The documents, provided to VetSurgeon by a whistleblower from within IVC, reveal the company's plans to stop issuing prescriptions and replace them with a new Pre-Scription service.
IVC Pre-Scriptions will include:
VetSurgeon understands that Pre-Scriptions will be charged at £85.68
The whistleblower also shared a draft public price list which the company is said to be preparing in anticipation of the CMA’s proposed requirement for practices to publish pricing information online.
The leaked price list includes entries for first consultations, repeat consultations, out-of-hours consultations, nurse consultations, nail clipping, anal gland expression, microchipping, animal health certificates, primary and booster vaccinations, kennel cough vaccination, pet care plans, prescription and dispensing fees, dental work, neutering procedures, physiotherapy, laser therapy, diagnostic imaging, blood tests, euthanasia and cremation.
At first glance, many of the prices shown in the draft appear surprisingly low.
Among the figures listed are:
First consultation: £5
Repeat consultation: £4
Nurse consultation: £3
Nail clipping: £1
Anal gland expression: £2
Microchipping: £2
Booster vaccination: £2
MRI scan (per body part): £7
CT scan (per body part): £6
VetSurgeon contacted Intrepid Veterinary Care for comment.
Company spokesperson Dr Flora Olip MRCVS said the group was “committed to embracing the spirit of transparency while continuing to innovate in client experience”.
She said: “The proposed CMA remedies create an important opportunity for veterinary businesses to present pricing clearly and consistently. We believe pet owners deserve not only transparent pricing, but also choice.
“The Pre-Scription offer is not a prescription fee.
"It is a wider premium service built around documentation, presentation and client convenience, within which a prescription may be provided.”
The leaked document also included indicative pricing for procedures not listed on the CMA-mandated price list, including TPLO surgery, which is listed at 'fixed cost price' of £4,475,000.26.
IVC was formed in 2011, the result of a merger of several independent veterinary hospitals. Under the leadership of David Hillier, and with backing from Summit Partners in 2014, it grew to over 300 practices before being acquired by the Swedish EQT Partners in January 2017.
In August last year the company merged with Evidensia Group, another veterinary corporate group with practices around Europe, bringing the total to more than 850 clinics and hospitals in eight countries.
EQT has reportedly now instructed Jefferies Investment Bank to auction the business in the first week of November.
No word yet on where the auction will take place. If you go, be careful not to scratch your nose at the wrong moment ("1.7 billion from the gentleman at the back. Yes, that's YOU, Sir.").