Medivet reportedly going to auction for £1bn
Medivet manages around 300 branches and twenty 24-hour clinics in the UK.
HSBC has been appointed to oversee the process.
Veterinary chain Medivet is reportedly 'putting itself up for sale' for around £1b.
According to Sky News, HSBC has been appointed to oversee the auction process, which is expected to begin in the coming weeks.
‘Sources said there were was likely to be substantial interest from bidders because of the opportunity to continue consolidating what remains a fragmented industry,’ the report adds.
‘The potential for expansion into European markets is also likely to be a focus for an eventual buyer.’
Medivet manages around 300 branches and twenty 24-hour clinics in the UK. The firm has been partially owned by Inflexion Private Equity since 2016.
Medivet has been contacted for comment
Two independent vets have launched a podcast to help owners strengthen their bond with pets. Dr Maggie Roberts and Dr Vanessa Howie, who have worked in both veterinary practice and major charities, are keen to use their experience to enable people to give pets a better life.
