logo
logo

Terravet Real Estate Solutions Acquires The Real Estate Of Three Veterinary Practices Near Cincinnati For $11.9M

Jun 09, 2022•about 3 years ago

Acquiring Company

Terravet Real Estate Solutions

Acquired Company

Three Practices Near Cincinnati

Health Care

Description

Terravet Real Estate Solutions, a leading real estate group focused on veterinary real estate, announced today it has acquired the real estate of the Animal Care Centers at Reed Hartman, Forest Park, and Fairfield for $11.9 million. The three practices total 44,428 square feet and are located just north of downtown Cincinnati, Ohio.

Company Information

Company

Terravet Real Estate Solutions

About

Terravet Real Estate Solutions is an internally managed real estate group that owns and manages veterinary properties and certain other healthcare properties across the United States. Terravet owns approximately 1,000,000 square feet of veterinary and healthcare real estate located in more than 30 states. Terravet partners with strong veterinary and healthcare operators and provides flexible solutions including sale-leasebacks, joint ventures, and renovation and expansion programs. The Terravet team is composed of real estate, finance, and operating professionals and brings decades of expertise to the transactions it leads. Terravet is committed to improving health by channeling resources and knowledge to the facilities where care is delivered and to those who deliver the care. For more information, please visit www.terravetrealestate.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed