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More and more veterinary clinics are coming together

2021-11-26T20:11:06.330Z

ANALYSIS - After medical analysis laboratories, pharmacies, dental and ophthalmological centers, it is the turn of veterinary clinics to consolidate. The big maneuvers have started.



One of the market champions in France, VetOne (51 clinics), has just changed hands.

It was bought by one of the European leaders in the sector, IVC Evidensia, of which Nestlé is a minority shareholder.

The French fund TAHG (The Animal Health Group) had owned it for seven years.

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VetOne, which only had a dozen clinics four years ago, sold at a high price, the operation valuing the company around 300 million euros, according to our information.

Between them, VetOne and IVC will have 155 clinics and more than 1,500 employees in France.

"

The objective is to refine our network of the territory in certain geographical areas, to offer more services to our veterinarians and a more segmented offer to our customers"

, explains Steve Rosengarten, president of VetOne.

This is the second stage in the consolidation of the sector.

Five years ago, the first saw the entry of financial players into the capital of several veterinary clinic companies, contributing

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Source: lefigaro

All business articles on 2021-11-26

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