Investor Relations
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.
“Not every day you get to meet someone who has built a novel way of doing what we do. Really, really fascinating.”
“We have looked at many, many assets in the clinic space. Nothing compared to what you have built — exceptional, in just four years.”
“There are plenty of vets who don’t feel they have a home in one of the big groups, but need support and some liquidity. This is a very smart way to deliver that.”
“We’ve always struggled with clinician retention after earn-out periods. What you’ve put together is incredibly compelling.”
“Your model is very unique and very, very impressive. Quite ingenious how you’ve set it up.”
“We had stopped looking at buy-and-build opportunities. But we heard you’re different — and you are. We’re excited.”
“What you have built is super, super interesting. Very impressive. And you’ve done it remarkably fast.”
“I was so impressed by the business model you developed and the clear benefits it has for vets versus traditional models.”
“Veterinary consolidation is at a structural tipping point. The Smartemis partnership model is a catalyst for the next era of modern animal health.”
“Not every day you get to meet someone who has built a novel way of doing what we do. Really, really fascinating.”
“We have looked at many, many assets in the clinic space. Nothing compared to what you have built — exceptional, in just four years.”
“There are plenty of vets who don’t feel they have a home in one of the big groups, but need support and some liquidity. This is a very smart way to deliver that.”
“We’ve always struggled with clinician retention after earn-out periods. What you’ve put together is incredibly compelling.”
“Your model is very unique and very, very impressive. Quite ingenious how you’ve set it up.”
“We had stopped looking at buy-and-build opportunities. But we heard you’re different — and you are. We’re excited.”
“What you have built is super, super interesting. Very impressive. And you’ve done it remarkably fast.”
“I was so impressed by the business model you developed and the clear benefits it has for vets versus traditional models.”
“Veterinary consolidation is at a structural tipping point. The Smartemis partnership model is a catalyst for the next era of modern animal health.”
The Model
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.
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 Network
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
A Smartemis vet
A buy-and-build vet
Clinic outcome — Revenue growth
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
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
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 →
Investor Perspective
Reactions from institutional investment professionals across private equity and investment banking.
We have looked at many, many assets in the clinic space. Nothing compared to what you have built, which is exceptional. Congratulations for what you have achieved in just four years.
— Partner, Mid-Cap PE Fund
There are plenty of vets 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
Quite ingenious how you’ve set it up. Your model is very unique and very, very impressive.
— 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
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
How it Works
Each service is the mechanism behind a clinic outcome. This answers: what does the fee revenue actually buy — and does it work?
01
PMS optimization, billing efficiency, operational process improvement.
02
Talent acquisition, team building, ownership transition support.
03
Valuation, financial structure, tax optimization, exit planning.
04
Ownership transitions, expansion support, restructuring guidance.
05
Local visibility, patient communication, digital presence.
06
Collective purchasing — medications, consumables, equipment across the network.
Governance
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.
“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
For investors, institutional partners, prospective country partners, and media inquiries.
