The Pets at Home Vet Group has paid £14.1 million for a 76% stake in Dick White Referrals, it has been revealed.
Following completion of the deal, Pets at Home also announced the implementation of a divisional structure, with creation of a specialist division comprising Dick White Referrals, Northwest Surgeons, Anderson Moores Veterinary Specialists and Eye Vet Referrals.
Deep talent pool
Dick White founded Dick White Referrals in 2003 and the practice now employs 66 vets, 31 of whom are specialists in a broad range of areas, including anaesthesia, cardiology, neurology, oncology and orthopaedics.
Prof White, along with colleagues Giunio Bruto Cherubini, Federico Corletto and Rob Foale, will retain 24% of the practice, while Prof White has been appointed clinical director.
Dick White Referrals will continue to operate as a stand-alone brand within the vet group.
Prof White said: “Forming this strategic partnership provides great opportunities for us to continue to develop Dick White Referrals as a world class referrals centre, with a team of leading veterinary specialists. I am delighted to be working with a partner that shares our vision for Dick White Referrals and is committed to supporting its future development.
“Joining the board of the specialist division will allow me to provide clinical leadership and governance across the division, input into the formulation of strategy and support mergers and acquisitions activity and veterinary recruitment.”
Sally Hopson, chief executive of the Pets at Home Vet Group, added: “We are delighted to have attracted a colleague of Dick White’s pedigree to join us, not only to help drive the future growth of Dick White Referrals, but to also play a key role in developing our specialist division.
“Prof White is a key figure in the development of the specialist veterinary segment; he has trained many of the leading specialist veterinary practitioners.
“This is a tremendous step forward for the vet group. I’m also very pleased Prof White and his colleagues have chosen to remain as equity partners in Dick White Referrals.”