How cash-strapped pet owners are unwittingly lining the pockets of ‘baby-faced’ billionaire as vet bills so...

PET owners paying record costs for vet treatment are lining the pockets of a billionaire known as the “baby-faced assassin”.Christian ­Sinding runs the company which owns IVC Evidensia — the UK’s biggest chain of vet practices and one of several firms this week ­implicated in a row over rocketing prices.

I feel we’re being taken advantage of because we are animal lovers and would never compromise on their healthMeanwhile, the number of locally owned independent practices has plunged from 89 per cent to just 45 per cent in the eight years to 2021.private equity group which owns IVC Evidensia — into one of the world’s fastest-growing firms, owning some 300 companies which employ around 700,000 people.

Sue Davies, head of consumer protection at Which? said pet owners were often left facing “eye-watering” bills. The CMA report revealed that some vet practices make around 25 per cent of their revenue from ­selling medicine, much of which can be bought cheaper elsewhere.She said: “Independent vets are better able to tailor services and payments to individuals, an aspect critical to pet health.”CVS posted a 50 per cent increase in pre-tax profit to £54million last year, while its top three execs ­pocketed almost £4million in total, with boss Richard Fairman ­taking home £1.

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