Inspire Veterinary Partners Signs Exclusive, Non-Binding Letter of Intent to Acquire New Jersey Animal Hospital
Rhea-AI Summary
Inspire Veterinary Partners (Nasdaq:IVP) has signed an exclusive, non-binding Letter of Intent to acquire a New Jersey-based animal hospital. The proposed acquisition, expected to close in Q4 2025, would contribute approximately $2 million in annual revenue and expand IVP's network to 15 animal hospitals across 10 states.
The multi-doctor general practice offers comprehensive companion animal services, including surgical procedures, dental, and wellness care. This acquisition would mark IVP's first entry into New Jersey, advancing its strategic expansion plans and demonstrating its growing appeal as a veterinary practice operator.
Positive
- Expected addition of $2 million in annual revenue
- Strategic expansion into New Jersey market, marking presence in 10 states
- Network growth to 15 animal hospitals
- Acquisition of an established multi-doctor practice with comprehensive service offerings
Negative
- Letter of Intent is non-binding and subject to due diligence
- Acquisition completion depends on definitive agreement execution
News Market Reaction – IVP
On the day this news was published, IVP gained 4.69%, reflecting a moderate positive market reaction. Argus tracked a peak move of +3.0% during that session. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $189K to the company's valuation, bringing the market cap to $4M at that time.
Data tracked by StockTitan Argus on the day of publication.
Proposed acquisition, expected to close in Q4 2025, would add approximately
VIRGINIA BEACH, VA / ACCESS Newswire / August 7, 2025 / Inspire Veterinary Partners, Inc. (Nasdaq:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., announces it has signed an exclusive, non-binding Letter of Intent to acquire a New Jersey-based animal hospital. The proposed acquisition would mark the Company's first in the state and is projected to add up to approximately
The multi-doctor general practice, which has anestablished history in the community, offers a full range of services for companion animals, including surgical procedures, dental, and wellness care. Inspire's veterinary clinic network already includes hospitals across 10 states: California, Colorado, Florida, Indiana, Massachusetts, Maryland, Ohio, Texas, and now, if the proposed acquisition is completed, New Jersey with more planned for the near future.
"This proposed addition of our first New Jersey location would mark an important milestone in our growth strategy," said Kimball Carr, Inspire President and Chief Executive Officer. "We are proud that the ways Inspire has shown that we are a unique operator of veterinary practices is resonating with teams and sellers of clinics, and we look forward to additional acquisitions throughout the United States in the near term."
About Inspire Veterinary Partners, Inc.
Inspire Veterinary Partners is an owner and provider of pet health care services throughout the US. As the Company expands, it expects to acquire additional veterinary hospitals, including general practice, mixed animal facilities, and critical and emergency care. For more information, please visit: www.inspirevet.com.
Forward-Looking Statements
This press release contains forward-looking statements regarding the Company's current expectations. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, the Company's ability to execute a definitive agreement relating to the proposed acquisition, satisfy closing conditions and otherwise complete the proposed acquisition, realize financial projections related to the proposed acquisition and complete additional acquisitions in the future, . These and other risks and uncertainties are described more fully in the section captioned "Risk Factors" in the Company's public filings made with the Securities and Exchange Commission, including its Annual Report on Form 10-K. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
Investor Contact
CoreIR
Matt Blazei
516-386-0430
mattb@coreir.com
Press Contact
CORE IR
Matthew Cossel
pr@coreir.com
General Inquires
Morgan Wood
Mwood@inspirevet.com
SOURCE: INSPIRE VETERINARY PARTNERS, INC.
View the original press release on ACCESS Newswire
FAQ
What is the expected revenue impact of Inspire Veterinary Partners' (IVP) New Jersey acquisition?
When is the IVP New Jersey animal hospital acquisition expected to close?
How many animal hospitals will Inspire Veterinary Partners operate after the New Jersey acquisition?
What services does the New Jersey animal hospital offer?
In which states does Inspire Veterinary Partners (IVP) currently operate?
