The Netherlands Authority for Consumers and Markets (ACM) has launched an investigation into the market dynamics of veterinary practices in the Netherlands. In recent years, large investment companies have increasingly acquired veterinary practices. This has reduced competition, which according to the ACM may have led to an increase in rates of more than 30%!
This problem is not only present in the Netherlands. In other countries, such as the United Kingdom, regulators have also launched similar investigations into the consequences of the wave of takeovers within the veterinary sector.
With this research, the ACM aims to gain insight into the consequences for both animal owners and veterinarians and to determine whether intervention is necessary to ensure fair market operation.
Source: Het Financieele Dagblad
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