RESPONSE TO CMA ANNOUNCEMENT-CVS GROUP PLC

RESPONSE TO CMA ANNOUNCEMENT-CVS GROUP PLC

 

Response to CMA announcement

 

 

Following the announcement by the Competition and Markets Authority ("CMA") this morning, CVS notes their decision to make a market investigation reference in relation to the supply of veterinary services for household pets in the UK.  CVS will continue to proactively support the CMA through this market investigation, as it has done consistently since the CMA first launched its market review on 7 September 2023.

 

CVS has a clear strategy with its purpose to give the best possible care to animals and its vision to be the veterinary company people most want to work for.  The Group is proud of the dedication and commitment of its colleagues in providing great care to its clients and their  animals.

 

CVS launched a new clinical governance framework in November 2023 as an industry first in the UK veterinary sector.  This clinical governance framework places contextualised care at the heart of the Group's approach to providing clients and their pets with appropriate care.  This focus is neatly reflected in the Group's approach to understanding client needs under the mantra of "what matters to you, matters to us".

 

CVS understands that the CMA market investigation commences today and will be conducted over the next 18 months and looks forward to further updates from the CMA at the appropriate time.

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