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Independent Vetcare acquired by EQT
hand shaking
The parties involved have decided not to disclose the value of the transaction.
Agreement signed to take over as principal investor

Scandinavian investment firm EQT has signed an agreement to acquire Independent Vetcare (IVC) from Summit Partners.

The parties involved have decided not to disclose the value of the transaction, which is expected to close in early 2017.

IVC was founded in 2011 through the merge of three veterinary groups. Reportedly the third largest veterinary services provider in the UK, it has just under 300 sites and employs around 2,700 people.

Global growth equity company Summit Partners has been its principal investor since July 2014. But according to David Hiller, IVC's CEO, the business began looking for a new partner earlier this autumn to continue its development.

EQT already owns Evidensia, one of the leading veterinary groups in Europe.

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HMRC seeks feedback on locum employment categorisation

News Story 1
 HMRC has invited feedback to its communications regarding the employment status of locum vets and vet nurses.

A letter, sent from HMRC last year, provided guidance for practices categorising the employment status of locum veterinary surgeons and veterinary nurses.

It is now inviting anonymous feedback from those making employment status decisions on their communications. The survey takes 5-10 minutes to complete and closes on Friday, 6 February.

The survey can be accessed here. 

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News Shorts
Survey seeks ruminant sector views on antimicrobial stewardship

A new survey is seeking views of people working in the UK ruminant sector on how to tackle the challenge of demonstrating responsible antibiotic stewardship.

Forming part of a wider, collaborative initiative, the results will help identify the types of data available so that challenges with data collection can be better understood and addressed.

Anyone working in the UK farming sector, including vets and farmers,is encouraged to complete the survey, which is available at app.onlinesurveys.jisc.ac.uk