07/02/2026
An interesting article but incomplete. The author does not mention veterinary reference lab, and the pet food companies owned by Mars Corp. It is this diverse investment that allowed Mars to avoid FTC oversight. BTW Mars controls over 35% of the total US vet market. It is the corporate competition from referral and emergency care clinics that the veterinary teaching hospitals need to compete with for Boarded vet specialists. Supply of Board vet specialist is so low some vet colleges are bringing in international vet specialists.
Corporations and private-equity funds have been rolling up smaller chains and previously independent practices.