Most PE-Backed States
US states ranked by the share of veterinary practices backed by private equity.
Among states with at least 50 tracked practices, Maine has the highest private-equity presence, with 24.0% of its 208 practices PE-backed. Massachusetts (20.8%) and New Hampshire (20.7%) follow.
Full ranking
| # | State | Practices | Independent | Corporate | PE-backed | Hiring | Top ownership group |
|---|---|---|---|---|---|---|---|
| 1 | Maine | 208 | 74.0% | 26.0% | 24.0% | 10.6% | Rarebreed Veterinary Partners |
| 2 | Massachusetts | 650 | 65.5% | 34.5% | 20.8% | 13.5% | VCA |
| 3 | New Hampshire | 217 | 68.7% | 31.3% | 20.7% | 12.9% | AmeriVet |
| 4 | Rhode Island | 99 | 68.7% | 31.3% | 20.2% | 12.1% | NVA |
| 5 | North Carolina | 1,257 | 69.7% | 30.3% | 19.6% | 11.4% | Banfield |
| 6 | Connecticut | 377 | 72.7% | 27.3% | 19.1% | 12.2% | VCA |
| 7 | New York | 1,492 | 72.3% | 27.7% | 18.0% | 11.3% | NVA |
| 8 | Georgia | 1,116 | 73.3% | 26.7% | 18.0% | 11.9% | Mission Pet Health |
| 9 | Illinois | 1,161 | 71.1% | 28.9% | 17.6% | 12.1% | NVA |
| 10 | Arizona | 760 | 65.7% | 34.3% | 17.6% | 13.0% | NVA |
| 11 | Texas | 2,842 | 71.0% | 29.0% | 17.2% | 12.0% | Banfield |
| 12 | Maryland | 587 | 70.2% | 29.8% | 16.7% | 12.6% | Banfield |
| 13 | Colorado | 954 | 70.8% | 29.2% | 16.6% | 12.1% | NVA |
| 14 | Utah | 267 | 69.7% | 30.3% | 16.5% | 13.5% | VCA |
| 15 | South Carolina | 612 | 76.6% | 23.4% | 16.3% | 11.4% | Mission Pet Health |
Every figure on this page is queried live from our practice-level dataset. See the methodology for how ownership is triangulated from multiple independent sources. See all rankings on the rankings hub.