4min chapter

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531. Should You Trust Private Equity to Take Care of Your Dog?

Freakonomics Radio

CHAPTER

Pets and the Riemann Family - What's Next?

25% of general veterinary practices in the US are owned by corporate consolidators. That's up from around 5%, just 10 years ago. When it comes to specialty veterinary practices, emergency care,. surgery, cancer, things like that, corporate ownership is around 75%. Why are they so attractive to private equity firms? They yield higher revenues and they're growing much faster than general vet care.

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