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 29.9% of its 214 practices PE-backed. New Hampshire (27.5%) and Rhode Island (26.5%) follow.
Full ranking
| # | State | Practices | Independent | Corporate | PE-backed | Hiring | Top ownership group |
|---|---|---|---|---|---|---|---|
| 1 | Maine | 214 | 66.8% | 33.2% | 29.9% | 10.3% | Rarebreed Veterinary Partners |
| 2 | New Hampshire | 218 | 66.1% | 33.9% | 27.5% | 13.3% | VetCor |
| 3 | Rhode Island | 102 | 63.7% | 36.3% | 26.5% | 11.8% | VetCor |
| 4 | Massachusetts | 656 | 63.4% | 36.6% | 23.6% | 13.4% | VCA |
| 5 | Arizona | 753 | 67.1% | 32.9% | 22.6% | 12.5% | National Veterinary Associates |
| 6 | Illinois | 1,179 | 70.4% | 29.6% | 21.5% | 11.9% | National Veterinary Associates |
| 7 | Virginia | 1,016 | 70.5% | 29.5% | 20.9% | 12.8% | National Veterinary Associates |
| 8 | Colorado | 908 | 70.6% | 29.4% | 20.8% | 11.6% | Mission Pet Health |
| 9 | New York | 1,508 | 71.2% | 28.8% | 20.7% | 10.9% | National Veterinary Associates |
| 10 | Texas | 2,813 | 70.4% | 29.6% | 20.7% | 11.7% | Mission Pet Health |
| 11 | Maryland | 593 | 69.3% | 30.7% | 20.6% | 11.5% | Banfield |
| 12 | Wisconsin | 731 | 75.2% | 24.8% | 20.5% | 10.8% | VetCor |
| 13 | Connecticut | 386 | 69.4% | 30.6% | 20.5% | 11.7% | VCA |
| 14 | North Carolina | 1,239 | 70.9% | 29.1% | 20.2% | 10.8% | Mission Pet Health |
| 15 | Tennessee | 791 | 75.1% | 24.9% | 20.2% | 10.1% | PetVet Care Centers |
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.