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Stock Volatility and Consolidator Veterinary Practice Price

By, Joe Stephenson, Simmons Northeast – If you have any money in the stock market, your heart probably jumped as volatility returned. Historically this would have some, but not a significant, effect on veterinary practice sale prices, but with the emergence of a robust marketplace of consolidators, the rules changed for practices big enough to […]

Laboratory Service Agreements – Know the nuances behind your signature

Written by: Doyle Watson, DVM, Simmons  Southeast – The great majority of today’s small animal practices operate their lab services with an out-sourcing company under a formal service agreement. Unfortunately for many however, we see that the practice signatory is often unaware of the ingredients of the contract and the significance of their signature. It is […]

Exit Planning – 10 Things Not To Do!

While every veterinary practice ownership transaction is different, after over 100 successful transactions we have noticed a few common pitfalls and traps for the owner/seller. Whether your exit is imminent or 15+ years from now, here are a few to watch out for on your path forward, a list of what not to do. Give […]

Improving Veterinary Practice Value at the Employee Hiring Stage

Jim Connelly, CEO and Founder of Org Ex, uses the science of human behavior to assist business owners with their hiring decisions. Mr. Connelly has conducted over 2,000 behavior based interviews which are interviews designed to predict the future behavior of an applicant based on their past behavior. The interview techniques are commonly used by […]

Veterinary Practice Profitability Trends and Tips

By: Kirsten Poppen, JD, CVA, Simmons Midwest – You’re proud of your practice and with good reason. You have an attractive facility, a well-trained staff, newer equipment, and a solid client base. Overall, yours is a comprehensive, client-oriented practice. Yet perhaps you have concerns that your bottom line profits aren’t where you’d like them to […]

The Cost of Technology in Veterinary Practice

By: Joe Stephenson, MA – Simmons Northeast – As a veterinary business appraiser and broker I see droves of young veterinarians reared on cutting edge technology, hungry for practices thoroughly equipped with blinking lights and high resolution screens. I also see practice owners sink all of their earnings into new gadgets just before they retire. […]