KwikVet

Company profile

KwikVet company profile

KwikVet's patent-pending system allows busy pet parents in major cities to get a licensed veterinarian at home, any time of the day or night. Kwikvet solves over 90% of the issues that would otherwise require a time-consuming, stressful visit to a brick and mortar veterinary clinic. A data-driven company, KwikVet uses disease-frequency data to equip veterinarians with an engineered medicine & test bag, supported by lab manufacturers looking to place the best veterinary solutions at the point of service. KwikVet significantly lowers the cost of opening-up the in-person Veterinary-Client-Patient Relationship (VCPR) required by most States to allow the ensuing tele-monitoring of pets' health and further veterinary product prescription, including the prescriptions needed by the growing $10b market of medicated pet food and supplements. Veterinary clinics are a growing $30B market, fragmented into about 30,000 mom & pop clinics. The largest national player - Banfield - has only about a 10% share. The second player - VCA with a 3% share - was acquired by Banfield for $9.1 billion in early 2017. Medicated pet food suppliers - that need the VCPR KwikVet can provide in order to reach clients - are also actively traded, including the recent acquisition of Blue Buffalo by General Mills for $8 billion.