Hints and tips:
...Veterinary clinics have been a focus, with private capital groups such as EQT and KKR making significant investments in that sector. But that sector now faces increased regulatory scrutiny....
...Mars bought VCA, an operator of veterinary clinics, for $9.1bn in 2017 and acquired Wrigley’s chewing gum for $23bn in 2008 but its recent purchases have been smaller....
...The CMA said on Tuesday that it is planning an in-depth probe into the business practices of veterinary companies, and has raised the question of how the “roll-up” of thousands of small clinics may have...
...The intervention by the CMA follows scrutiny of the veterinary market in the US, where the Federal Trade Commission in 2022 required buyout firm JAB to sell some clinics....
...The UK targets private equity’s bets on pets Over the past decade, private equity firms have spent billions of dollars buying up veterinary clinics on both sides of the Atlantic....
...Veterinary pharmaceuticals company Dechra has agreed a £4.5bn buyout by Sweden’s EQT, in what would be one of the biggest UK private equity deals this year....
...Parkin said, for example, that the 140 Mars factories and thousands of veterinary clinics around the world make up only 4 per cent of the company’s emissions....
...Private equity’s increasing ownership of veterinary clinics has put pressure on the pricing power of businesses like Dechra, while also attracting the attention of antitrust regulators in the US....
...On Friday, DD’s Eric Platt reported that KKR was following in their footsteps, starting conversations with lenders including Blue Owl Capital over a refinancing of its veterinary clinic and hospital chain...
...In recent weeks, two prominent auction processes for private equity-owned companies — veterinary clinic chain VetPartners and biometrics technology company IDEMIA — have attracted muted interest from rival...
...Mars’s once booming veterinary business was grinding to a halt as owners stayed at home rather than bringing their cats and dogs to its clinics....
...Dr Sharon Wong, who now has a clinic on London’s Harley Street, believes it is possible to arrest hair loss with prescription strength applications of minoxidil, a topical medicine that helps to increase...
...BC Partners’ VetPartners attracted bids and secured financing but is still deliberating whether it could sell the veterinary clinic chain for a higher price when the economic outlook brightens, according...
...The antitrust regulator told JAB to sell 11 clinics before completing the purchases of Sage Veterinary Partners for $1.1bn and Ethos Veterinary Health for $1.65bn....
...its veterinary clinics in Texas and California to prevent it from forming local monopolies....
...A US clinic is offering ketamine alongside psychotherapy to people with alcoholism as the fast-growing psychedelics industry moves into the treatment of addiction....
...She seeks refuge in a fantasy world while he immerses himself in his work as a professor of veterinary neurology, specialising in the differing sexual habits of prairie and mountain voles....
...“Every individual transaction might not raise problems, but in the aggregate you’ve got a huge private equity firm controlling, say, veterinary clinics. So that’s a concern.”...
...Around him, Elliot Levey and Sharon Small, both excellent, play everyone else, bringing shape to characters who are coloured by Halder’s memories of them. It’s a demanding play....
...clinics so that it could close two of its previously proposed mergers....
...The suspensions include most products in categories such as coffee and pet food, said a person familiar with the situation, with exemptions for items such as specialist pet foods provided to veterinary clinics...
...clinics — and competitors joining forces....
...In June, the FTC ordered JAB Holdings to divest veterinary clinics twice in less than a month and to seek regulatory approval before acquiring similar assets for the next 10 years in order to close two proposed...
...One example is Veterinary Emergency Group, a private company that Heritage first backed when it had just two clinics in 2017....
...The same thing in veterinary medicine. One used to have a clinic. It was self-contained, and you were responsible for the health and care of a large number of your patients....
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