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why talk about (and get high hopes) for players who have yet to declare?
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By LinvilleGorge · Posted
Like a lot of things in today's economy, market concentration is a huge issue in the vet space. Mars (yeah, the chocolate company) owns roughly half of them with their control of Banfield and VCA as well as numerous smaller chains. Oh, and all that Royal Canon food the vets are prescribing and recommending? Yeah, that's owned by Mars too. Don't even get me started on the racket that is "prescription" dog food and how incredibly uneducated the average vet is on basic pet nutrition. Back to the actual clinics... private equity ghouls who care about literally nothing but profit own another 30%. Now you're down to roughly 20-25% of clinics that aren't under the thumb of Mars or private equity. -
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like any profession, a lot of them are very greedy and balloon up bills. My buddy is a vet. When he was first starting out he had BIG issues with the vet he was employed with because he was expected to drive up bills. He now owns his own practice driven by that very reason. Good man that wants to sleep good at night....doing what he set out to do at a young age (with the same reason in mind, to help animals and people). But per him, a HUGE % of small animal vets are just gouging the f out of people. like most things, I want the most mom and pop variety I can find. The bigger practice, like most businesses, it more likely is owned and operated to make as much money as possible at the end of the day.
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