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Brian Pound is the retired founding director of CVS
As the retired founder of CVS, I have watched with interest the recent comments in the veterinary press about changes to the market and predictions for the future. When I started the company, reactions to corporate practices were all doom and gloom, both for the future of the profession itself and of incorporation.
The more recent concerns about the viability of the sector were triggered in 2017 by Medivet taking a break in acquisitions, followed by Pets at Home and its subsidiary Vets4Pets announcing some consolidation and practice closures, and then, most recently, CVS reporting a slowing of profit growth, and thus a review of their acquisition strategy.
None of this should come as a surprise. The market is maturing and the rapid growth in corporate ownership of practices over the past 20 years …
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