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Investor Relations

Rethinking alignment
of interest

Smartemis is Europe's fastest-growing network of independent veterinary clinics. Empowering clinician entrepreneurship across France and Germany.

Borrowing a page from private equity, Smartemis partners with entrepreneurial veterinarians and then gives them the resources they need to fulfill their potential. The result? A partnership-driven, win-win approach that preserves veterinary independence while driving superior financial returns — for clinic owners, their successors, and investors.

How We Add Value → Our Community Request a briefing →
Smartemis veterinary community
The Model

Investors and veterinarians were both in search of a better model. Now they have one.

As market consolidation progresses and add-on multiples climb, reliably achieving desired MoM targets has become more and more challenging for investors. Loss of control and pressure to drive financial performance improvement — often without a direct interest in the result — leads to a loss of productivity as often as improvement.

600+ veterinarians strong and growing

Veterinarians are clearly enthusiastic about having an alternative to the traditional options of going it alone or selling out — making Smartemis the fastest-growing independent veterinary community in Europe.

Our Vets →
Network Growth

From €0 to €183M in four and a half years.

"
Smartemis exists to give veterinarians a way to realize the financial value of their clinics without giving up control or sacrificing their pride of ownership. We believe veterinary clinics are best run by veterinarians working in their own clinics — not by big corporations which cannot possibly know or manage all of the day-to-day opportunities.
Bill Hughson Founder & CEO, Smartemis
Our Vets

Smartemis vets are inspired by our mission: To build the leading, durable community of independent veterinarians in Europe. Growing and creating value together.

A Smartemis vet
A buy-and-build vet
Wants to grow their own clinic, not exit to someone else
Sold the clinic to unlock value
Invests for the long-term in staff, equipment, systems
Manages to centrally set KPIs
Retains ownership and pricing autonomy
Lost pricing and hiring autonomy
Motivated by building, not being managed
Works within a corporate structure
Chooses Smartemis to join a community of like-minded veterinarians. Cares about their legacy.
Disengagement & attrition are documented risks
Clinic outcome — Revenue growth
+18% revenue. No price increases.

A clinic that grew revenue by 18% through billing optimization — without raising prices or adding patients.

Network average, Year 1
Read the clinic story →
Clinic outcome — Resilience
Partner leaves. Clinic grows +12%.

When a co-owner departed, shared HR and operational support meant the clinic grew rather than contracted.

Year following ownership transition
Read the clinic story →
Clinic outcome — Scale efficiency
€50,000 saved on a single decision.

Network expertise on a software migration saved one clinic €50,000. Multiplied across the network, this is what shared infrastructure means.

One-time cost avoidance
Read the clinic story →
All clinic stories →
Investor Perspective

What investors say

Reactions from institutional investment professionals across private equity and investment banking.

"Not every day you get to meet someone who has built a novel way of doing what we do. Really, really fascinating."

— Director, Mid-Cap PE Fund

"We have looked at many, many assets in the clinic space. Nothing compared to what you have built, which is exceptional, to be honest. Congratulations for what you have achieved in just four years."

— Partner, Mid-Cap PE Fund

"There are plenty of vets out there who don't feel they have a home in one of the big groups, but need support and some liquidity from their business. This is a very smart way to deliver that."

— Managing Director, Large-Cap PE Fund

"We've always struggled with clinician retention and what happens after earn-out periods. What you've put together is incredibly compelling."

— Investment Director, Large-Cap PE Fund

"I have to say, your model is very unique and very, very impressive. Quite ingenious how you've set it up."

— Senior Partner, Mid-Cap PE Fund

"We had stopped looking at buy-and-build opportunities. But we heard that you're different — and you are. We're excited."

— Investment Professional, Mid-Market PE Fund

"What you have built is super, super interesting. Very impressive. And you've done it remarkably fast."

— Managing Director, Large-Cap PE Fund

"I was so impressed by the business model you developed and the clear benefits it has for vets versus traditional models."

— Partner, Mid-Market PE Fund

"Veterinary consolidation is at a structural tipping point. The Smartemis partnership model is a catalyst for the next era of modern animal health."

— Managing Director, Leading Investment Bank
Request an investor briefing →
How it Works

How Smartemis generates results

Each service is the mechanism behind a clinic outcome. This answers: what does the fee revenue actually buy — and does it work?

01
Practice Development
PMS optimization, billing efficiency, operational process improvement.
Services detail Case study: +18% revenue, no price increases
02
Recruiting & Succession
Talent acquisition, team building, ownership transition support.
Services detail Case study: HR crisis → +22.7% growth
03
Finance
Valuation, financial structure, tax optimization, exit planning.
Services detail Case study: €50,000 saved on one decision
04
Change Management
Ownership transitions, expansion support, restructuring guidance.
Services detail Case study: partner leaves, +12% growth
05
Marketing
Local visibility, patient communication, digital presence.
Services detail Case study: 20% admin time reduction
06
Tradelios
Collective purchasing — medications, consumables, equipment across the network.
Services detail Case study: network purchasing savings
Governance

Half our board are practicing veterinarians — elected by their peers.

Clinical excellence, animal welfare, and the interests of practicing vets sit at the heart of every strategic decision. This is not symbolic governance — it is structural.

Meet the full board →

"The governance structure is what convinced me. Vets have a genuine seat at the table here — not a symbolic one. When we vote, it counts."

Dr Marcus Stieger — Veterinarian & Clinic Owner
Get in Touch

Speak to the Smartemis team

For investors, institutional partners, prospective country partners, and media inquiries.

Request a briefing → Contact us →