Comment by vjvjvjvjghv
3 months ago
In my town it works like this: Vets get taken over by PE, raise prices over time. People move to the old style vets. These are overwhelmed and can’t take more patients, so people have no choice but going to the PE vets.
Important extra step is that the market can't respond and increase capacity - it is increasingly difficult to set up a new vet clinic (nimby, local regulations, insurance, fitout costs) and so any existing vets who wants to roll their own usually can't get capital together to start a new clinic.