Community Veterinary Partners

About Community Veterinary Partners

Community Veterinary Partners (CVP) operates a network of veterinary hospitals, functioning as a consolidator in the highly fragmented veterinary services industry. Founded in 2009 by co-founders Daniel Eisenstadt and Michael Raphael, the Philadelphia-based company was established to provide support to veterinary practice owners, allowing them to focus on clinical care. The business model centers on acquiring established veterinary practices while preserving their local brand identity and clinical autonomy. CVP manages the business aspects for its partner hospitals, including marketing, finance, human resources, and leadership development, thereby enabling veterinarians to concentrate on practicing medicine.

Daniel Eisenstadt, a co-founder who served as the initial President and later Chairman, has a background as a corporate lawyer with a focus on mergers and acquisitions, and holds an MBA from Harvard Business School. His experience in private equity and his role as founder of Terravet Real Estate Solutions, a firm specializing in veterinary real estate, informed CVP's strategic foundation. The company's growth strategy involves acquiring local hospitals at attractive multiples and then driving improvements in technology, veterinarian recruitment, and operational efficiencies. This strategy led to significant expansion, growing from 16 hospitals at the time of its 2015 partnership with Cortec Group to over 70 by 2019. This growth was further solidified by its acquisition by OMERS Private Equity in late 2019.

The company serves a diverse range of clients through its network, which includes general practices, exotic animal, large animal, and emergency/specialty hospitals across numerous states. Revenue is generated by providing comprehensive animal healthcare services, with a cash-pay business model that has proven to be recession-resistant. Under the leadership of CEO Kevin Ruffe, who joined in March 2018, CVP has continued its expansion. Ruffe brought extensive experience in healthcare growth, having previously served as Chief Growth Officer at MedExpress, where he oversaw substantial expansion of urgent-care facilities. CVP also places an emphasis on professional development, offering programs like 'vetFWD' and 'Catapult' which provide mentorship and advanced training for early-career veterinarians within its network.