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"It cannot cost that much to start a vet clinic" implies vets are cheap. There is not an infinite supply of vets, especially those free from debt and who can b
by astrodust 2y ago
"It cannot cost that much to start a vet clinic" implies vets are cheap.
There is not an infinite supply of vets, especially those free from debt and who can borrow enough to start a practice.
- mattmaroon 2y agoCorrect, that’s the problem, which is what I said. Not PE firms, lack of veterinarians.
- ceejayoz 2y agoIf the PE firms buy up the practices and put all the vets in the area under a non-compete (not a hypothetical; see my other comments in this thread, it happened here in Rochester NY and is widespread practice), there aren't any vets to open a competitor.
- mattmaroon 2y agoNon-competes aren’t that simple, and in that very article it says they were forced to abandon it. There aren’t any vets because there aren’t enough vet schools.
- astrodust 2y agoDon't worry, hedge funds will snap up those as soon as they realize the potential they've created.
- mattmaroon 2y agoActually they're largely for-profit already. A good friend of mine does admissions for one, which is why I have a little insight into the industry. I wouldn't be surprised if PE firms open more vet schools at all.
- SoftTalker 2y agoVeterinarians are not a dime a dozen. You can't go to a boot camp and emerge in 6 months with a license to practice. They should all simply refuse to sign non-competes (not that they should be legal in the first place).