Freakonomics Radio 532. Do You Know Who Owns Your Vet?
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Jan 26, 2023 
In this discussion, veterinary neurologist Rose Peters and Greg Hartman, CEO of National Veterinary Associates, delve into the impact of corporate ownership on veterinary practices. They share personal anecdotes about how private equity acquisitions affect staff and customer experiences. The conversation highlights the challenges of corporate oversight, wage stagnation, and changes in care standards that can compromise the veterinarian-client relationship. They also explore the implications of antitrust laws and the broader economic effects on the pet care industry.
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Veterinarian's Diverse Experiences
- Rose Peters, a veterinary neurologist, discusses her career path.
- She's treated diverse animals, from typical house pets to exotic species like alligators.
Private Equity Acquisition Impact
- Peters' workplace, a privately-owned veterinary hospital, was acquired by a private equity firm.
- This led to significant staff turnover and changes in management.
Increased Bureaucracy After Acquisition
- Corporate acquisitions promise reduced administrative burden for medical staff.
- Peters experienced the opposite, facing increased bureaucracy and difficulty implementing solutions.