JAB to Split NVA Veterinary Business Into Two Units (1)

JAB’s National Veterinary Associates is splitting into two separately-managed pet hospital businesses, the company said in a statement.

NVA will separate out its Ethos Veterinary Health business, which operates 145 specialty vet hospitals, the statement said, which confirmed a Bloomberg News report. That will leave NVA with about 1,400 locations consisting mostly of general practice vet hospitals.

Both Ethos and NVA will each prepare for initial public offerings in the next two to three years.

NVA’s longtime chief executive officer, Greg Hartmann, will become chairman of a combined company that oversees both Ethos and NVA. Both businesses will ...