Premier Veterinary Group PLC CONTROLLED EXPANSION INTO THE US (2862X)
May 05 2016 - 2:00AM
UK Regulatory
TIDMPVG
RNS Number : 2862X
Premier Veterinary Group PLC
05 May 2016
PREMIER VETERINARY GROUP PLC
("PVG" or "the Company")
CONTROLLED EXPANSION INTO THE US
London, UK, 5 May 2016 - Premier Veterinary Group plc (LSE: PVG)
announces that it has commenced a controlled expansion into the US
for its preventative healthcare program for pets branded "Pet Care
Plan" (PCP) with the appointment of two Regional Sales Directors,
based out of Atlanta, Georgia and Charlotte, North Carolina, plus
two launching/training staff, to its US subsidiary, Premier Vet
Alliance LLC.
The new Regional Sales Directors, Craig Fraser and Jennifer
Scarberry, have joined the Company from DVM Resources/Animal
Healthcare International and Antech Diagnostics respectively where
they were Regional Managers. Both executives have significant
experience in veterinary product sales and following a recently
completed training and induction period, they have already secured
7 new hospital contracts for PCP in Georgia, Mississippi, North
Carolina and South Carolina.
The available market for preventative healthcare programs for
pets across the US is estimated at 70 million dogs and 74 million
cats (U.S. Pet Ownership & Demographics Sourcebook 2012). The
largest operator in this segment in the US is reported to have one
million pets on such programs.
Dominic Tonner, Chief Executive Officer of PVG, commented:
"We have been evaluating the US as a target market for PCP for
almost 2 years and feel the time is now right for our entry. We are
now pleased to be able to announce our first steps in the south
east region of the country. We plan a methodical build-up of our
presence with the appointment of additional sales and training
personnel to support the product within hospitals."
For further information, please contact:
Premier Veterinary Group plc Tel: +44 (0)117 970 4130
Dominic Tonner, Chief Executive Officer
Daniel Smith, Chief Financial Officer
Square1 Consulting Tel: +44 (0)207 929 5599
David Bick/Brian Alexander
Note to Editors:
PVG's services to third party veterinary practices, through its
wholly-owned subsidiary Premier Vet Alliance ("PVA"), include the
administration and support of a preventative healthcare program for
pets branded "Pet Care Plan"; and the operation of a buying group
(the "PVA Buying Group") which offers enhanced discounts to member
practices on pharmaceutical and consumable spending.
Pet Care Plan is a structured, preventative healthcare program
for cats, dogs and rabbits and is available only through veterinary
practices. The program is seen as a way of providing gold standard
care for pets at an affordable price for the client, by way of
fixed monthly payments.
Pet Care Plan uses a clinical approach to prevention, as this is
the most effective method of ensuring illnesses are diagnosed more
quickly and not given a chance to advance. What truly sets Pet Care
Plan apart is its unique approach of offering an end-to-end
solution and support to the practice, which has been proven to work
extremely well. PVA works alongside practices to create a
tailor-made, cost-effective service for clients, one that delivers
excellent care to their patients and significantly improves
practice performance.
The PVA Buying Group, is now the UK's largest veterinary buying
group without group interests in veterinary practices or veterinary
wholesalers offering its members the best discounts across the
industry on pharmaceutical and consumable spend.
For further details: http://www.premiervetalliance.co.uk/
This announcement includes "forward-looking statements" which
include all statements other than statements of historical facts,
including, without limitation, those regarding the Company's
financial position, business strategy, plans and objectives of
management for future operations, and any statements preceded by,
followed by or that include forward-looking terminology such as the
words "targets", "believes", "estimates", "expects", "aims",
"intends", "will", "can", "may", "anticipates", "would", "should",
"could" or similar expressions or the negative thereof. Such
forward-looking statements involve known and unknown risks,
uncertainties and other important factors beyond the Company's
control that could cause the actual results, performance or
achievements of the Company to be materially different from future
results, performance or achievements expressed or implied by such
forward-looking statements. Such forward-looking statements are
based on numerous assumptions regarding the Company's present and
future business strategies and the environment in which the Company
will operate in the future. These forward-looking statements speak
only as at the date of this announcement. The Company expressly
disclaims any obligation or undertaking to disseminate any updates
or revisions to any forward-looking statements contained in this
announcement to reflect any change in the Company's expectations
with regard thereto or any change in events, conditions or
circumstances on which any such statements are based. As a result
of these factors, readers are cautioned not to rely on any
forward-looking statement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDAIMFTMBIMBBF
(END) Dow Jones Newswires
May 05, 2016 02:00 ET (06:00 GMT)
Premier Veterinary (LSE:PVG)
Historical Stock Chart
From May 2024 to Jun 2024
Premier Veterinary (LSE:PVG)
Historical Stock Chart
From Jun 2023 to Jun 2024