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Selling Your Veterinary Practice – Private vs Corporate

By, David King, DVM, CVA, Simmons Southcentral – Download PDF of article: Selling Your Veterinary Practice – Private vs Corporate Just like just about anything in life, deciding to sell a veterinary practice can be made easier with a little knowledge and a little planning. Knowing your options along with the pros and cons of each […]

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 […]

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 […]

Should I Let the Buyer Work in the Practice Before the Sale?

Once a buyer and seller have agreed on a price, they are both eager to finalize the sale. Each party is ready to begin a new life. This makes the buyer extremely eager to begin working in the practice. Sometimes, the seller is happy to have the buyer help run the practice. However, there are […]

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. […]

Can Your Veterinary Practice Be Too Profitable?

By: Nikki Nitz, CPA CMA –  There is a lot of information circulating about No-Lo practices. But how about we flip the coin and talk about highly profitable practices? You would think that there should be no issue with having a higher profit percentage correct? Well, think again. A No-Lo practice is one that has […]