Clinic business

FTC Veterinary Clinic Rule Warns Against Private Equity

By Bruce Sokler and Tinny Song (June 16, 2022, 5:07 p.m. EDT) – We’ve seen indications that antitrust law enforcement agencies have targeted private equity deals for particular scrutiny. Earlier this week, the first shoe fell.

Private equity firm JAB Consumer Partners SCA SICAR and its subsidiary National Veterinary Associates Inc., or NVA, have reached a settlement agreement with the Federal Trade Commission to resolve the FTC’s investigation into the proposed acquisition of SAGE Veterinary Partners LLC by NVA.

The consent agreement requires JAB to divest veterinary clinics in California and Texas, a remedy that received unanimous approval from all five FTC commissioners. However, in a partisan 3-2 split, the regulations also impose a…

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