Latest news with #InspireVeterinaryPartners
Miami Herald
04-08-2025
- Business
- Miami Herald
Inspire Veterinary Partners Announces up to $10M in Financing at $1.00 per Share Through Cash and Transferred Securities
VIRGINIA BEACH, VA / ACCESS Newswire / August 4, 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 it has entered into a securities purchase agreement for the issuance and sale of securities under a new convertible preferred stock transaction. The consideration, consisting of a combination of cash and transferred securities, was valued at $1.00 per share. The gross proceeds to the Company from the offering are expected to be up to $10 million, including $6 million expected to be received through the investment of cash and securities at the first closing, and up to $4 million of cash that may be funded at one or more additional closings, at the election of the investors. The Company intends to use the net proceeds from the offering for general working capital and acquisitions of additional veterinary practices. The proceeds will also help to address current Nasdaq deficiencies around Shareholders Equity and extend cash on hand to maintain operations and extend runway. "As communicated earlier in 2025, the team at IVP is executing on our growth strategy and this offering helps to facilitate our objectives," said President, Chairman and CEO, Kimball Carr, "With new acquisitions onboarded and record clinical hiring this year, I could not be prouder of our team for the continued progress being made across all departments within IVP." This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. 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 CoreIRMatt Blazei516-386-0430mattb@ Press Contact CORE IRMatthew Cosselpr@ General Inquires Morgan WoodMwood@ SOURCE: INSPIRE VETERINARY PARTNERS, INC.
Associated Press
04-08-2025
- Business
- Associated Press
Inspire Veterinary Partners Announces up to $10M in Financing at $1.00 per Share Through Cash and Transferred Securities
VIRGINIA BEACH, VA / ACCESS Newswire / August 4, 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 it has entered into a securities purchase agreement for the issuance and sale of securities under a new convertible preferred stock transaction. The consideration, consisting of a combination of cash and transferred securities, was valued at $1.00 per share. The gross proceeds to the Company from the offering are expected to be up to $10 million, including $6 million expected to be received through the investment of cash and securities at the first closing, and up to $4 million of cash that may be funded at one or more additional closings, at the election of the investors. The Company intends to use the net proceeds from the offering for general working capital and acquisitions of additional veterinary practices. The proceeds will also help to address current Nasdaq deficiencies around Shareholders Equity and extend cash on hand to maintain operations and extend runway. 'As communicated earlier in 2025, the team at IVP is executing on our growth strategy and this offering helps to facilitate our objectives,' said President, Chairman and CEO, Kimball Carr, 'With new acquisitions onboarded and record clinical hiring this year, I could not be prouder of our team for the continued progress being made across all departments within IVP.' This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. 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
Miami Herald
15-07-2025
- Business
- Miami Herald
Inspire Veterinary Partners Launches Company-Wide Incentive Program
Recent quality of work-life survey demonstrates clinic leader and employee satisfaction, underscoring value of Inspire's approach as new incentive program rolls out VIRGINIA BEACH, VA / ACCESS Newswire / July 15, 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 the launch of its company-wide incentive and recognition program, providing vital new engagement tools to provide new avenues to wealth for all employees across their clinic network. The annual incentive program, aligned with the Company's revenue and earnings targets, will monetarily reward clinic and company leaders across the organization for target achievements and launches concurrent to results of the Company's recent quality of work-life survey showing positive leader job satisfaction. "The first half of this year has been outstanding for Inspire Veterinary Partners with new doctors and practice managers hired, our investment in development for all team members, and the launch of our novel incentive program designed to reward performance achievement at Inspire," shared Lynley Kees, Chief People Officer. "We are particularly proud that our newest doctors are sharing the ways that joining Inspire has positively impacted their lives." With a new recognition system and implementation of the new incentive plan, Inspire is committed to investing in its people, further strengthening what it believes is among the most comprehensive total compensation packages in its industry. The quality of work-life survey, conducted with doctors across the country, and facilitated by recruiting and human resources leadership found positive leader job satisfaction, as well as positive feedback on the plan for upcoming incentives. "Transitioning from the ER to the Inspire-owned clinic environment has been life-changing for me," said Dr. Christopher Korte, Associate Doctor, Pets & Friends Animal Hospital, Pueblo, Colorado, "My stress levels have significantly decreased, and my overall quality of life has improved beyond measure. The warmth and camaraderie here have made all the difference, and I feel blessed to be part of such a wonderful community." "I am very happy at Pony Express Animal Hospital, an Inspire-owned clinic in Ohio, and so glad I made the move," shared Dr. Lauren Hudson, Associate Doctor, The Pony Express Animal Hospital, Xenia, Ohio. "My schedule and caseload are perfect, and my quality of life has improved dramatically! Being able to see my child and husband and not be on call 24/7 has helped me both physically and mentally. I can complete my notes and have adequate time to get everything done that I need to as a doctor here." The Company plans more additions to its reward and compensation package within the year. 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: or connect with us on Facebook, LinkedIn, or X. Forward-Looking Statements This press release contains forward-looking statements regarding expectations about additions to employee incentive programs and future acquisitions. 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 obtaining additional capital and sourcing and successfully completing future acquisitions, or factors that result in changes to the Company's anticipated results of operations related to the Company's business or acquisitions, such as changes in consumer preferences, the inability to successfully integrate acquisitions, competition and general economic conditions. 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. Contact General InquiresMorgan WoodMwood@ MediaMatthew Cossel, CORE PRpr@ SOURCE: INSPIRE VETERINARY PARTNERS, INC.
USA Today
15-07-2025
- Business
- USA Today
Inspire Veterinary Partners Launches Company-Wide Incentive Program
Recent quality of work-life survey demonstrates clinic leader and employee satisfaction, underscoring value of Inspire's approach as new incentive program rolls out 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 the launch of its company-wide incentive and recognition program, providing vital new engagement tools to provide new avenues to wealth for all employees across their clinic network. The annual incentive program, aligned with the Company's revenue and earnings targets, will monetarily reward clinic and company leaders across the organization for target achievements and launches concurrent to results of the Company's recent quality of work-life survey showing positive leader job satisfaction. 'The first half of this year has been outstanding for Inspire Veterinary Partners with new doctors and practice managers hired, our investment in development for all team members, and the launch of our novel incentive program designed to reward performance achievement at Inspire,' shared Lynley Kees, Chief People Officer. 'We are particularly proud that our newest doctors are sharing the ways that joining Inspire has positively impacted their lives.' With a new recognition system and implementation of the new incentive plan, Inspire is committed to investing in its people, further strengthening what it believes is among the most comprehensive total compensation packages in its industry. The quality of work-life survey, conducted with doctors across the country, and facilitated by recruiting and human resources leadership found positive leader job satisfaction, as well as positive feedback on the plan for upcoming incentives. 'Transitioning from the ER to the Inspire-owned clinic environment has been life-changing for me,' said Dr. Christopher Korte, Associate Doctor, Pets & Friends Animal Hospital, Pueblo, Colorado, 'My stress levels have significantly decreased, and my overall quality of life has improved beyond measure. The warmth and camaraderie here have made all the difference, and I feel blessed to be part of such a wonderful community.' 'I am very happy at Pony Express Animal Hospital, an Inspire-owned clinic in Ohio, and so glad I made the move,' shared Dr. Lauren Hudson, Associate Doctor, The Pony Express Animal Hospital, Xenia, Ohio. 'My schedule and caseload are perfect, and my quality of life has improved dramatically! Being able to see my child and husband and not be on call 24/7 has helped me both physically and mentally. I can complete my notes and have adequate time to get everything done that I need to as a doctor here.' The Company plans more additions to its reward and compensation package within the year. 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: or connect with us on Facebook, LinkedIn, or X. Forward-Looking Statements This press release contains forward-looking statements regarding expectations about additions to employee incentive programs and future acquisitions. 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 obtaining additional capital and sourcing and successfully completing future acquisitions, or factors that result in changes to the Company's anticipated results of operations related to the Company's business or acquisitions, such as changes in consumer preferences, the inability to successfully integrate acquisitions, competition and general economic conditions. 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. Contact General Inquires Morgan Wood Mwood@ Media Matthew Cossel, CORE PR pr@ SOURCE: INSPIRE VETERINARY PARTNERS, INC. View the original press release on ACCESS Newswire
Associated Press
05-06-2025
- 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
