People are pampering their pets like children. That is one of the reasons veterinary businesses are attracting private-equity firms
town of Thirsk, two-and-a-half hours by rail north of London, has become a magnet for fans of James Herriot, the fictionalised Yorkshire vet, just as London’s Kings Cross, from where the train leaves, is for Harry Potter lovers. Herriot, modelled on the life of his creator, the late vet-turned-author Alf Wight, was made world famous in the 1970s by a series of books, films and a television series.
, an acronym for profits that not many vets know. In Britain and America independent veterinary practitioners used to buy a share in a business by paying, say, two times annual, which they could then sell on at retirement—usually to younger colleagues. Now bigger vet firms, with plenty of venture-capital firepower behind them, buy the partners out for, say, five to eight times. Once the acquiring corporation is big enough it, too, can be sold, probably for multiples ofin the mid-teens.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chick-fil-A's fried fish sandwich is returning to menus for LentChick-fil-A's fried fish sandwich is returning to menus for Lent 2019.
Read more »
Opinion | Larry Hogan shouldn’t wait too long to jump inOpinion: Larry Hogan shouldn’t wait too long to jump in
Read more »
It’s not the blackface, it’s the flip-flop: Herring explains call for Northam’s resignationThe Virginia attorney general explains why he urged Gov. Ralph Northam to step down despite his own blackface history.
Read more »
Puppy weighing six pounds dies after vets find nearly 50 short ribs in his stomachVets don't know if the pup was fed the bones deliberately, or gobbled them up while rooting through garbage.
Read more »
'Progress is possible — and it’s happening.” Top female executives offer perspectives on women in the workplaceIBM CMO Michelle Peluso led a discussion among top women executives about women in the workplace, the progress we've made, and where we go from here.
Read more »
Here’s what happened when our wine critic opened a bottle of Playboy redWINE | Could it possibly be any good?
Read more »