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Vet Club Merger Confirmed

Vet Club Merger Confirmed

A merger between two of North Island’s Veterinary Clubs has been confirmed. Effective 1st of June, Anexa Animal Health and Farmers Vet Club (FVC Veterinary Services) will operate as one practice called Anexa FVC.

Chairman Brian Gordon said, “This merger provides a sustainable Vet Club model in the Waikato-Hauraki region for the future. Farmers Vet Club (t/a FVC Veterinary Services) was established in Ngatea in 1923 and the Morrinsville Vet Club (t/a Anexa Animal Health) was established in Morrinsville in 1939. These clubs were established by farmers, for farmers and the Boards of both clubs wish to ensure strong competition remains in the market for local farmers.”

The two clubs have a good natural fit in terms of operating style and geographic boundaries. The merger will strengthen both business operations as one and will provide a low risk approach to delivering growth to both areas.

Chief Executive Terry Youngman said, “We’re excited to be able to offer a broader range of services to our clients, including utilising resources of Large Animal Technicians, Herd Consultancy and Companion Animal Services. Cognosco, Anexa FVC’s research division, is also looking forward to offering members in the Hauraki area the opportunity to participate, should they wish, in Animal Health and Production Research projects.”

“The merger also provides the opportunity for Anexa FVC to offer more attractive employment opportunities to our staff, focusing on longer-term retention of Vets,” says Mr Youngman.

Anexa FVC will initially focus on strengthening its member base, with all farming clients having the opportunity to become a member of the business. This will provide greater economy of scale for product and service delivery. The merger also will streamline the overhead cost structure through the amalgamation of many processes within both businesses, such as computer systems, inventory management, human resources, marketing, on-going training and professional development of staff and a number of other areas within the general management of the merged business.

Most importantly, the merger will allow farmers in the Waikato and Hauraki districts to have a farmer lead veterinary practice for generations to come, with Mr Gordon summing it up by commenting that Anexa FVC will “continue to focus on adding value to our member’s farming enterprises.”


ENDS

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