Latest / The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Veterinary Clinics
In this episode of The Buyout Show, Lucas and Luna explore the rapid consolidation of independent veterinary practices by private equity firms. With over 25,000 clinics in the U.S., about a third are now owned by corporations or investment groups. They break down why vet clinics are attractive targets—fragmented market, recession-resistant revenue, and high margins—and what it means for pet owners, vets, and the animals themselves. Lucas walks through a typical deal structure, including how earn-outs work, and Luna shares a personal story about her vet's recent sell-out. They discuss the…
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