Ellie Diagnostics, the fastest growing independent veterinary diagnostics laboratory in the United States, recently ANNOUNCED a new capital partnership with Avego Healthcare Capital (the private equity arm of Avego Management).
Ellie plans to expand its diagnostic services for veterinarians across the United States. According to the company, its pricing is around 50 percent less expensive than corporate alternatives and requires no contracts and or minimums.
The U.S. market for private veterinary diagnostic laboratory services is essentially controlled by 2 main competitors comprising approximately 90% of the total market. Both Antech Diagnostics, Inc. (owned by Mars Inc) and Idexx Corp. each control about 45% of the market (according to a legal complaint filed in 2020 against defendant Antech Diagnostics, Inc. in the U.S. District Court for the Central District of California).
PRESS RELEASE: Ellie Diagnostics Raises Growth Equity from Avego Healthcare Capital (11.10.21)
AVEGO HEALTHCARE CAPITAL:
EXCLUSIVE CONTRACTS IN FOCUS FOR VETERINARY DIAGNOSTIC LABORATORY SERVICES:
Veterinarian’s Suit Alleging Monopolistic Behavior Ends In Confidential Settlement (9.30.21)
- A legal case in which a veterinarian alleged that one of the largest veterinary diagnostic laboratories in the world engages in monopolistic behavior by pressing veterinarians into lengthy exclusive contracts while, at the same time, producing unreliable results, won’t go to trial.
- Lawsuit Accuses Antech of Monopolistic Behavior (10.1.20)
Zoetis’ Splurge on Veterinary Labs Meets Rocky Transition (10.7.21)
- Between October 2019 and February 2020, Zoetis snapped up several of the nation’s largest regional laboratories.