Canada: Concern over corporate ownership
Date postedAugust 10, 2022
Canada: concern over corporate ownership
As more corporate chains are buying up owner-operated dentistry, optometry and veterinary clinics, concern has been raised about the varied levels of reaction by the regulatory colleges. Disclosure of ownership is one area of concern, arguing that the patient deserves to know who the majority owner is rather than allowing the corporate owner to maintain the clinic's independent branding. Conflict of interest is another concern if a clinic is owned by a company that also manufactures prescribed medical equipment which may then be prescribed even if a competitor's equipment is more appropriate for the patient. Discussions have stalled about reforms to address regulatory colleges' legislated authority over companies.