Latest / The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Rolling Up Veterinary General Practices
Episode 47 of The Buyout Show looks at the next frontier in pet care consolidation: private equity's move from specialty hospitals into the everyday general practice vet clinic. Lucas and Luna examine Mars Inc.'s $7.7 billion acquisition of VCA in 2017, how that deal reshaped the industry, and why PE firms are now targeting independent 'mom-and-pop' clinics. They break down the economics: a typical practice does $1 million to $2 million in annual revenue, margins of 15 to 20 percent, and how roll-ups aim to centralize procurement, lab work, and marketing. But they also…
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