment and M&A in the veterinary industry. Scheduled for May 10 from 9 a.m. to 1 p.m. at Sax’s headquarters in Parsippany, the event will bring together “veterinary platform leaders, veterinary investors, and M&A focused professionals to exchange the ideas which will drive the next wave of deal activity and innovation across the industry,” according to the organizers.
In this edition of NJBIZ Conversations, one of those organizers – Kevin Moyer, a partner at Sax and leader of the firm’s Transaction Advisory Services practice – talks about the state of the industry, the market for veterinary businesses and what’s going on the capital markets generally. For more information and to register for the conference, click here.
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