Note: Articles like this one are must-reads for animal health pros. Consolidations by merger/acquisition, vertical integration, alliances and more affect how we do business and as important, how animal owners are influenced and guided.
Graham Garrison examines the trends of corporate group acquisitions of veterinary practices and shares perspectives from several practice groups. Industry sources have estimated that approximately 50 percent of veterinary practice revenue now comes from practices operated by corporate groups while the percentage of locations is about half that number.
Corporate practices are larger on average, so they have a disproportionate share of the total pet care volume.”- John Volk, Brakke consultant
Source: Veterinary Advantage, June 2022. Link. The independent veterinary practice owner will not become a thing of the past. There are new veterinary practices being started every day, so consolidators are never going to own 100% of the market. And not every owner wants to sell. Independent veterinary practices will remain in the market.