Veterinary Practice Acquisitions Drive Industry Change Amid Rising Costs

Why it matters locally: New Jersey pet owners, like those nationwide, are likely to experience rising veterinary service costs, as the trend of corporate and private equity acquisitions of veterinary practices affects the availability and pricing of care within the state.

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American pet owners are encountering higher expenses for veterinary services. This increase in cost occurs as private equity firms and major corporations acquire veterinary practices throughout the country. Paul Solman reported on this development.