• The FTC has reached an agreement with JAB Consumer Partners, owner of Compassion-First Pet Hospitals and National Veterinary Associates, Inc., two companies that operate chains of veterinary clinics providing general, specialty and emergency care, and SAGE Veterinary Partners , LLC to resolve allegations that JAB’s proposed $1.1 billion acquisition of SAGE would have a material anti-competitive impact in violation of the FTC Act and the Clayton Act.
  • The complaint alleges that pursuant to a stock purchase agreement, Compassion-First/NVA’s proposed acquisition of SAGE, owner and operator of 16 veterinary clinics providing emergency and specialty care in Texas, California, Washington, and Alaska, would eliminate primary competition between Compassion-First/NVA and SAGE in the provision of specialty and emergency veterinary services; increase the likelihood that Compassion-First/NVA can unilaterally exercise market power; and increase the likelihood that customers will be forced to pay higher prices or suffer a loss in the quality of the services concerned.
  • Under the terms of the consent agreement, once the acquisition is completed, JAB will divest six veterinary clinics in Texas and California to United Veterinary Care, LLC. The JAB must also provide notice and obtain FTC approval before acquiring a specialty or emergency veterinary clinic within 25 miles of the clinics it owns in California or Texas.