FTC chair discusses veterinary trends at AVMA economic meeting
Commission is finalizing rules on noncompete agreements, assessments of mergers and acquisitions
By Malinda Larkin
Published: 21 November 2023
Federal regulators are keeping a close eye on competition among veterinary service providers with the Federal Trade Commission’s focus on noncompete agreements, mergers, and private equity acquisitions.
Federal Trade Commission (FTC) Chair Lina Khan addressed these topics to open the beginning of the AVMA Veterinary Business and Economic Forum on October 24.
"Time after time, we've been hearing from veterinarians about how various trends in the industry, including consolidation and financialization and the proliferation of noncompetes, may be undermining the business of veterinary services and making it more difficult to provide quality service," Khan said. "And, so, we've been hearing from you all and wanted to make sure we were getting a chance to engage directly."
Khan was appointed FTC chair in June 2021. Prior to heading up the FTC, she was an associate professor of law at Columbia Law School. She also previously served as counsel to the House Judiciary Committee's Subcommittee on Antitrust, Commercial, and Administrative Law, where she led the congressional investigation into digital markets; legal advisor to FTC Commission Rohit Chopra; and legal director of the Open Markets Institute.