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Veterinary Practice Sales Education Center

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Buying a Practice

Questions to Consider Before Start-Up

Thinking of starting your own practice?  The idea of starting your own practice can be exciting and overwhelming at the same time.  Dick Goebel, DVM, AIBA, has created a list of questions to consider before starting your own practice. View the document here: Questions to Consider Before Start-Up

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Questions to Consider Before Associate Position

Dick Goebel, DVM, AIBA Simmons Great Lakes For a PDF of document, click HERE: Questions to consider before associate position_Goebel

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Ownership Options ~ What Are My Choices?

Western Veterinary Conference 2008 (speaker notes) David King, DVM, AVA ~ Simmons Southcentral Dave Gerber, DVM, AVA ~ Simmons Northwest For a PDF of this article,  click here – Ownership Options_What Are My Choices What Is Your Mindset? In the private practice arena, there are, essentially, three career choices, those being associates, relief DVMs, and [...]

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The Veterinary Inventory Management Guide

Byron Farquer, DVM, AVA Simmons Pacific & Southwest Inventory is the second largest expense in the veterinary practice, next to the cost of labor. It often consumes 20% or more of gross revenue and, left unchecked may swell to considerably more. Profitability becomes a challenge when large expense categories are not constrained to appropriate benchmark [...]

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Economics 101

Byron Farquer, DVM, AVA Simmons Pacific Click here for a printable PDF ~ Economics 101 – Byron Farquer DVM, AVA Economics 101. What a misnomer. It implies that there is something meaningful achieved by completing a few weeks of study or a syllabus regarding general information surrounding supply/demand issues or the monetary system we all [...]

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Do I need a separate attorney?

David McCormick Simmons Mid-Atlantic For a PDF of this article, Click Here ~ Do I Need a Separate Attorney? Q: Do I need a separate attorney? A: We frequently hear folks asking questions about legal representation and attorneys along the lines of: My friend/sister/cousin is an attorney- I can work with them, right? We work [...]

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Purchasing Medical Records – Do They Have Value?

David King, DVM – Simmons SouthCentral WHY BUY MEDICAL RECORDS? “Why should I buy them when I can get them for free?” is the routine question we hear. True, if a practice closes its door, you will get SOME of the records for free, but not all, unless you are the ONLY other practice in [...]

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Measuring Demand for Veterinary Services

Texas Veterinary Medical Association Dick Goebel, DVM – Simmons Great Lakes 2007 Click here for PDF – Measuring Demand for Veterinary Services   This article was originally posted on www.simmonsinc.com. Any reproduction on any other site is prohibited and a violation of copyright laws.

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Avoiding the Pitfalls and Train Wrecks of Buying or Selling a Practice?

David B. Gerber, DVM, BA Simmons & Associates Northwest, Inc. David F. King, DVM, BS Simmons & Associates Southcentral, Inc. INTRODUCTION The path to buying or selling a practice is often a bumpy one. It requires patience, fortitude, intelligence and most importantly, knowledge. Inevitably, every practice transaction will run in to some sort of pitfall. [...]

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Financing Options

David B. Gerber, DVM, BA Simmons & Associates Northwest, Inc. David F. King, DVM, BS Simmons & Associates Southcentral, Inc. WHO IS THE BUYER? Who is buying practices? We see a few recent grads, but they are often restricted by borrowing limitations. The largest pool is those out of school 3-10 years. Neighboring practice owners [...]

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