![]() ![]() ![]() Following a Phase 1 review, the CMA has found that CVS’s acquisition of The Vet gives rise to a realistic prospect of substantial lessening of competition (SLC) in the local areas around 5 of the 8 practices acquired by CVS, in Bristol, Nottingham, Portsmouth, Southampton and Warrington.CVS refers to CVS Group plc, including its subsidiary CVS (UK) Limited, and The Vet refers to Quality Pet Care Ltd (Quality Pet Care), trading as The Vet.The CMA would then have a further 5 working days to consider whether to accept these instead of referring the case to a Phase 2 investigation.įor more information, visit the CVS / Quality Pet Care merger inquiry page. Should CVS fail to address our concerns we will refer the deal for an in-depth investigation.ĬVS has 5 working days to offer legally-binding proposals to the CMA to address the competition concerns identified. This deal could lead to customers facing more limited treatment choices for their pets or paying over the odds for services in these areas. The CMA has received a number of complaints in recent years about higher prices or lower quality services as a result of too many vets’ practices in the same area being under the control of a single company. Pets are much-loved members of millions of households across the UK and, when veterinary care is needed, it’s important that pet owners have access to a good service at the right price. ![]() This could lead to pet owners facing a worse quality of service, including more limited treatment options, or having to pay higher prices.Ĭolin Raftery, Senior Director of Mergers, at the CMA, said: While veterinary practices owned by CVS and The Vet currently compete for customers at each of these locations, the CMA is concerned that the combined businesses would not face sufficient competition after the merger. The CMA’s investigation found that the combined businesses would account for a significant proportion of veterinary services in each of these areas. While independent veterinary practices accounted for 89% of the UK industry in 2013, this share had fallen to less than half (45%) by 2021, primarily as a result of independent practices being bought by corporate groups.įollowing its Phase 1 investigation into CVS’s acquisition of The Vet, the CMA has found that the merger raises competition concerns in 5 local areas – Bristol, Nottingham, Portsmouth, Southampton and Warrington. In recent years, the ownership of vets’ practices across the UK has changed, with many practices being acquired by a small number of corporate groups, such as CVS. Recent reports indicate that there are 17 million pet-owning homes across the UK, with consumer expenditure on vets and other services for pets in the UK estimated to be around £4 billion between July 2020 and June 2021. Both firms are providers of veterinary services, with CVS Group owning 467 practices in the UK, while The Vet operates 8 practices across England. In Tennessee, GoodRx is registered as a Prescription Drug Discount Plan Operator.The Competition and Markets Authority (CMA) opened its investigation into CVS Group’s purchase of Quality Pet Care, which trades as The Vet, in December last year. In all states except Tennessee, GoodRx is considered a marketer of prescription discount cards. Please seek medical advice before starting, changing or terminating any medical treatment. Cvs nottingham professional#All data provided is for informational purposes only and is not meant to be a substitute for professional medical advice, diagnosis or treatment. All trademarks, brands, logos and copyright images are property of their respective owners and rights holders. GoodRx provides no warranty for any pricing data or other information. To find your exact price, please contact the pharmacy (and note that the pharmacy will need to process the information shown on your coupon to confirm the price.) The prices we show are our best estimate while we believe our data to be accurate, prices change frequently and we can’t guarantee that the price we display will exactly match the price you receive at the pharmacy. Most of our coupons are provided by Pharmacy Benefit Managers (PBMs), who maintain contracts with pharmacies to provide discounts. GoodRx gathers prices and discounts from multiple sources, including published price lists, drug manufacturers, claims information and data provided to us by pharmacies. ![]()
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