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Questions I Should Have Asked When Selling My Veterinary Practice to a Consolidator
When it comes to practice ownership, we are living in a gilded age, or time of rapid economic growth, for many. Owners have a “bull market” of buyers from the corporate consolidator realm seeking their favor, but this is not news anymore. So many have “cashed out”...
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...
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...
Veterinary Practice Visit Checklist
At Simmons we realize that a veterinary practice visit can be exciting and sometimes overwhelming. We have compiled a checklist of items you will want to take note of while in the practice and the community. PDF of the Veterinary Practice Visit Checklist ...
The “New Normal” of Exhaustion and Reaching Capacity
As the owner of two Simmons territories, the Northwest and Midwest, my team and I cover a total of 13 states. Nearly all of our clients are telling us they are the busiest they have ever been. Many are reaching capacity. They tell us they could see more clients and...
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...
Can You See Your Veterinary Practice Exit?
By David King, DVM, CVA Simmons Southcentral Can you believe it’s 2020 and the start of a new decade? This year has always seemed so far in the future, but here it is! This new year holds new opportunities to capitalize on your hard work and sell your practice or plan...
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...
COVID19 Veterinary Practice Value Impact – The times they are a-changin’…maybe.
Doyle Watson, DVM Simmons 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...
Buying Your First Veterinary Practice – What You Need to Know
If autonomy, directing a small team, and having prospects for affluence is essential to you, then owning your own veterinary practice may be the right choice. But, buying your first practice doesn’t have to be a shot in the dark. This article highlights the most...
Should I Sell My Veterinary Practice and Real Estate Together?
There are many things to consider when selling your veterinary practice, including whether to sell the real estate along with the practice. Many owners do not think they should sell or can sell the real estate too. We hear the following reasons for this doubt. Rental...
Can You Manage Veterinary Practice Staff Expenses?
Staffing costs are one of the most significant expenses in a veterinary practice, and controlling these costs remains one of the most challenging issues for most practice managers and owners. Even in actively managed practices, it still can be a struggle to get...
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