Source: VIN News

The United Kingdom’s Competition and Markets Authority (CMA) is considering measures to address concerns about lack of competition in the Veterinary sector. This includes capping prescription fees and potentially forcing large companies to sell Veterinary practices. The CMA’s actions follow a six-month review prompted by rising Veterinary care costs. Around 40% of UK areas are affected by competition issues, with consolidators owning about 60% of the market.

Share prices of major consolidators, like CVS Group, dropped significantly following the announcement. The CMA aims to ensure transparency in pricing and ownership, as well as consumer choice. Meanwhile, the British Veterinary Association supports regulatory changes to modernize the industry. Concerns over pricing and competition highlight the need for reforms, including potential changes to the Veterinary Surgeons Act.

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