Biotech entrepreneur # Brand developer # Business strategist # Regulatory negotiator in the animal health industry
Pet Healthcare has been shown to be resilient in economic downturns and an important recipient of demographic changes and attitudes towards pets as true family members across the world. In my previous jobs in the animal health industry, the companies that I worked for continued to register year-on-year double-digit growths even in major events like the dot.com bust and the Lehmann Brothers crisis. Even Japan’s lost decades did not stop the growth of the pet healthcare sector. It’s therefore no surprise that huge private equity firms (smart money) have been buying up large chunks of veterinary clinics due to their lucrative potential returns the firms can get from consolidation of best practices and shared resources across them. This is also happening in China and a few Asia Pacific economies today. At the end of the day, it is a “willing-buyer, willing-seller” marketplace. Veterinary clinics are privately owned by veterinarians who are business owners, and they are not compelled to sell away their ownership to private equity firms. #pethealthcare, #retromad1, #antiviral
My good friend Brian Hamm, DVM, DACVIM alerted me to this just days after it happened. Thank you, my friend. Calling ALL veterinary professionals to read this post and educate yourselves on what is happening: If you haven't heard, Senator Elizabeth Warren and Senator Richard Blumenthal of Massachusetts sent this letter to the JAB corporation on August 6, 2024: https://lnkd.in/ea4jEU2z I would encourage you to read this document and take it in. A senator in government is calling you out Mars, JAB Holdings B.V., and Shoreline Capital (just to name a few). This is serious. It is validating. It is...a miracle, to be honest. I did not think I would see this happen within my lifetime but it seems the fates have smiled upon us. You see, they have acknowledged what is happening because it MATTERS. You matter. Your life matters to someone - know that. They have asked this corporation, who is one of the largest of them all, to provide documentation of where the money they are making is going. They want to know if this is equitable and if our nation's safe-gaurds have failed. I will be waiting, in a few days, to see if they produce the documents requested. They are due on August 21. If you are in veterinary medicine and you care about your profession and what is happening behind closed doors - you will want to follow this story closely. If you don't want to pay attention to the media because it's overwhelming and you can't handle it just come back and check my page. I'm sure I will be sharing anything I can as it happens. This brings me hope. This brings me a sense that there are leaders out there that care and are paying attention. We can bring back quality care and equitable compensation to practices. WE CAN - but we will have to do this TOGETHER. Are you with me? Side note: I find it concerning that not a single veterinary news thread has shared this or written a story - that I am privy to. If you have found one, please share it below! Thank you! Today's Veterinary Business AVMA (American Veterinary Medical Association)National Association of Veterinary Technicians In America (NAVTA) dvm360® #elizabethwarren #callingitout #justiceforall #corporatemedicine #veterinarymedicine #vetmed #politics #businesstoday #todaysveterinarybusiness
