About Provet
Company History
Provet - now a Henry Schein Company - was originally established in 1982 in Queensland by 5 veterinarians with the vision of expanding the veterinary industry by reclaiming proceeds generated by the profession back into the profession. Other veterinarians embraced this logic, of sharing in the wealth while stocking their practice, and invested $180,000 in a purpose built pharmaceutical warehouse, staffed by 3.
In 1984 Provet invested in a warehouse in Newstead QLD, with further expansion beginning in 1986 after the purchase of a warehouse in Fortitude Valley. Construction of Provet North Queensland (in Townsville) began in 1985.
In 1985 Provet also invested in a warehouse in NSW, which was later purchased in 1988 to become Provet (NSW).
In 1986 Provet acquired VMS Newcastle, managed by John Wotherspoon, which was later renamed as Provet VMS. A larger warehouse was built for this branch in 2001.
1996 was a pivotal year of change for Provet - it was the year that Provet went from being a unit trust to a share company. It was also the year that Provet IT was built and established, which brought Provet one step closer to becoming the ‘one stop shop’ for veterinarians.
1999 saw the beginning of Provet Riverina in Wagga Wagga, NSW. Construction of a larger warehouse in Banyo, QLD, also began this year resulting in the third relocation for Provet QLD. Later that year, Glenda Sinclair-Gordon was promoted to General Manager Queensland and Joe Best was appointed Group General Manager.
2002 was the year that began Provet New Zealand, with further expansion resulting from the purchase and integration of NVS New Zealand in 2005.
Further expansion of Provet has subsequently resulted from the acquisitions of Provet Allhank Victoria in 2004, Westralian Holdings Limited (Provet WA) in 2007 and Monsoon (Provet NT) in 2008. The beginning of Provet South Australia in 2006 and Provet Tasmania in 2009 has ensured that Provet fulfills its responsibility of Australasia’s Leading Veterinary Distributor.
2006 and 2007 saw Provet invest into their portfolio of value-added services with the acquisitions of Crampton Consultant Group/Animal Industries Resource Centre (CCG/AIRC) in 2006 and the purchases of Veterinary Practice Management software programs: VisionVPM and VetCare in 2007.
On 15th March 2010, Provet was listed on the Australian Stock Exchange marking a significant milestone in the Provet Group’s history. By 15th October, Provet announced that the Board was in negotiations with Henry Schein, a global provider of health care products and services, in relation to an offer to acquire the entire issued share capital for cash consideration of $2.14 per share, subject to approval by Provet Shareholders. The offer was approved in early December and Provet was later purchased by Henry Schein. Click here for more information about Henry Schein.
Provet is now an organisation, with over 330 employees, that approaches $A300million in sales and now has the buying power to ensure that our partners are able to access the best value from our suppliers. With 13 warehouses strategically located across Australasia and an experienced export team servicing around 40 countries, Provet provides further reach across the veterinary market than ever envisioned by the original 5 veterinarians.
