Thrive Pet Healthcare
Founded in 2003 and headquartered in Austin, Texas, Thrive Pet Healthcare (“Pathway”) operates veterinary hospitals through an expansive network of ecosystems across the U.S, with a differentiated offering across pet care and vet services. The Company is a leading owner and operator of ~340 general practice, specialty, and emergency veterinary hospitals throughout the U.S. and also operates ~115 veterinary clinics, which provide convenient care to under-served pet families. In addition, Thrive Pet Healthcare elevates the pet healthcare profession by providing value-added services and technology to veterinary hospitals across the industry through Veterinary Growth Partners, a Management Services Organization providing value-added business planning, coaching and procurement savings to over 5,950 affiliated and unaffiliated member hospitals, and Vetspire, a cloud-native software platform that offers the veterinary industry a pioneering hospital management software-as-a-service. Together with its talented veterinarians and staff, Thrive is dedicated to serving the diverse needs of pet families and veterinarians across the nation.
Our Partnership
TSG has long viewed the veterinary services category as an attractive industry that plays a critical role in the lives of consumers and we have been impressed by Thrive’s tremendous success in building a market-leading veterinary services platform. The doctor-led team’s commitment to delivering best-in-class pet care, extensive operating experience, and deep M&A and de novo expertise position them well to continue to acquire and grow top-tier hospitals and general practices, as well as continue to serve the veterinary community through their vet services. We are excited to leverage our consumer expertise to support the Thrive Pet Healthcare team as they further scale the business and create opportunities for the company and its veterinarians to service the pet industry.
Strategic Focus
Thrive Pet Healthcare is focused on leveraging TSG’s deep consumer and multi-unit retail experience to continue building a highly differentiated ecosystem that includes the core hospital business, complemented VGP, Vetspire, and other potential service and product offerings. Together, Thrive and TSG plan to enhance the company’s consumer marketing efforts, continue developing Thrive Pet Healthcare nationally, pursue accretive acquisitions and de novo site developments, and augment the team and infrastructure to help the Company continue to scale.
“TSG is a leading investor in the consumer and retail space with a proven track record of building world-class brands and businesses. As the pet care industry evolves, TSG’s consumer and branding expertise, paired with our unique value proposition and unmatched network of doctors and staff, positions us to build upon the substantial growth we’ve been able to accomplish. We look forward to working with TSG to bring the highest quality animal care to as many pet families as possible.”
— Dr. Stephen Hadley, CEO and Dr. Jasen Trautwein, Co-Founder
