Source: The Atlantic
There has been a significant rise in Veterinary costs and corporate consolidation within the Veterinary profession, leading to concerns about affordability and quality of care for pets. The author of this article shares a personal anecdote about their dog, Katie, whose extended life despite advanced heart failure incurred substantial medical expenses. The surge in private equity investments in Veterinary practices, coupled with corporate acquisitions, has led to increased prices for Veterinary services.
This corporate consolidation, exemplified by companies like Mars Inc. and JAB Holding Company, has raised questions about the motivations behind rising costs and potential impacts on pet owners. Despite claims of improved quality of care, critics argue that profit-driven practices may prioritize revenue generation over patient well-being. The author highlights concerns about access to care, economic euthanasia, and the financial strain on pet owners.
Read the full story HERE: https://www.theatlantic.com/ideas/archive/2024/04/vet-private-equity-industry/678180/