Fountain Report Excerpts December 20, 2022

Fountain Report Excerpts
  1. A new report from Veterinary Integration Solutions analyzes nearly 50 corporate groups buying or building veterinary hospitals. It provides a breakdown by categories such as financing sources, number of locations and geographical area of operations, practice acquisition eligibility criteria and type of partnership agreement. Fifteen veterinary groups have been added to the latest report. Based on open-access data, at least 661 veterinary hospitals have been consolidated this year, including acquisitions of corporate-owned practices by other consolidators.
  1. The VIN Foundation announced the seventh annual Solutions for the Profession Competition, which asks veterinary students to suggest innovative solutions to challenges facing the industry. This year’s competition asks participants to examine the future of teaching hospitals. Until 2010, only a few veterinary schools operated a distributed clinical education model, having students receive their clinical training at other schools or private practices rather than in a university teaching hospital. In the last decade, several new schools have adopted this model. Competition entrants are asked to address the positive or negative aspects of this shift and explain what they think is best for the future of the profession. Three entrants will win cash scholarships.
  1. A new study commissioned by the Animal Health Institute details the growth of the animal health industry over the past three years and documents the value and role that companies that produce animal medicines play in the U.S. economy. With nearly $14 billion in sales of medicines at home and abroad, the U.S. animal health industry directly supports 24,094 jobs and accounts for more than $1.6 billion in wages and $1.5 billion in taxes, according to the report. Animal health products also contribute to the economic activity of other industries such as veterinary services, animal production, meat and dairy production, and pet services.

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