Rise Of High-End Veterinary Practices Coincides With Retail Bankruptcy Wave

As the number of animal healthcare facilities in the U.S. has grown in recent years, more spaces vacated amid a wave of high-profile retail closures are going to the dogs.

Operators behind new facilities are looking for sleek, high-tech spaces that are more reminiscent of human healthcare spaces than the homey converted residences that used to define pet healthcare. It`s a response to a new generation of pet owners with increasingly rigorous veterinary care expectations.

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RSK: This has happened in the Greater Madison area. Certain Vet clinics were bought out by private equity firms and went corporate. This made them more profit oriented rather than pet care coming first. In turn, certain Veterinarians left that corporate culture and started their own clinics. This also increased the number of clinics in the area and in turn forcing better quality care. I happened to be part of the real estate transactions for these.