Veterinary Practice Acquisitions Drive Industry Change Amid Rising Costs

Why it matters locally: The trend of private equity and corporate acquisition of veterinary practices, alongside rising service costs, is likely to affect Oklahoma pet owners who rely on local veterinary clinics for their animal care needs, including those in Oklahoma City and Tulsa.

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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.