on INSPIRE VETERINARY PARTNERS, INC.
Inspire Veterinary Partners Announces Non-Binding Acquisition Proposal of Vetsie.ai
Inspire Veterinary Partners, Inc. (NASDAQ: IVP) has announced a non-binding letter of intent with Vetsie.ai, an AI software platform. The potential acquisition would be an all-stock transaction. No operating capital infusion is needed for the first fiscal year.
Vetsie.ai leverages AI to provide veterinary professionals with quick, accurate information on patient conditions, treatments, and medications. Key investors include Leap Venture Studio, Mars Petcare, and others. It aims to expand its market reach globally.
The U.S. veterinary market was valued at $11.92 billion in 2022, with an expected CAGR of 8.7% through 2030, driven by an increasing animal population and pet insurance adoption.
Inspire CEO Kimball Carr noted that the acquisition would enhance veterinary care services and integrate digital health into pet care workflows. Vetsie.ai aims to improve efficiency and care quality in veterinary practices.
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