The Buyout Show with Fexingo · 2026-07-04 · 9 min
In this episode of The Buyout Show, Lucas and Luna dive into the wave of private equity acquisitions rolling through the veterinary industry. With an estimated 20 to 25 percent of US veterinary practices now owned by non-clinician investors, the hosts examine the economics driving the consolidation and what it means for pet owners, veterinarians, and the quality of care. Lucas explains the roll-up playbook - how firms like PetVet and Mars Inc. are aggregating independent clinics into regional networks to capture scale advantages in purchasing, staffing, and specialty referrals. Luna raises the friction: rising prices for routine procedures, the tension between clinical autonomy and corporate protocols, and the emergence of a two-tier veterinary market. The conversation looks back at a case study from the UK, where similar consolidation has already played out, to ask whether American pet owners should brace for higher costs even as access to advanced care improves.
Other episodes covering the same guests and topics, from across The B2B Podcast Index.
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