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There was a NPR episode about this (forgot the exact show, might have been planet money). Apparently a ton of vets are being bought out by private companies. Ba
by syntaxing 3y ago
There was a NPR episode about this (forgot the exact show, might have been planet money). Apparently a ton of vets are being bought out by private companies. Back then, vets would sell to one of the younger vets in their practice when they retire. These private companies are out competing in terms of price hence all these upsell.
- gnicholas 3y agoPrivate equity, in particular, IIRC. Very motivated by profit maximization, without regard for long term longevity of the businesses.
- cassianoleal 3y ago> without regard for long term longevity of the businesses. Or your dog.
- MSFT_Edging 3y agoA lot of these bought out vets are basically forced to close 24 emergency calls. Some cities like Rochester, NY are basically devoid of 24hr vet care. Better hope whatever emergency fido is dealing with can wait till morning, because private equity has some blood to let.
- caseyohara 3y agoFreakonomics Radio did a deep two part series on private equity firms buying up all of the local veterinarians. Definitely worth a listen if you are interested in this stuff. Should You Trust Private Equity to Take Care of Your Dog? (Episode 531) https://freakonomics.com/podcast/should-you-trust-private-equity-to-take-care-of-your-dog/ https://freakonomics.com/podcast/should-you-trust-private-eq... Do You Know Who Owns Your Vet? (Episode 532) https://freakonomics.com/podcast/do-you-know-who-owns-your-vet/ https://freakonomics.com/podcast/do-you-know-who-owns-your-v...
- yencabulator 3y agoFor what it's worth, the same thing is happening to human healthcare in the US.