Health Care & Hospital Law,
Antitrust & Trade Reg.
Jun. 30, 2022
PE firm must divest before $1.65B acquisition of vet clinics
“For the second time in a month, the FTC is taking action to prevent private equity firm JAB from gobbling up competitors in regional markets that are already concentrated,” Holly Vedova, director of the Board of Competition, said in a Federal Trade Commission news release.
The Federal Trade Commission on Wednesday ordered a private equity firm in the process of a $1.65 billion acquisition of veterinary clinics to divest some of its holdings in the San Francisco area.
JAB Consumer Partners, a holding company based in Luxembourg and Washington D.C., recently announced plans to acquire Ethos, the owner of several specialty and emergency veterinary clinics throughout the U.S.
“For th...
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