Latest news with #InspireVeterinaryPartners
Associated Press
3 days ago
- Business
- Associated Press
Inspire Veterinary Partners Acquires Central Florida Animal Hospital
Acquisition will add approximately $1.8 million in annual revenue and increases network of animal hospitals to 14 VIRGINIA BEACH, VA / ACCESS Newswire / June 5, 2025 / Inspire Veterinary Partners, Inc. (Nasdaq:IVP) ('Inspire' or the 'Company'), an owner and provider of pet health care services throughout the U.S., announced today it has acquired 100% ownership interest in DeBary Animal Clinic in DeBary Florida, north of Orlando. The acquisition marks the Company's fifth in the state and is projected to add up to approximately $1.8 million in annualized revenue to Inspire's growing veterinary clinic network. The multi-doctor general practicewith an established 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 eight states: California, Colorado, Florida, Indiana, Massachusetts, Maryland, Ohio, and Texas, with more planned for the near future. 'The addition of our fifth location in the vibrant Florida pet care market is an important milestone in our growth strategy as we continue to demonstrate the value of the management and operational efficiencies associated with our expanding network of hospitals,' said Kimball Carr, President & Chief Executive Officer of Inspire. 'Our belief that the number and quality of potential animal hospitals looking to join the Inspire network has grown and will continue to grow based on our unique approach to supporting clinics operations 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: Facebook | LinkedIn | X 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, statements by the Company relating to the completion of the offering, the satisfaction of customary closing conditions related to the offering, the intended use of proceeds from the offering, receipt of Stockholder Approval as well as risks and uncertainties related to the satisfaction of customary closing conditions related to anticipated acquisitions, or factors that result in changes to the Company's anticipated results of operations related to acquisitions. 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 and Quarterly Reports on Form 10-Q. 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 [email protected] Press Contact CORE IR Matthew Cossel [email protected] General Inquires Morgan Wood [email protected] SOURCE: INSPIRE VETERINARY PARTNERS, INC. press release
Associated Press
16-05-2025
- Business
- Associated Press
Inspire Veterinary Partners Reports First Quarter 2025 Financial Results
VIRGINIA BEACH, VA / ACCESS Newswire / May 16, 2025 / Inspire Veterinary Partners, Inc. (Nasdaq:IVP) ('Inspire' or the 'Company'), an owner and provider of pet health care services throughout the U.S., today reported financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Highlights Compared to Prior Year Period First Quarter 2025 Operational Highlights Executive Commentary 'During the first quarter of 2025 Inspire continued to be margin minded and reduce our losses despite the challenges with year over year revenues across our industry,' said Kimball Carr, Chairman, President & Chief Executive Officer of Inspire. 'We also turned the corner on the crucial hiring of clinicians with doctor hires already outpacing all of last year. We believe our work in 2024, and the first quarter of this year sets IVP up for growth with our existing portfolio and expansion to new markets through a return to acquisitions.' First Quarter 2025 Financial Overview All comparisons are made versus the same period in 2023 unless otherwise stated. For the first quarter of 2025, total revenue was approximately $3.6 million, a decrease of 25%. Service revenue for first quarter of 2025 decreased $0.8 million or 23%, to $2.7 million. The decrease in service revenue is mainly attributed to the sale of the company's former Kauai location and its exclusion from 2025 results. On a comparable basis, service revenue declined year-over-year, primarily due to reduced DVM capacity and operational disruptions in January. Product revenue for first quarter 2025 decreased $0.4 million, or 30%, to $0.9 million. The overall decrease was a result of customers purchasing less products per visit and the exclusion of the Kauai location from 2025 results. Total operating expenses decreased $2.1 million or 27%. The decrease was primarily due to the sale of the Kauai location and its exclusion from 2025 results and the decreases in IR agency contracts and marketing agreements the Company entered during the first quarter of 2024 following the February 2024 public acquisition. Net loss for the first quarter of 2025 decreased $1.0 million, or 29%, to $2.4 million. The decline in net loss is primarily attributable to the exclusion of the operating expenses associated with a clinic sale, decreases in operating expenses associated with the cost associated with the February 2024 public raise during the period, and the IR agency consulting agreement Balance Sheet As of March 31, 2025, the Company had cash and cash equivalents of approximately $1.7 million. 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: Connect with Inspire Veterinary Partners, Inc. Facebook LinkedIn 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, statements by the Company relating to the completion of the offering, the satisfaction of customary closing conditions related to the offering, the intended use of proceeds from the offering, receipt of Stockholder Approval as well as risks and uncertainties related to the satisfaction of customary closing conditions related to anticipated acquisitions, or factors that result in changes to the Company's anticipated results of operations related to acquisitions. 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 and Quarterly Reports on Form 10-Q. 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 [email protected] General Inquires Morgan Wood [email protected] Inspire Veterinary Partners, Inc. and Subsidiaries Consolidated Balance Sheets Inspire Veterinary Partners, Inc. and Subsidiaries Consolidated Statements of Operation Inspire Veterinary Partners, Inc. and Subsidiaries Consolidated Statements of Cash Flows SOURCE: INSPIRE VETERINARY PARTNERS, INC. press release
Yahoo
30-04-2025
- Business
- Yahoo
Inspire Veterinary Partners Celebrates Record Veterinary Hiring and the Appointment of Lynley Kees to Chief People Officer
Year-to-date 2025 Doctor of Veterinary Medicine hiring surpasses 2024 by 500% New talent outreach, professional development and staffing tools implemented by Director of Recruiting Holly Hazzan and led by new Chief People Officer (CPO) Several Inspire clinics are newly staffed with experienced medical leadership CPO to lead People strategy to support next phase of growth VIRGINIA BEACH, VA / / April 30, 2025 / Inspire Veterinary Partners, Inc. (Nasdaq:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today announced that Lynley Kees has been appointed Chief People Officer, effective April 28, 2025. As the first company executive to hold the title of Chief People Officer, Lynley will oversee all areas of Human Resources, including talent management, career development and organizational design, all with a people-focused mindset. Kees previously served as Inspire's Vice President of Human Resources since January 2023 where she was responsible for strategically aligning the HR function to drive business success and fostering a purpose-driven culture. "It has been rewarding to be a part of the Inspire journey and I look forward to bringing innovative ideas to further nurture the incredible culture that has been built at each of our clinics and within the organization," said Ms. Kees. "It is an honor to take on this elevated role and continue to work toward our goals and serve the teams that make our success possible." "The bond between a veterinarian and the pets and clients they serve is central to our profession. Attracting and retaining talented and compassionate DVMs and VMDs is also how we grow," shared Kimball Carr, President & Chief Executive Officer of Inspire. "Lynley's promotion to Chief People Officer reflects her exceptional track record and her unwavering commitment to making Inspire a place where all employees can thrive, innovate, and grow." Carr added, "We are also very excited about our milestones in veterinary hiring and our plans to leverage investments in talent for growth." Having implemented new talent outreach strategies for 2025, IVP is seeing new success in attracting credentialed talent. The Company seeks to take full advantage of new medical leaders within its clinics under the experienced leadership of Dr. Alex Quarti, Vice President of Medical Operations. "I'm very proud that we've built flexible schedule models, industry leading benefits and a support structure for our doctors," said Dr. Alex Quarti. "We're fostering a culture at Inspire which allows each of our clinics to support their doctor teams in providing world class care for the patients we serve." About Inspire Veterinary Partners, Inc. Inspire Veterinary Partners is an owner/operator of veterinary hospitals in 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: Connect with Inspire Veterinary Partners, Inc. Facebook LinkedIn 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, risks and uncertainties related to the satisfaction of customary closing conditions related to anticipated acquisitions, or factors that result in changes to the Company's anticipated results of operations related to acquisitions. 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 and Quarterly Reports on Form 10-Q. 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 Kevin McGrathTraDigital IR646.418.7002kevin@ General Inquires Morgan WoodMwood@ SOURCE: Inspire Veterinary Partners, Inc. View the original press release on ACCESS Newswire Sign in to access your portfolio
Associated Press
30-04-2025
- Business
- Associated Press
Inspire Veterinary Partners Celebrates Record Veterinary Hiring and the Appointment of Lynley Kees to Chief People Officer
VIRGINIA BEACH, VA / ACCESS Newswire / April 30, 2025 / Inspire Veterinary Partners, Inc. (Nasdaq:IVP) ('Inspire' or the 'Company'), an owner and provider of pet health care services throughout the U.S., today announced that Lynley Kees has been appointed Chief People Officer, effective April 28, 2025. As the first company executive to hold the title of Chief People Officer, Lynley will oversee all areas of Human Resources, including talent management, career development and organizational design, all with a people-focused mindset. Kees previously served as Inspire's Vice President of Human Resources since January 2023 where she was responsible for strategically aligning the HR function to drive business success and fostering a purpose-driven culture. 'It has been rewarding to be a part of the Inspire journey and I look forward to bringing innovative ideas to further nurture the incredible culture that has been built at each of our clinics and within the organization,' said Ms. Kees. 'It is an honor to take on this elevated role and continue to work toward our goals and serve the teams that make our success possible.' 'The bond between a veterinarian and the pets and clients they serve is central to our profession. Attracting and retaining talented and compassionate DVMs and VMDs is also how we grow,' shared Kimball Carr, President & Chief Executive Officer of Inspire. 'Lynley's promotion to Chief People Officer reflects her exceptional track record and her unwavering commitment to making Inspire a place where all employees can thrive, innovate, and grow.' Carr added, 'We are also very excited about our milestones in veterinary hiring and our plans to leverage investments in talent for growth.' Having implemented new talent outreach strategies for 2025, IVP is seeing new success in attracting credentialed talent. The Company seeks to take full advantage of new medical leaders within its clinics under the experienced leadership of Dr. Alex Quarti, Vice President of Medical Operations. 'I'm very proud that we've built flexible schedule models, industry leading benefits and a support structure for our doctors,' said Dr. Alex Quarti. 'We're fostering a culture at Inspire which allows each of our clinics to support their doctor teams in providing world class care for the patients we serve.' About Inspire Veterinary Partners, Inc. Inspire Veterinary Partners is an owner/operator of veterinary hospitals in 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: Connect with Inspire Veterinary Partners, Inc. Facebook LinkedIn 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, risks and uncertainties related to the satisfaction of customary closing conditions related to anticipated acquisitions, or factors that result in changes to the Company's anticipated results of operations related to acquisitions. 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 and Quarterly Reports on Form 10-Q. 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 Kevin McGrath TraDigital IR 646.418.7002 [email protected] General Inquires Morgan Wood [email protected] SOURCE: Inspire Veterinary Partners, Inc. press release
Yahoo
10-04-2025
- Business
- Yahoo
Inspire Veterinary Partners Announces Attendance at Upcoming Investor Events
VIRGINIA BEACH, VA / / April 10, 2025 / Inspire Veterinary Partners, Inc. (Nasdaq:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today announced its upcoming investor event attendance. Inspire Management will be attending and participating in one-on-one and group investor meetings at these upcoming events: May 14, 2025: D. Boral Capital Global Conference (New York) May 21-22, 2025: Sidoti Micro-Cap Investor Conference (Virtual) About Inspire Veterinary Partners, Inc. Inspire Veterinary Partners is an owner/operator of veterinary hospitals in 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: Connect with Inspire Veterinary Partners, Inc. Facebook LinkedIn 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, risks and uncertainties related to the satisfaction of customary closing conditions related to anticipated acquisitions, or factors that result in changes to the Company's anticipated results of operations related to acquisitions. 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 and Quarterly Reports on Form 10-Q. 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 TraDigital IRKevin McGrath+1-646-418-7002kevin@ General Inquires Morgan WoodMwood@ SOURCE: Inspire Veterinary Partners, Inc. View the original press release on ACCESS Newswire Sign in to access your portfolio
