Cuminesvets, the busy and successful vet practice in Llandaff North Cardiff, has recently been sold for an undisclosed sum to Medivet; one the UK’s fastest growing Vet groups. The competitive process was managed by specialist transaction advisors ProPractices, led by CEO Hywel Loveluck.
Cuminesvets Ltd was established by Australian Steve Cumines over 25 years ago. Steve, who lives in Whitchurch, Cardiff will continue to work at the practice for a transitionary period and said’
“I am extremely grateful to Hywel at ProPractices for managing an impeccable and competitive sales process and for helping us become part of the Medivet family. The transition for our valued staff and myself to Medivet has been seamless and pain free.”
Said Arnold Levy, Chief Executive of Medivet,
“We are delighted to add such a strong practice as Cumines to the Medivet family. Steve has established and developed a fantastic business with an excellent team of people to whom we are very committed. This is a great practice for us in Wales and complements our other practice up the A470 – Ash’s of Merthyr Tydfil.
SaysHywel Loveluck of ProPractices
“This was a great deal to be a part of and a pleasure to work with Steve who is a talented business man. The UK Veterinary has seen significant changeover the last few years with the arrival of a number corporate consolidators. Medivet, is a privately-owned company led by Arnold, they are great to deal with and we look forward to seeing the practice in Llandaff North going from strength to strength”.
Notes to the Editor:
ProPractices is a consulting firm specialising in transactions, valuation and advisory in the medical professions and technology sectors.
Led by Hywel Loveluck, ProPractices is one of the leading and most respected professional advisors in the UK Veterinary sector.