Inspire Veterinary Partners Plans Acquisition of New Jersey Animal Hospital

Inspire Veterinary Partners, Inc. (Nasdaq: IVP) has announced a move to acquire a New Jersey-based animal hospital. The acquisition, projected to conclude in the fourth quarter of 2025, is expected to add approximately $2 million in annual revenue. This strategic step would increase Inspire's network to 15 animal hospitals across the U.S., marking its first venture into New Jersey.

The prospective acquisition involves a well-established, multi-doctor general practice offering comprehensive services for companion animals. Inspire, which already operates hospitals in 10 states including California, Florida, and Texas, sees this as a pivotal expansion in its growth strategy.

Inspire's expansion aligns with their ambition to continue acquiring veterinary hospitals across the nation. CEO Kimball Carr highlights the significance of the New Jersey addition in their broader growth strategy.