Inspire Veterinary Partners, Inc. (Nasdaq:IVP) has signed an exclusive, non-binding Letter of Intent to acquire a New Jersey-based animal hospital, marking its first acquisition in the state. This proposed acquisition is expected to close in the fourth quarter of 2025 and is projected to add approximately $2 million in annual revenue to the company's growing network. Once completed, the deal would increase Inspire's network to 15 animal hospitals across 11 states. The New Jersey hospital offers a comprehensive range of services for companion animals, including surgical procedures, dental, and wellness care. Kimball Carr, President and CEO of Inspire, highlighted this acquisition as a significant milestone in the company's growth strategy.
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