Key Issues: Veterinary Minority Ownership in Private Equity

Dr. Julie Simpson had put her veterinary practice up for sale, feeling burned out but not quite sure that she was ready for retirement. She received a couple of offers although they didn’t match her expectations. Then, she got another one—and this buyer put forth an...

Equity as Incentives to Corporate Veterinarians

Charlotte Lacroix, DVM, JD Veterinary Business Advisors, Inc. The current climate of the veterinary industry consists of a high demand for veterinarians with a disproportionate number of veterinarians in the job market. Both private practices and corporations are...

How to Purchase a Small Animal Veterinary Practice

Introduction When a recent graduate from veterinary school decides to purchase a veterinary hospital, plenty of steps must take place for that to happen. This may seem like a daunting task, so it is important to take things in a logical order. The following paper will...

Negotiating Lease Agreements

Imagine you’re a practice owner, and your practice currently has a 12-year history of consistently grossing $1.5 million—and is actually on track to earn upwards of $2 million this year! You have three exam rooms and three certified veterinary technicians, and you’ve...

Associate Contracts for Corporate Consolidators

As the presence of corporate consolidators in the veterinary field increases, it has become even more important to understand what to look for when negotiating an associate contract with a corporate practice. Generally speaking, corporations can have a significant...