Skip to content
CARE for Pets logo

CARE for Pets™

Leading Consumer Advocate for Pets
  • Home
  • Veterinary Care
  • Medications
  • Insurance
  • Adopt
  • News Blog
  • About Us

Category: Pet Care

Pet Owners Spend up to $55,000 during a Pet’s Lifetime, Synchrony Study Reveals

January 12, 2022 Admin

Synchrony, a consumer financial services company, recently published a new STUDY regarding the lifetime cost of pet ownership for both…

Continue Reading →

Posted in: Pet Care, Veterinary

Popular Pet Care App Rover Recently Announced It’s Expanding Into Services for Cat Owners

April 28, 2019 Admin

UPDATED ON 6.15.19 (RELATED SECTION) A popular dog-walking app Rover recently ANNOUNCED it’s expanding into services for cat owners for…

Continue Reading →

Posted in: App, Cats, Pet Care

Popular Dog-Walking App Vetting Process In The Spotlight After Dog Walker Allegedly Caught On Camera Attacking Dog

January 13, 2019 Admin

Home security camera footage appears to show Adam Vavrus, a dog walker hired through the popular dog-walking app Wag!, yelling…

Continue Reading →

Posted in: App, Pet Care

Mars Inc Completes $9.1B Acquisition of VCA Inc

October 1, 2017 Admin

Mars Inc recently announced it’s successful acquisition of VCA Inc which operates over 800 animal hospitals in the U.S. and…

Continue Reading →

Posted in: Hospital Groups, Mars Petcare, Pet Care, Veterinary

Petco To Incorporate Thrive Clinics in Select Pet Stores

May 18, 2017 Admin

According to the company’s website, Petco (Petco Animal Supplies Inc) recently announced a joint venture with Thrive Affordable Vet Care…

Continue Reading →

Posted in: Pet Care, petco, Veterinary

Mars Petcare To Acquire Large Veterinary Hospital Group

January 27, 2017 Admin

Mars Incorporated recently announced that they have entered into an agreement to purchase pet healthcare provider VCA INC (NASDAQ: WOOF)…

Continue Reading →

Posted in: Hospital Groups, Mars Petcare, Pet Care, Veterinary

Banfield Pet Hospital Releases State of Pet Health 2016 Report

May 11, 2016 Admin

Banfield Pet Hospital, the world’s largest veterinary practice recently released The State of Pet Health 2016 Report which analyzes trends…

Continue Reading →

Posted in: Pet Care, Veterinary

Ohio Proposes Allowing EMTs to Provide Emergency Care to Pets

December 22, 2015 Admin

The Ohio House of Representatives recently passed new legislation which would allow emergency medical personnel responding to fires or other…

Continue Reading →

Posted in: Pet Care

Investigation Spotlights Anesthesia Free Pet Dental Cleanings

December 1, 2015 Admin

A recent investigation by NBC4 I-Team in Southern California has found the use of Anesthesia Free Pet Dental Cleanings are…

Continue Reading →

Posted in: Pet Care, Veterinary

New Illinois Law Makes It Illegal to Expose Pets to Extreme Weather

August 23, 2015 Admin

Illinois governor Bruce Rauner recently signed new legislation making it illegal for pet owners to leave pets in extreme weather…

Continue Reading →

Posted in: Pet Care

Posts navigation

← Older posts

RECENT POSTS

  • Chewy Expands Offerings with Launch of new Pet Health Insurance August 6, 2022
  • PetSmart to offer In-Store Practice Franchise to ‘Independent’ Veterinarians July 28, 2022

THE CORPORATIZATION OF VETERINARY MEDICINE

The acquisition of private-owned animal hospitals by corporate entities such as veterinary consolidators has accelerated over the last few years and is largely invisible to most pet owners because consolidators view the corporatization of a practice as a marketing liability. This has potentially serious implications for competition, pet healthcare costs and may worsen the labor shortage of veterinarians and veterinary technicians.
Are Consolidators Helping or Hurting Veterinary Medicine?

MANY CORPORATE PRACTICES LED BY NON-VETERINARIANS
Study conducted by CARE for Pets™ reveals that the majority of veterinary consolidators are led by non-veterinarians. These corporate entities employ a large infrastructure of managers and support teams and require significantly greater revenue to be profitable. Today, approximately 1 out of every 4 (based on recent trends, may reach more than 70% within the next 10 years) general veterinary practices in the U.S. are owned by corporate consolidators.
CEOs of Veterinary Consolidators and Hospital Groups

 

RECENT LABOR UNION ACTIVITY IN VETERINARY HEALTHCARE
First Veterinary Practice on East Coast to Unionize
According to union leadership, “today’s victory put the veterinary industry and private equity investors on notice about making sure their business model is based on equity and respect. We can’t afford to let this industry go the path of so many other industries destroyed by private equity investors. Now the hard work begins.”

 

IS QUALITY OF CARE IMPACTED BY COMMISSION-BASED PAY?
Today, approximately 2 out of 3 full-time associate veterinarians are paid on "production" (commission). Compensation models for veterinarians consist either of a fixed salary, salary plus commission, or 100% commission. This has potentially serious implications on the quality of veterinary medicine and on pet healthcare costs. A new hospital group startup is bucking the trend on commission pay and will compensate doctors "without the pressure of production-based salary."

 

CASE STUDY: Lack of Ownership Transparency in Veterinary Practices

Study conducted by CARE for Pets™ reveals many veterinary consolidators communicate misleading statements about ownership information on their individual practice websites which is most likely to create a false impression to pet owners that the practice is independently owned and locally operated.
Is Your 'Local' Animal Hospital Corporate-Owned?

IVPA EXCLUSIVE INTERVIEW: WHY LOCAL MATTERS
CARE for Pets™ interviews the President of the Independent Veterinary Practitioners Association (IVPA) about the importance, benefits, and value of independently owned & locally operated veterinary practices to pet owners and their companion animals, and to the local community.
Interview with Dr. Bonnie Bragdon of the IVPA

WILL PRIVATE EQUITY FIRMS TAKEOVER PET INDUSTRY?
Today, private equity (PE) firms control thousands of veterinary practices, major pet retailers, pet insurance companies and pet product manufacturers. Other pet care startups are founded and led by former employees of private equity firms and it is not disclosed in a transparent manner.
Private Equity Investments in Pet Care Industry

HEIGHTENED SCRUTINY OF PRIVATE EQUITY M&A DEALS
Today, approximately 3 out of 4 specialty and emergency clinics in the U.S. are owned by corporate consolidators. The Federal Trade Commission (FTC) says "private equity firms increasingly engage in roll up strategies that allow them to accrue market power off the commission’s radar."
FTC Intervenes PE Acquisition Citing Antitrust Concerns

 

ROLL-UPS MAY EXACERBATE VETERINARIAN SHORTAGE
Corporate entities such as private equity (PE) firms engage in roll-ups (buys several companies in the same market and merges them together) to enhance value and drive higher earnings. Veterinary consolidation leads to fewer and larger firms (less choices for workers). Its prioritization on short-term profits may pressure veterinarians to see high numbers of patients and adhere to appointment time restrictions. These working conditions may exacerbate the labor shortage of veterinarians and veterinary technicians.

 

ACCELERATE POSITIVE CHANGE IN PET CARE INDUSTRY
As "the internet's most trusted consumer advocate for the pet care industry,"™ CARE for Pets™ "seeks to empower pet owners to effect positive change in the pet care industry in order to provide the best care for your pet."
ABOUT US | BETTER CARE FOR PETS™ | TRADEMARKS

Copyright © Watchdog Media Group™
All Rights Reserved 2014-2022

Disclaimer: CARE for Pets™ (CFP™) - Part of the CARE for Animals Network™ (CFAN™), does not guarantee accuracy of displayed data nor endorse or recommend any pet products and services which may also include veterinary practices, veterinarians, pet insurance, and animal welfare organizations.

Copyright © 2022 CARE for Pets™ — Stout theme by GoDaddy