Veterinary Practice Acquisitions Drive Industry Change Amid Rising Costs

Why it matters locally: The trend of private equity and corporate acquisition of veterinary practices contributes to rising pet care costs for Minnesota's 5.7 million residents, potentially making essential veterinary services less accessible or affordable across 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.