Inspire Veterinary Partners to be Acquired by Audax Private Equity

TL;DR

Inspire Vet Partners getting bought by Audax PE, deal expected Q4 2024.

AI Summary

Inspire Veterinary Partners, Inc. announced on September 20, 2024, that it has entered into a definitive agreement to be acquired by an affiliate of Audax Private Equity. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions. Inspire Veterinary Partners, Inc. is a veterinary practice management company.

Why It Matters

This acquisition by Audax Private Equity signifies a significant change in ownership for Inspire Veterinary Partners, potentially impacting its strategic direction and operations within the veterinary services market.

Risk Assessment

Risk Level: medium — The acquisition is subject to customary closing conditions, which introduces a degree of uncertainty until the deal is finalized.

Key Players & Entities

• Inspire Veterinary Partners, Inc. (company) — Registrant and target company
• Audax Private Equity (company) — Acquiring entity
• September 20, 2024 (date) — Date of definitive agreement
• fourth quarter of 2024 (date) — Expected closing period

FAQ

Key Financial Figures

• $0.0001 — ch registered Common stock, par value $0.0001 IVP Nasdaq Capital Market Indicat
• $2,162,781.30 — auai RE") for a total purchase price of $2,162,781.30 (the "Purchase Price"). The Purchase P

Filing Documents

• ea0215815-8k_inspire.htm (8-K) — 25KB
• 0001213900-24-082182.txt ( ) — 196KB
• ivp-20240920.xsd (EX-101.SCH) — 3KB
• ivp-20240920_lab.xml (EX-101.LAB) — 33KB
• ivp-20240920_pre.xml (EX-101.PRE) — 22KB
• ea0215815-8k_inspire_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. On September 20, 2024 Inspire Veterinary Partners, Inc. (the "Company"), through its holding company KVC Holding Company, LLC sold Kauai Veterinary Clinic, Inc., located in Lihue, Hawaii on the island of Kauai (the "Clinic"). The Clinic was sold to Kauai RE Holdings, LLC ("Kauai RE") for a total purchase price of $2,162,781.30 (the "Purchase Price"). The Purchase Price included clear title to the real estate, the practice, all equipment, all inventory, and certain associated debt of the Clinic. The Purchase Price was used to pay the balance of the loan on the Clinic and the Company received no proceeds from the sale. The agent for the sale was Gregory Armstrong, a current shareholder of the Company and a member of Kauai RE. Charles Keiser, DVM, is a member of Kauai RE and the father of our board member Charles Stith Keiser, who is the Company's largest shareholder through his entity Wilderness Trace Veterinary Partners, LLC. The purpose of the sale was based on the Company's desire to consolidate its operations to the mainland. With the sale of the Clinic, the Company currently has thirteen veterinary hospitals located in nine states. 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: September 26, 2024 INSPIRE VETERINARY PARTNERS, INC. By: /s/ Kimball Carr Name: Kimball Carr Title: President and Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR