Daily News: February 17, 2016

Citizens Bank Provides $21MM Facility to Ethos Veterinary Health

Citizens Bank provided a new $21 million senior secured credit facility for Woburn, MA-based Ethos Veterinary Health.

Ethos formed as the result of the recent merger of four specialty hospital groups: IVG Hospitals (New England), Premier Veterinary Group (Chicago), Wheat Ridge Animal Hospital (Denver) and Veterinary Specialty Hospital of San Diego. The company provides specialty and emergency care for pets through its 13 hospital locations across the U.S.

“Citizens was a great partner and helped us secure the financing necessary to consummate the merger,” said Ames Prentiss, CEO of Ethos Veterinary Health. “The Citizens team brings great ideas to the table and follows through with seamless execution.”

“Ethos Veterinary Health is an excellent client and we’re very happy to be able to offer our industry expertise as well as our capital markets capabilities to help them achieve their strategic and financial goals,” said Jerry Sargent, head of Middle Market Banking at Citizens Commercial Banking.