CMA launches IVC business merger inquiry
The CMA is investigating whether the acquisitions has or may result 'in a substantial lessening of competition'.
The Competition and Markets Authority (CMA) has launched an investigation into the acquisition of multiple businesses acquired by Independent Vetcare Limited (IVC).
Among the IVC acquisitions under investigation include Swayne & Partners Ltd, Bury St Edmunds, and Penrose Veterinary Group Limited, Colchester.
The Initial Enforcement Orders, published on the 17th of November, state that the CMA is considering whether 'a relevant merger situation has been created' and whether the situation has or may result 'in a substantial lessening of competition in any markets or markets in the United Kingdom'.
The orders also maintain that practices under investigation must carry out their business separately from IVC and maintain their separate sales or brand identity. The full list of acquisitions to be investigated is as follows:
- Penrose Veterinary Group Limited
- Kevin Castle (Pet Care) Ltd
- Swayne & Partners Ltd
- Treforest Veterinary Clinic Limited
- Mercer & Hughes Limited
- Swaffham Veterinary Centre Ltd
- Anglesey Pet Clinic Ltd
- Chiltern Equine Clinic
FIVP has shared a survey, inviting those working in independent practice to share their views on the CMA's proposed remedies.
