07/29/2026
The veterinary industry has changed dramatically over the last decade.
With rising operating costs, staffing shortages, and increasing financial pressures, many privately owned veterinary practices have chosen to sell to larger corporate groups. Today, an estimated 1/4 to 1/3 of ALL companion animal practices in the U.S. are corporately owned, and that number continues to grow.
One of the largest players is Mars, Inc. you probably know Mars for brands like M&Mâs and Snickers, but what you might not realize is that their pet care division also owns Banfield, VCA, and BluePearl. They are also owners of pet food brands like Royal Canin, Pedigree, Iams, Nutro, Greenies, Cesar, and Whiskas. When the same veterinary offices only recommend these products, Iâm starting to throw up red flags and conflict of interest. Many people will fight that their recommendations are based on testing, but who also pays for those tests?
Now donât get me wrong, Iâm not against corporate owned practices, but I am gravely concerned about what this merger could mean for veterinary medicine. It will bring ownership to two companies. As more practices become part of these corporate groups, many veterinarians lose the ability to make certain business decisions for their own hospitals. Pricing, inventory, treatment protocols, and other operational policies may be determined at the corporate level rather than by the veterinarian you know and trust.
That doesnât mean your veterinarian doesnât care, but being stuck at the mercy of corporate monopoly, it heavily impacts what they can do and at what rate. The implications of this are massively concerning.
The Trump Federal Trade Commission (FTC) is investigating veterinary consolidation amid petflation costs.
The Trump FTC has issued Civil Investigative Demands (CIDs)âlegally binding requests requiring companies to produce documents and informationâto all parties involved in the proposed Covetrus-MWI Animal Health merger as part of an investigation into potential antitrust concerns.
If approved, the merger would reduce the number of major national veterinary distributors from three to two, with the combined Covetrus-MWI company controlling up to 75 percent of the market.
Local antitrust attorney Joel Thayer told the Daily Caller the merger would dramatically reshape the veterinary distribution market, arguing it would leave one company with overwhelming control over prices and terms.
âItâs looking more like itâs going from, instead of a 3 to 2, itâs looking like itâs going to a 2 to 1, where one company is going to basically dictate all the terms and prices for that type of veterinary service.â
Research from the American Society for the Prevention of Cruelty to Animals (ASPCA) has also found that some pet owners have surrendered their animals because they could no longer afford or access necessary veterinary care.
Recent numbers also show that 22 percent of pet owners now carry more than $2,000 in pet-related debt, as the lifetime cost of owning a dog has climbed to roughly $35,000, with the cost of owning a cat not far behind, according to a Gallup poll.
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