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Veterinary

 

Veterinary fundamentals as strong as human healthcare, with more consolidation opportunities and less regulatory risk

Speakers at HBI’s first ever panel on the veterinary sector made a compelling case for the sector’s investability to HBI 2024 attendees. Demand is resilient and growing, supported by a growing number of pets as well as greater expenditure from pet owners as the range of services expands. Demand growth is also supported by greater price flexibility than human healthcare typically has in most European countries. And almost all the continent’s markets remain unconsolidated. 

FREE BLOG Major topics and trends discussed at HBI 2024

HBI’s annual conference took place last week. Almost 600 attendees — comprising CXOs of healthcare providers, investors, suppliers and advisors — travelled from 40 different countries to London for the event. Over the course of three days of roundtables, workshops and panel discussions, they explored the big issues the sector faces, and the opportunities available to the private sector in helping to solve them.

Healthcare investment “through the bottom of the cycle” — Goldberg (Rothschild)

At last year’s conference Hedley Goldberg, Managing Director at multinational investment bank Rothschild, predicted healthcare M&A activity would begin picking up again in Q4 2023 or Q1 2024. But we’re now halfway through 2024 and there are still very few deals above €500m taking place. Goldberg is confident, however, that we have now passed through the bottom of the cycle.

HBI 2024 Day Two, Afternoon Briefing

The afternoon of day two of HBI 2024 included sessions on dental services, veterinary services the move to preventive healthcare, decarbonisation and the race to decarbonise.

UK’s CMA launches inquiry into veterinary sector

The Competition and Markets Authority (CMA) has announced the launch of a full-scale investigation into the UK’s veterinary sector, following a sizeable response to its initial review in September 2023. The initial review generated 56,000 responses from pet owners and professionals, prompting the authority to launch a market investigation.

UK veterinary group may attract Nordic bidders

Summit Capital is selling UK veterinary group Independent Vetcare (IVC), a source said. Potential bidders are Nordic private equity houses EQT and Nordic Capital. They each run a pan-European veterinary operation, Anicura and Evidensia, respectively.

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