After a whirlwind week in Orlando, Matt & Kia discuss what they learned at the Veterinary Meeting & Expo (VMX), including what buyers are looking to purchase veterinary practices and how multiples are expected to change in the next year.
Attending industry events like Veterinary Meeting & Expo (VMX) provides veterinary practice owners with invaluable insights. After participating in this year’s VMX, we gathered key observations that can significantly impact your decision-making process regarding the sale of your practice. Let’s dive deeper into the main takeaways: Strong Buyer Interest for 2023: One of the standout […]
In this video, we discuss why it is important to start thinking about selling your practice well before you are ready to retire since waiting can negatively impact your valuation and the practice’s price. Learn why planning well ahead makes sense and is in everyone’s best interest.
Veterinary practice owners often believe they can only sell their practice when they are ready to retire. However, selling your practice and retiring at the same time can create challenges in the sales process. Most buyers, especially corporate or private equity groups, prefer a three-year transition period where the seller stays on to maintain continuity […]
When considering the sale of your veterinary practice, many owners compare their situation to peers who sold in the past at high multiples. However, the market has changed significantly over the last few years. During the COVID-19 pandemic, veterinary practices experienced a boom, leading to unprecedented valuations of up to 19x earnings before interest, taxes, […]
Losing an associate impacts veterinary practice owners in a variety of ways. Enormous demand and a shortage of DVMs is putting many vet clinics around the country in dire situations. Even if this hasn’t hit your practice, you can bet that your associates are getting several job offers a month, and this type of outside […]
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