Why Veterinary Care Costs Keep Rising and Why Private Equity Is Part of the Conversation

By Kendall Jang, Staff Writer

Veterinary care has become significantly more expensive over the past decade, with costs rising much faster than overall inflation. While advances in veterinary medicine, staffing shortages, and higher operating costs all play a role, another factor is receiving increased attention: the growing number of veterinary practices owned by private equity firms and large corporations.

Today, corporate ownership is estimated to account for 30–50% of veterinary practices nationwide, with an even larger share of specialty and emergency hospitals. Critics argue that consolidation can reduce competition, increase prices, and place greater pressure on clinics to generate revenue, while supporters note that larger organizations can provide access to advanced technology, specialty care, and operational support.

For pet owners, this trend highlights the importance of understanding who owns their veterinary clinic, asking questions about recommended treatments and costs, and seeking second opinions when appropriate. Independent veterinary practices continue to play an important role in providing competitive pricing and personalized care within their communities.

As the veterinary industry continues to evolve, ensuring that high-quality, affordable care remains accessible for pets and their families will be an important issue for policymakers, veterinary professionals, and consumers alike.

Take Action

1. Help increase access to veterinary care by submitting an action alert for H.B. 664. This would allow registered veterinary technicians (RVTs) to perform additional preventative and routine care items to all dogs and cats in Ohio.

2. Looking for accessible, affordable veterinary care? Check out our Statewide Directory and find care near you.

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