Unraveling the Mystery of Practice Appraisals
This article was co-authored by David King, DVM, CVA and Kate Owens, DVM, MBA, CVA. You might be surprised to learn this truth, but practice value is NOT a function of gross revenue. Rather, two main components create practice value. One is profit and the other is risk/desirability. Most valuations are done to arrive at […]
Simmons Educational Fund Names UGA Student the Winner of the National Business Aptitude Award
Simmons Educational Fund‘s 2024 National Business Aptitude Award was presented during the Veterinary Business Management Association’s (VBMA) 2024 annual conference at the Caribe Royale Resort in Orlando in January. SEF’s largest annual student award–$30,000–was presented by Simmons Southeast’s Vice President of Sales Carly Watson Tobler to University of Georgia College of Veterinary Medicine third-year student […]
The Worth of Buying a Practice
Is it worth it for veterinary practice associates to buy a practice? Simmons & Associates, Sean Coyle, breaks down the dollars and cents of owning a practice versus continuing to work as an associate veterinarian. Are you an associate interested in buying a veterinary practice? Contact us to start your journey and find your freedom!
Don’t Be Caught Off Guard
When you’re ready to retire, will you be retirement ready? You don’t have to be caught off guard. Learn the five steps you can take now to position you for a successful sale.
$15,000 Awarded to Virginia – Maryland College of Veterinary Medicine Student
Simmons Educational Fund – Committed to Investing in the Next Generation of Veterinarians The Simmons Educational Fund (SEF) honored Sara Beth Dodson, a student at the Virginia – Maryland College of Veterinary Medicine, with the prestigious SEF National Business Aptitude Award. Sara was selected as the SEF’s 2019 Business Aptitude Award winner where her resume […]
Simmons Educational Fund (SEF) Announces 2021 Winner of the $35,000 SEF National Business Aptitude Award
The SEF National Business Aptitude Award is bestowed annually to a winner selected from veterinary schools throughout North America. Since its inception in 2002, SEF has donated over $1 million to the veterinary profession. Simmons Educational Fund has selected its winner for the 2021 SEF National Business Aptitude Award, now in its nineteenth-consecutive year of […]
The Veterinary Practice Leaders Most Important New Year’s Resolution!
Wilson W. McManus II, DVM CVPM-Simmons & Associates MidSouth – Every year without exception, normally just after the first of the year, the pricing increase letters start rolling in from most of the major pharmaceutical companies, pet food manufacturers and other various suppliers of the veterinary items that we sell to clients to keep their […]
The Unexpected Effect of PPP Loans on Practice Financials has Gone Viral
The first quarter of 2020 proved to be similar in most regards to the preceding quarters of 2019 marked by economic growth, low unemployment, and strong financial markets. That changed suddenly with a disease caused by a coronavirus, termed Covid-19, following its origin and then international spread from Wuhan, China. The international community issued a […]
Q&A With the Simmons Experts – COVID19 Veterinary Practice Value Impact
You Asked, We Answered! Dr. King and Nikki Nitz answer the questions you are asking about the impact of COVID19 on the value of your veterinary practice! Have more questions? Contact your regional Simmons advisor, we are happy to discuss your practice and answer your questions. Over a month into the pandemic shutdown, have you seen […]
COVID19 Veterinary Practice Value Impact – The Times They Are A-Changin’…Maybe.
Doyle Watson, DVMSimmons Southeast The value of something we wish to own is typically based upon the future benefit we expect from owning it. We can expect no benefit from the past. That has been enjoyed by the previous owner. We can, however, determine the previous benefit provided to its current owner and project that […]
