The boss of vet group CVS says the firm will keep acquiring smaller practices, despite the monopolies watchdog launching a review into the rapid pace of consolidation in the sector.
Earlier this month, the Competition and Markets Authority opened a review into the vet sector to learn whether the sudden rise of large corporate vet groups was driving higher prices. Independent practices made up 89% in the market in 2013 but this fell to 45% by 2021, and businesses like CVS have continued to buy smaller practices since.
