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Want to Buy a Practice? The Devil is in the details

David King, DVM CVA – Simmons Southcentral Dave Gerber, DVM CVA – Simmons Northwest Ownership‘s “Big Stick One of my heroes of history, Theodore Roosevelt, once said “Speak softly but carry a big stick” and I liken that somewhat to practice ownership. There is just no substitute for carrying that ‘Big Stick.’ There are many […]

Ten Critical Steps to Increase Veterinary Practice Value

David B. Gerber, DVM Simmons Northwest Larry McCormick, DVM, MBA, CBA Simmons Mid Atlantic Not long ago, a 70-year old owner of a $1.5 M grossing practice said to me that he was thinking of selling his veterinary practice to an associate, hopefully within the next six months. Further, he believed his practice was worth […]

Do You Have a Low-Value Veterinary Practice and Not Even Know It?

David B. Gerber, DVM, BA Simmons Northwest Larry McCormick, DVM, MBA, CBA Simmons Mid-Atlantic Over the past several years practice appraisers and brokers have become aware of a growing and disturbing phenomenon in our profession. There has been an increase in the number of practices with values substantially lower than would be expected. Since practice […]

Veterinary Practice Ownership Options ~ What Are My Choices?

David King, DVM, AVA ~ Simmons Southcentral Dave Gerber, DVM, AVA ~ Simmons Northwest What Is Your Mindset? In the private practice arena, there are, essentially, three career choices, those being associates, relief DVMs, and owners. Each requires a different mindset. Not everyone can or even has a desire to become a veterinary practice owner. […]

Optimizing Practice Profit – Part II: Grow Revenue

ACVO Practice Management Program Dick Goebel, DVM – Simmons Great Lakes 2008 Click here for PDF — Optimizing Practice Profit – Part II: Grow Revenue This article was originally posted on www.simmonsinc.com. Any reproduction on any other site is prohibited and a violation of copyright laws.

Optimizing Practice Profit – Part One

ACVO Practice Management Program Dick Goebel, DVM — Simmons Great Lakes 2008 Click here for PDF — Practice Profit – part one This article was originally posted on www.simmonsinc.com. Any reproduction on any other site is prohibited and a violation of copyright laws.

How Well are You Doing? $$

Dick Goebel, DVM – Simmons Great Lakes 2008 – ACVO Practice Management Program Click here for PDF — How Well are You Doing – D. Goebel, DVM This article was originally posted on www.simmonsinc.com. Any reproduction on any other site is prohibited and a violation of copyright laws.

Optimizing Practice Value

Speaker Notes from ACVO Practice Mangement Progam Dick Goebel, DVM — Simmons Great Lakes 2008 Click here for PDF — Optimizing Practice Value – D. Goebel, DVM This article was originally posted on www.simmonsinc.com. Any reproduction on any other site is prohibited and a violation of copyright laws.

Will Your Practice be One that Sells or Gets Passed Over – PART 2

Stanley R. Creighton, DVM, Diplomate, ACVIM, Internal Medicine CEO, National Veterinary Associates, Inc. & Dick Goebel, DVM President, Simmons Great Lakes There is a direct relationship between practice value, the magnitude of the adjusted net earnings and the risk factors associated with the practice. The value of the practice is determined by the following formula: Adjusted […]

WILL YOUR PRACTICE BE ONE THAT SELLS OR GETS PASSED OVER; PART 1

Stanley R. Creighton, DVM, Diplomate, ACVIM, Internal Medicine CEO, National Veterinary Associates, Inc. & Dick Goebel, DVM President, Simmons Great Lakes Who Are the Buyers? It was not that long ago that the typical transition of ownership occurred when a young associate joined a practice, worked there a few years and then bought into the […]