Pet owners at risk of being ripped off by private equity firms as vet ownership rules change

Critics say changes by CMA will allow multinationals to obscure their ownership of vet practices Pet owners have been warned that they could be unknowingly ripped off by private equity firms who have bought local vet clinics, after the Competition and Markets Authority (CMA) removed requirements for multinational companies to disclose which practices they own. The CMA recently ran an investigation into the monopolisation of vet practices, and found that the lack of competition and transparency of ownership had led to high prices and a lack of information for customers. Pet owners were often unaware their local vet practice could be owned by an international private equity company. Continue reading...

Read it at The Guardian (World) ↗

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