Vets cash in amid takeover wave

The quiet gold rush in Ireland’s veterinary practice market has continued in 2024 with a pair of purchases by IVC Evidensia, one of the big international players in the industry.

There are, according to most estimates, about 750 veterinary practices in Ireland, and the market is consolidating fast, driven not just by IVC Evidensia, but other big groups such as CVS, Linnaeus, Vet Partners, as well as an Irish group called Highfield Veterinary. There appears to be plenty of data to back that up. Research from HLB Ireland, last year found that “just under one-third of veterinary practice owners surveyed are considering selling their practice in the next 12 months”, citing a desire for more work-life balance.Many more have already decided to sell up, with the HLB research noting that there has been a particular acceleration in acquisitions since 2019.

Source: News Formal (newsformal.com)

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