iVET360, which provides management services to more than 75 veterinary clinics nationwide, has split its
offerings into three levels in
a move to sign up more independently owned hospitals.
The Portland, Ore., company
assists with staff development,
marketing and analytics. Until now, iVET360’s typical customer—a hospital averaging $3
million in annual revenue—
purchased the all-inclusive Platinum service level.
The new Silver and Gold levels are designed for clinics that
“weren’t able to commit to the
Platinum package,” said founder and CEO Matt Murray.
Silver services focus on mar-
keting aspects such as brand-
ing, the Internet, call tracking
and client communications.
The Gold package includes the
Silver offerings and adds an-
alytical software to help with
operational needs and pet
Not all of iVET360’s products
come with a price tag. A free
monthly webinar on marketing,
staff training and operational
analytics attracted a record 90
hospitals in February.
The company reported that
iVET360 customers saw revenue
rise by an average of 17 percent
in 2015 and the number of new
clients increase by 24 percent.
The management team includes three Oregon practitioners acting as advisers: Kim
Freeman, DVM, Dipl. ACVIM;
Laird Goodman, DVM, CVA; and
Gregg Takashima, DVM.
PETS ARE RECESSION RESISTANT
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OWN YOUR OWN PET SUPPLIES PLUS FRANCHISE
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For more information, contact Steve Olson at 734.793.6532
or visit us online at www.pspfranchise.com
I CREATE DEMAND. YOU CASH IN.
AVERAGE ANNUAL GROSS SALES PER STORE
OF THE TOP 1/3RD FRANCHISED STORES1
RECORDED AVERAGE ANNUAL EBITDA
OF THE TOP 1/3RD AFFILIATE STORES2
1 This advertisement is not an offer to buy a franchise. An offer to buy a franchise can be made by prospectus only. Item 19 of PSP
Franchising, LLC’s 2015 FDD provides that $3,675,560 is the average gross sales achieved by the “top third” of PSP franchisees
(measured by gross sales), which consists of 40 franchised PSP stores during the measurement period beginning 12/29/13 and
ending 1/3/15. Your results as a new franchisee may differ. Of the 40 “top third” franchise PSP stores, 15 PSP stores, or 38%,
exceeded the average “top third” annual gross sales.
2 Item 19 of PSP Franchising, LLC’s 2015 FDD provides that $506,874 is the average EBITDA reported by the “top third” of
affiliate-owned PSP stores (measured by gross sales), which consists of 38 PSP stores during the measurement period beginning
12/19/13 and ending 1/3/15. Your results as a franchisee may differ. Of the 38 “top third” affiliate-owned PSP stores,
12 stores, or 32%, exceeded the “top third” average EBITDA.
3 According to the APPA: http://www.americanpetproducts.org/press_industrytrends.asp.
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PSP Franchising, LLC, 17197 N. Laurel Park Drive, Suite 402, Livonia, MI 48152
TIME TO VET A NEW OPPORTUNITY
Practice specialist iVET360 adds service options
Veterinary products distributor MWI Animal Health fortified its presence in the
United Kingdom in mid-February with the take-over of a 460-member buying cooperative. The terms
were not released.
The cooperative, St.
Francis Group, works with
veterinary practices across
the U.K. and Northern Ireland. The company, the
largest of its kind in the
U.K., negotiates vendor and
manufacturer discounts on
behalf of members.
MWI Animal Health was
known as MWI Veterinary
Supply Inc. until its sale in
early 2015 to international drug wholesaler Ameri-sourceBergen.
“We believe that adding
the resources of Ameri-sourceBergen to [St. Fran-cis’] existing expertise and
tools will further strengthen
the impact they’re able to
create for their members,”
said MWI’s executive vice
president and president,
James F. Cleary Jr.
MWI, which is based
in Boise, Idaho, and does
more than $3 billion in annual sales, last summer
acquired Vetswest Ltd., a
service provider to member
U.K. veterinary practices.