Adam Burgin’s Post

The CMA has confirmed that it will launch a formal market investigation into the veterinary sector.   This is potentially serious for vet practices, as the CMA states it intends to explore whether: - Consumers are getting the information they need, at the right time, to make informed decisions. - A limited choice of vet businesses in certain areas is impacting pet owners. - Profits earned are consistent with the levels expected in a competitive market. - Vet businesses have the incentive and ability to limit consumer choice when providing treatments or recommending related services, particularly when they are part of large integrated groups. - The regulatory framework is preventing the market from functioning as well as it could.   The CMA states that potential remedies could include: - Mandating the provision of certain information to consumers - Imposing maximum prescription fees - Ordering the sale or disposal of a business or assets   Remedies would be legally enforceable. The CMA can also make recommendations to government, e.g. proposing changes to the regulatory framework

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Jason Smith

Head of Professional Services & Marketing - Procurement & Supply Chain

9mo

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