Veterinary Practice Acquisitions Drive Industry Change Amid Rising Costs

Why it matters locally: Virginia's numerous pet owners are likely already experiencing or will soon face higher veterinary service costs as private equity acquisitions reshape the industry, potentially reducing independent practice options across the Commonwealth.

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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.