Smartemis at a Glance
Europe’s leading and fastest growing network of independent veterinary clinics, built in under four years. Smartemis enables veterinarians to durably unlock the value of their clinics while preserving their independence, attracting top talent and delivering superior sustainable growth.
What Smartemis Is
The leading, enduring network of independent veterinarians in Europe with . 120+ clinics and 500+ veterinarians Built on a partnership model that respects autonomy, entrepreneurship, and shared economics. Recognized as an innovative alternative to traditional consolidators.
The pins on this map represent the approximate geographical distribution of our members and are for illustrative purposes only. They do not indicate the exact locations of the practices.
Transform European Veterinary Care
A rare investment opportunity in a €13B+ recession-proof market with superior returns and aligned incentives.
Market Opportunity
European veterinary market, growing 5–8% annually, recession-resistant and tariff-immune
Of clinics in France and Germany remain independent — largest but least consolidated markets
EBITDA average for sector transactions since 2016 — strong investor demand
Smartemis Momentum
Added in 2024
Revenue growth in 2024
Turnover growth rate
Network revenue
Same-clinic organic growth
Smartemis PF EBITDA
Clinics Economics Snapshot
Why Invest
Smartemis delivers a rare combination: a recession-proof market, an aligned model that preserves independence, and superior clinic performance, producing compelling and sustainable investor returns.
Recession-Proof Market
Stable, growing demand in essential pet healthcare services with strong pet ownership and consistent spending on animal healthcare. The sector benefits from stable, recurring growth regardless of economic conditions.
Aligned Model
Sustainable performance, shared goals, and long-term value creation safeguarding clinical independence and ensuring that medical decisions remain focused on animal welfare – protecting trust, reputation, and lasting success.
Superior Returns
Compelling and sustainable investor performance driven by operational excellence, disciplined growth, and long-term value creation – underpinned by strong governance, rigorous performance management, and the preservation of clinical independence.
The Problem
Veterinarians Face:
- Loss of autonomy when selling to consolidators
- Difficulty accessing capital, HR, recruiting, IT, and pricing support
- No equity pathway for next-generation vets
- Earnout structures that fail to motivate clinicians
Investors Face:
- Margin compression in traditional buy-and-build models
- Rising multiples and regulatory risk
- Burnout and disengagement in clinic teams post-acquisition
- Limited operational visibility and data transparency
The Smartemis Solution
A veterinarian-first, independence-preserving model that solves both sides' needs.
100% Ownership
Vets retain 100% of common and preferred shares and 100% of profit – a group built together in partnership with veterinarians and PE professionals.
Comprehensive Support
HR, recruiting, IT, marketing, procurement, financial consulting, and regulatory services – providing the resources for future growth.
Revenue Participation
Smartemis exercises a call option on preferred shares to participate in revenue – providing veterinarians with share in value created.
Exceptional Alignment
Creates perfect alignment between performance and value creation – retaining veterinarians autonomy and financial incentives as owner operators.
Competitive Advantage
Local Owner-Operator Model
Entrepreneurial approach drives stronger clinic performance
Strong Cultural Foundation
Seasoned Leadership Team
Deep expertise in healthcare, veterinary services, and multi-unit operations.
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What veterinarians and clinic owners say about Smartemis
Impressions from the practices in the network
Get in touch with us!
Connect with Smartemis to get clear, transparent answers and explore how our model delivers sustainable performance.