Inspire Veterinary reaffirms plans to accelerate acquisition, growth strategy

Inspire Veterinary Partners announced its commitment to accelerate its acquisition and growth strategy following its previously announced closing of a $6 million public offering. “We believe that we have the building blocks in place to help achieve the next phase of our acquisition strategy and do so while driving strong growth and shareholder returns,” said Kimball Carr, President & Chief Executive Officer of Inspire. “We remain early in our growth journey, with our strong base of veterinary hospitals, proven ability to create enduring client/pet relationships, and significant runway in core, existing, and new markets. Following our recently completed and successful public offering, I am excited about taking our growth strategies to the next level to serve more and more pets around the nation. At the same time, we intend to combine financial discipline with a steady focus on revenue growth, gross margin expansion and strong cash flow to deliver compelling shareholder returns.” New and existing strategic initiatives to drive sustainable revenue and earnings growth, including: Expansion in 2024 and 2025 through hospital acquisitions and new business integrations by targeting single unit acquisitions and the potential for multi-unit integrations; Scaling Inspire’s service offerings by expanding its national veterinary care footprint to provide pet parents with unrivaled access to general and specialized health care services; Diversifying earnings streams through improved category and business mix; Building a differentiated merchandise offering through key vendor relationships; and Scaling personalization capabilities by leveraging the power of its comprehensive pet database and data-driven approach to enhance the pet parent experience, and deepen engagement and loyalty.