Ethos Veterinary Health LLC Recapitalization with Brown Brothers Harriman Capital Partners

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Brown Brothers Harriman Completes Investment in Ethos Veterinary Health LLC

New York, NY, JANUARY 9, 2019BBH Capital Partners (“BBHCP”) announced today that it has completed a recapitalization of Ethos Veterinary Health LLC (“Ethos” or the “Company”). Headquartered in Woburn, Massachusetts, Ethos is one of the largest pure-play independent providers of specialty veterinary health services, including 24/7 emergency care, surgical procedures, radiology services and internal medicine. Ethos operates 21 specialty and emergency hospitals and employs over 300 doctors of veterinary medicine. In addition, Ethos provides a complementary suite of reference laboratory and compounding pharmacy services and has developed a well-regarded continuing education and training platform to support the ongoing professional development of its veterinarians and technicians.

Ethos has earned a national reputation among veterinary professionals for providing exceptional quality-of-care, world-class professional development as well as a veterinarian-first culture. After the recapitalization, Ethos remains majority owned by its founders and professionals in the veterinary industry under the leadership of CEO and Co-Founder Ames Prentiss and is well capitalized to further accelerate a growth strategy that will continue to focus on expanding existing hospitals, acquisitions and growth of the complementary suite of services.

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About Ethos Veterinary Health

Ethos is a veterinary health company with 17 hospitals across the U.S. providing advanced medical care for pets. Our approach includes a focus on transformative science, continuous learning and growth for team members, and collaboration. For more information, visit ethosvet.com.

About BBH Capital Partners

BBH Capital Partners (“BBHCP”), a private equity strategy of Brown Brothers Harriman & Co., provides friendly capital solutions to growth-oriented middle-market companies. Our flexible investment mandate gives us the ability to act as a control or non-control investor and to structure our investments as a combination of equity and subordinated debt securities as needed. BBHCP typically invests between $30 million and $125 million per platform investment, and our capital is used to support a variety of transactions, including management or leveraged buyouts, growth financings, recapitalizations (including dividend recapitalizations), buy-and-build strategies and acquisitions.

Contacts

Ethos Veterinary Health
Nadja Torling, Director of Marketing
ntorling@ethosvet.com

Western Reserve Partners Advises Ethos Veterinary Health

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Western Reserve Partners Advises Ethos Veterinary Health in its Growth Equity Recapitalization

CLEVELAND, OH (December 18, 2018)Western Reserve Partners, a division of Citizens Capital Markets, Inc., is pleased to announce that it served as the exclusive financial advisor to Ethos Veterinary Health, LLC (“Ethos” or the “Company”) in its recapitalization by Brown Brothers Harriman Capital Partners (“BBHCP”). Through the recapitalization, Ethos remains independently owned by its veterinarian professionals and, under the leadership of founding CEO Ames Prentiss, is well capitalized to further accelerate its acquisition-focused growth strategy.

Headquartered in Woburn, Massachusetts, Ethos is a leading provider of specialty veterinary health services with over 300 doctors of veterinary medicine throughout the United States. The Company’s unique integrated clinical model includes 21 specialty & emergency hospitals and a suite of complementary reference laboratory, compounding pharmacy and SaaS-based training services. The Company, formed in 2015 through the merger of four veterinary hospital systems, has since acquired six additional hospital systems and also earned a national reputation among veterinary professionals for providing exceptional quality-of-care, world-class professional development and a veterinarian-first culture. Through this minority equity recapitalization with Brown Brothers Harriman, Ethos has provided liquidity to its owners, gained a partner with significant experience scaling multi-unit healthcare businesses and positioned itself for future organic and acquisitive growth.

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About Western Reserve Partners

Western Reserve Partners, a division of Citizens Capital Markets, Inc., provides M&A, capital raising and other financial advisory services to middle market companies across a focused set of industry verticals. We deliver thoughtful advice, keen market insight and superior execution to our clients, both nationally and internationally, and our managing directors average nearly 30 years of experience and have directly executed more than 700 transactions throughout their careers.

Western Reserve Partners is a part of Citizens Financial Group, one of the oldest and largest financial institutions in the U.S. Also, as a member of Oaklins, the world’s most experienced mid-market M&A advisory organization, Western Reserve Partners has unparalleled access to global companies and investors.

Contacts

Ethos Veterinary Health
Nadja Torling, Director of Marketing
ntorling@ethosvet.com

Ethos Supports Initiative to Establish Standard Title and Scope of Practice for Veterinary Technicians

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Woburn, Mass., August 24, 2018 –Ethos Veterinary Health (Ethos) has developed a position statement in support of NAVTA’s Veterinary Nurse Initiative (VNI). The initiative by the National Association of Veterinary Technicians in America is aimed at establishing a national credential for Registered Veterinary Nurses (RVN).

Ethos fully supports this work given its importance in improving patient care. “Ethos has a strong commitment to the continuous growth and development of our team members, and we believe the Veterinary Nurse Initiative provides a crucial guiding framework to help us achieve this goal,” said Patrick Welch, DVM, MBA, DACVO, Chief Knowledge Officer of Ethos Veterinary Health.“We are excited to take an active role in supporting NAVTA in their efforts around this initiative.”

The statement reads as follows:

Ethos Veterinary Health mission is to provide unsurpassed veterinary health care for patients and their human companions. We recognize the vital role that veterinary technicians play in the integrated veterinary healthcare team, and that this collaborative approach to care is essential to achieving this mission.

We support the goals of the Veterinary Nurse Initiative (VNI) to unite the profession with one standard title and scope of practice. The VNI will increase public awareness of the profession and elevate and align practice standards, leading to better patient care and consumer protection. These goals are consistent with our core values of collaboration, continuous development, innovation, quality, and teamwork. Ethos Veterinary Health is proud to support the Veterinary Nurse Initiative.

For more information about Ethos’s support of this initiative please contact Ed Carlson at ecarlson@ethosvet.com.

About Ethos Veterinary Health

Ethos is a veterinary health company with hospitals across the U.S. providing advanced medical care for pets. Our approach includes a focus on transformative science, continuous learning and growth for team members and collaboration.

Media Contact

Nadja Torling
720-722-3418
ntorling@ethosvet.com

Ethos Continues to Show Strong Growth in Q1 2018

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WOBURN, Mass. (BUSINESS WIRE) — Ethos Veterinary Health (Ethos), a leading independent veterinary health company, just finalized its third acquisition since December 2017, expanding its presence across the U.S. Integrative Pet Care in Chicago, Veterinary Emergency + Referral Center of Hawaii, in Honolulu, and Atlantic Street Veterinary Hospital Pet Emergency Center in Roseville, CA, have recently joined Ethos.

Ethos has significantly expanded its scope and now operates 17 veterinary specialty hospitals, which includes a team of more than 360 clinicians, and a suite of complementary services. These include Ethos Diagnostic Science, a San Diego-based reference lab with new locations in Boston and Denver; Ethos Veterinary Compounding, a compounding pharmacy; and VetBloom, an innovative online learning platform.

With its unique approach of integrating clinical medicine with science and education, and focus on vision, values and culture, Ethos is a great option for veterinary practice owners who are looking to join a larger organization or for a retirement option. A contributing factor to Ethos’ momentum is the increase in practice owners seeking out Ethos.

“It was very important for us to be part of a growing organization that respects the veterinarian and the practice. Ethos was the right partner for us.”

Will Coleman, DVM
Associate Medical Director and former owner of Veterinary Emergency + Referral Center of Hawaii

Ethos is currently an active buyer and interested parties can contact Brian Cassell at bcassell@ethosvet.com for more information.

About Ethos Veterinary Health

Ethos is a veterinary health company with 17 hospitals across the U.S. providing advanced medical care for pets. Our approach includes a focus on transformative science, continuous learning and growth for team members, and collaboration. For more information, visit ethosvet.com.

Contacts

Ethos Veterinary Health
Nadja Torling, 720-722-3418
ntorling@ethosvet.com