Some private equity firms invest in several veterinary consolidators as a group or separately. In most cases, the hospitals are not rebranded, and therefore clients and employees are not usually aware who owns a business at a particular time. Consolidation of the industry has been a common trend in the business world, and veterinary has not been spared. The veterinary market structure during consolidation, move toward fewer businesses with larger shares as owners aim to gain economies of scale. The strategy gives the owners higher returns on their investments through improved efficiency, lower costs, and technological advancement. states that consolidators achieve value from the economies of scale through improved labor efficiency and by eliminating duplicate services in finance, inventory keeping, marketing, and human resource management. Due to the lowered operational costs, the veterinary hospital can afford to reduce its service costs, consequently obtaining a significant market share. The consolidators also save money by buying products and services in bulk at discounted prices.