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Message
re: Private equity is killing our pets.
Posted on 1/8/26 at 1:42 pm to Seibu
Posted on 1/8/26 at 1:42 pm to Seibu
quote:Thank you for this one-off anecdote.
An equity firm bought our family business a couple of years ago (from the business that purchased us in 2015). They’ve completely killed the company by not paying our vendors, not paying bills, taking all of the company profits for other business interests, etc. Roughly 75% of the staff has jumped ship to work for competitors. 40-year old business run into the ground in 2 years. Remarkable.
0
Posted on 1/8/26 at 1:43 pm to Ailsa
We need universal pet care!
Posted on 1/8/26 at 1:44 pm to cafeaulait19
quote:
I was told by a different successful vet that no individual vet can afford to buy a practice, hence they are all becoming “corporate”.
A big reason is that vets and dentists come out of school with big student loan bills but they don't really make the big bucks the way doctors do...so they end up selling out to p/e to retire the debt and make some upside. P/E firms take all the adminsiatrtive burden of them as well and dealing with insurance companies etc so they can just focus on the practice.
Posted on 1/8/26 at 1:45 pm to Big Scrub TX
There is a problem in the vet industry, but it’s not capitalism at fault. Capitalism is just how people respond to incentives.
My dad is a vet who sold his practice to PE because he never could find a partner willing to take equity in the practice. Seems like most graduates are women who have no long term ambition to own a practice after they start a family or they’re too in debt to purchase the practice.
After my dad sold, the corporation almost destroyed the business within a few years, but they had also purchased 4 other practices in the county.
My dad is a vet who sold his practice to PE because he never could find a partner willing to take equity in the practice. Seems like most graduates are women who have no long term ambition to own a practice after they start a family or they’re too in debt to purchase the practice.
After my dad sold, the corporation almost destroyed the business within a few years, but they had also purchased 4 other practices in the county.
Posted on 1/8/26 at 1:47 pm to TigersHuskers
quote:
Why do you hate private equity specific parts of capitalism bruh?
This post was edited on 1/8/26 at 1:47 pm
Posted on 1/8/26 at 2:02 pm to Ailsa
He is absolutely correct. I (via my wife) recenlty spent almost 6k over a 5 week period to save a pet. In and out of MedVet due to a pulminary disorder that he ultimately died from. Our main vet said ther was nothing he could do except make him confortable until he died or we put him to sleep. Medvet claimed they could save him, they were wrong, but they sure did profit from it.
Posted on 1/8/26 at 2:02 pm to Ailsa
Here’s something I’ve recently learned. If your vet has no idea how to pick up the phone and reach out to the flag ship vet school in your state, AU, MS, UGA etc, run! I noticed a spot on my dog’s lip early last summer. It took me several vets and several months to get it diagnosed as cancer. Even worse was none of them could offer any sort of treatment options and when I would ask them about treatments I was seeing out there, they had nothing to add. It took me calling the Auburn University veterinary hospital to inquire about treatments that I finally got any answers. Unfortunately, I’m beginning to think I’ve run out of time. Her appointment is next week but it’s probably too late. 
Posted on 1/8/26 at 2:05 pm to Harry Caray
One day PE will look to be front and center of government instead of shadow
Posted on 1/8/26 at 2:08 pm to Ailsa
PE should not be involved in medicine for humans or animals.
PE should also not be involved in companies such as public utilities that have govt monopolies or very limited competition.
PE should also not be involved in companies such as public utilities that have govt monopolies or very limited competition.
Posted on 1/8/26 at 2:10 pm to Blizzard of Chizz
Panacur, a trade name for fenbendazole.
snip:
Facing a prognosis of three months to live, Tippens heard an intriguing story from a veterinarian he knew: A scientist with terminal cancer reportedly cured her lab mice and then herself using fenbendazole, an antiparasitic drug.
https://www.zerohedge.com/medical/cancer-patients-recover-taking-repurposed-anti-parasitic-drugs
snip:
Facing a prognosis of three months to live, Tippens heard an intriguing story from a veterinarian he knew: A scientist with terminal cancer reportedly cured her lab mice and then herself using fenbendazole, an antiparasitic drug.
https://www.zerohedge.com/medical/cancer-patients-recover-taking-repurposed-anti-parasitic-drugs
Posted on 1/8/26 at 2:11 pm to Ailsa
PE has doubled the cost of pet ownership. Seriously.
Posted on 1/8/26 at 2:12 pm to Zephyrius
quote:
PE should also not be involved in companies such as public utilities that have govt monopolies or very limited competition.
They are now moving into college football.
Posted on 1/8/26 at 2:14 pm to Boss13
quote:
Devils advocate here for the sake of conversation, if this is so bad, shouldn't every industry dominated by private equity be primed for competition by start ups?
If better service can be provided for less money, I feel that would be a huge opportunity for grassroot startups. Why isnt that happening? Im genuinely curious.
Well, startups now build to sell to PE.
Posted on 1/8/26 at 2:18 pm to Boss13
quote:
If better service can be provided for less money, I feel that would be a huge opportunity for grassroot startups. Why isnt that happening?
This is the correct answer.
I do think someone had a good point regarding education up thread. It does cost quite a bit of money to become a vet and there are ways that we could reform our educational system to lower that number some (mostly involving overturning government regulations), but yeah, if private equity is artificially inflating these prices to that degree, there’s no way to argue that individually owned clinics shouldn’t be able to kill them on price.
So why aren’t they? Those prices might be artificially inflated for some other reason.
Like tariffs, for example.
Posted on 1/8/26 at 3:19 pm to Ailsa
As the husband of a veterinarian who owns her own clinic and has two vets working underneath her, large corporations/PE are killing the industry. They did it on the human medicine side and have their eyes set on pets. If nothing changes, when she retires in about 16 yrs, she will have to sell to those devils.
Posted on 1/8/26 at 3:29 pm to Ailsa
Something else that has happened in this time span is that rents have doubled for those who lease their space, and employees are demanding more money which you must pay to retain the good ones. Even the independent vet prices have skyrocketed, not just the corporate ones.
Posted on 1/8/26 at 3:57 pm to Bjorn Cyborg
quote:
If you are paying for spine surgery on a pet, you have fricked up priorities to begin with.
The priority is decided before you get the pet. Deciding to euthanize it because its care has become difficult is the same mentality as aborting your child because you just aren't ready to be a parent. If you are not willing to give your pet the care it needs, then prevent it on the front end and don't get one. Really, that simple.
Posted on 1/8/26 at 4:16 pm to Ailsa
bullshite. My wife works at a shelter. The largest problem is American pet culture. More than 90% of the general public should not be allowed to have pets.
Also, they should be forced to incinerate euthanized pets throughout the country but in BR they all end up in the landfill.
Also, they should be forced to incinerate euthanized pets throughout the country but in BR they all end up in the landfill.
Posted on 1/8/26 at 4:17 pm to AllbyMyRelf
quote:I think something like 85% of vets are women.
Seems like most graduates are women who have no long term ambition to own a practice after they start a family or they’re too in debt to purchase the practice.
It's hard to get people to go into it. You essentially go to full medical school, but then never have the prospect of making more than $200-300K.
There are lots of structural problems. Blaming PE is mostly off base. For one, the belief seems to be that they WANT to destroy businesses. That's just silly.
Posted on 1/8/26 at 4:19 pm to Privateer 2007
There’s a reason why 109 countries have expelled these people.
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