Sizing Up

Veterinary practices in the United States currently span a spectrum of sizes, but the number of veterinarians per practice has increased noticeably in recent years. Veterinary practices in the United States currently span a spectrum of sizes, but the number of veterinarians per practice has increased noticeably in recent years. For companion animal–exclusive practices specifically, solo practices are now less common than practices with more than three veterinarians. Many companion animal practices have even more veterinarians, of course, and many have multiple locations. Meanwhile, the biggest corporate practices, Banfield Pet Hospital and VCA Antech Inc., continue to expand. Business considerations and veterinarian preferences, not the increase in the supply of veterinarians, seem to be the primary factors contributing to the growth in practice size. However, it has yet to be determined what effect, if any, the weakening demand for veterinary services might have on the trend toward larger practices. Continuing reading...

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