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COVID-19 Pet Boom Puts Spotlight on Veterinary Investment Opportunities | Arnall Golden Gregory LLP
Additional than 23 million American households — almost 1 in 5 nationwide — adopted a pet for the duration of the COVID-19 pandemic, according to the American Society for the Avoidance of Cruelty to Animals (ASPCA). The escalating rates of pet possession induced a soar in desire in the veterinary sector, and private fairness and other traders took see. While consolidation in the veterinary industry is not a new craze, the vast majority of veterinary clinics about the country carry on to be lesser operators or sole proprietorships. These “mom and pop” stores, with a handful of workers, are usually ripe targets for consolidation, but these types of practices are…