State report

State of Vet Care in Minnesota

As of July 2026, Minnesota has 627 veterinary practices tracked; 24.7% are corporately owned , led by Banfield with 21 in-state locations . 75.3% of practices remain independently owned , and 12.0% are actively hiring .

Key takeaways

  • 627 veterinary practices tracked in Minnesota, of which 24.7% are corporately owned.
  • 17.5% of practices in Minnesota are private-equity-backed.
  • Banfield (owned by Mars) leads all consolidators operating in the state with 21 locations.
  • General practices make up 83.1% of the state's practice mix.

Consolidation by city

At a glance

627
Practices tracked
75.3%
Independent
24.7%
Corporately owned
17.5%
PE-backed

12.0% of practices in Minnesota are actively hiring.

Ownership breakdown in Minnesota

Ownership type Practices Share
Independent 472 75.3%
PE-backed 110 17.5%
Corporate group 45 7.2%
National ownership-type breakdown, stacked by share Independent: 75.3% (472 practices) PE-backed: 17.5% (110 practices) Corporate group: 7.2% (45 practices) 75%18%7% Independent (75.3%) PE-backed (17.5%) Corporate group (7.2%)

Top consolidators operating in Minnesota

Ranked by in-state locations. See the full national leaderboard on ownership & consolidation statistics.

# Group Ultimate owner In-state locations Share of corporate practices
1 Banfield Mars (Strategic) 21 13.5%
2 Heartland Veterinary Partners Gryphon Investors 20 12.8%
3 Lakefield Veterinary Group Demairis Family & Peloton Cap 17 10.9%
4 Mission Pet Health Shore Capital Partners 14 9.0%
5 National Veterinary Associates JAB Holding Company (Strategic) 12 7.7%
6 Blue River PetCare Partners Group 11 7.1%
7 VCA Mars (Strategic) 10 6.4%
8 VetCor Harvest Partners (Strategic) 10 6.4%
9 Vetco (Petco) Petco (Public) 9 5.8%
10 CareVet Compass Group Equity Partners (Private Equity) 6 3.8%

Practice-type mix

Type Practices Share
General 521 83.1%
Mixed 30 4.8%
Specialty Referral 26 4.1%
Mobile 21 3.3%
Emergency 15 2.4%
Urgent Care 13 2.1%
Telehealth 1 0.2%

Species mix

Segment Practices Share
Small Animal 452 72.1%
Mixed 143 22.8%
Equine 19 3.0%
Exotic 7 1.1%
Other 3 0.5%
Food Animal 3 0.5%

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Frequently asked questions

How many veterinary practices are in Minnesota?

As of July 2026, VetPulse tracks 627 veterinary practices in Minnesota.

What percentage of veterinary practices in Minnesota are corporately owned?

24.7% of veterinary practices in Minnesota are corporately owned — part of a consolidator, private-equity-backed group, or public company — while 75.3% remain independent.

Who is the largest veterinary consolidator in Minnesota?

Banfield (owned by Mars) is the largest veterinary consolidator operating in Minnesota, with 21 in-state locations.

What share of veterinary practices in Minnesota are hiring?

12.0% of veterinary practices in Minnesota are actively hiring, based on live job-signal data.

Every figure above is queried live from our practice-level dataset — see the methodology for how ownership is triangulated from multiple independent sources. Compare Minnesota against every other state on the ownership & consolidation statistics page, or browse the rankings.