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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

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Defra shares new Sanitary and Phytosanitary guidance

News Story 1
 Defra has published guidance for the vet sector ahead of a proposed UK-EU Sanitary and Phytosanitary agreement.

The agreement, which will change the movement and trade of animals and related products, could see reductions in checks, paperwork and certification. As well as describing regulatory developments, the advice highlights the importance of animal ID, registration and traceability in disease control and other compliance arrangements.

The guidance can be found here. More detail is expected as negotiations progress. 

Click here for more...
News Shorts
Lords Committee opens Pet Parasite Medication inquiry

The House of Lords Environment and Climate Change Committee will launch its inquiry into Pet Parasite Medication (PPM) on Wednesday (3 June).

Focusing on treatments containing fipronil and imidacloprid, the inquiry will seek to understand distribution pathways and the impacts of PPM use and non-use on biodiversity and human health. It will also cover current regulation, monitoring, and the potential implications for pets and their owners.

The committee will hear evidence from environmental non-governmental organisations and research institutes. The public can follow the proceedings live on Parliament TV or in person in the Palace of Westminster.