London-listed pets-and-vets company CVS Group has already spent more than $200 million on buying vet practices Down Under. Here’s why the UK player is so keen.
London | One of Britain’s most celebrated traits is its people’s passion for their pets. This is a country that celebrates National Dog Day, and which tried to organise a special evacuation flight out of Afghanistan for its citizens’ furry friends.
So it’s little surprise that in Britain, veterinary services is a big and booming business. And circling over the thousands of neighbourhood veterinary practices are some industrial-grade financial hoovers, absorbing the small fry into bigger conglomerates.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
