NEW BOOK HELPING VETERINARIANS WITH BUYING OR
SELLING A PRACTICE LAUNCHES AT WESTERN
“Your Veterinary Practice ~Buying, Selling and Merging”
Edited by Dr. Byron Farquer and Dr. Larry Wiseman
Las Vegas – February 2006 — Dr. Farquer and Dr. Wiseman with Simmons & Associates, a company specializing in providing customer care and business counsel in veterinary real estate, announced the release of their new book entitled, “Your Veterinary Practice. Buying, Selling and Merging” at the Western Veterinary Conference in Las Vegas today.
Aimed at helping veterinarians with buying or selling a practice, the book was written and edited by two veterinary practice experts at Simmons & Associates who have gathered and documented many issues facing veterinarians today. With collected case studies from 29 years in the making, these experts have collected comprehensive information to veterinary practice sales, purchases and mergers.
For decades, veterinarians have been buying and selling practices without a comprehensive guide. Veterinarians have often relied on friends and outside professionals with critical choices in business. With this new book, veterinarians can rely on proven information and helpful tips when looking to sell to an associate, buy a new practice or simply retire. The book also goes in-depth on how to start up a practice, buy a pre-existing practice and an introduction to mergers and acquisitions.
The book explores important questions like, “What type of practice do you want to buy and what is your current financial situation?” and “What is your management style and what is most important to you when selling your practice?”
“Most veterinarians are engrained with myths such as only corporations can buy million dollar practices and that you need a large down payment to buy a practice,” says editor Dr. Byron Farquer. “We know the common misperceptions and deal with them everyday. That’s why Dr. Wiseman and myself, with Simmons & Associates, felt it was important to document and create a guide to help veterinarians nationwide.”
With funding help from the Simmons Educational Fund and published by Adagio Press, the book is currently available for $36.95. For more information on how to purchase the book, please visit www.simmonsinc.com
About the Executive Editors
Dr. Byron Farquer
With a portfolio of experience that includes hospital ownership, business and realestate education, and academic honors, Dr. Byron Farquer offers insightful advice to clients who are buying or selling practices. He has received training in accounting, business practices, appraisals, business assessment, and corporate management. Dr. Farquer holds veterinary licenses in California, Montana, Colorado, and Wyoming, as well as real-estate licensing.
Dr. Larry Wiseman
With 20 years experience as an owner of a small animal practice, Dr. Larry J. Wiseman shared his business knowledge with many veterinarians. A past president of the Colorado Veterinary Medical Association, Dr. Wiseman also serves as editor of the award-winning CVMA Voice Newsletter. He is a charter member of the Association of Veterinary Practice Management Consultants & Advisors. Dr. Wiseman earned his doctorate in veterinary medicine from Washington State University. He is a licensed real-estate broker in Colorado and Montana and a
licensed veterinarian in Colorado.