Veterinary Contracts: Pitfalls & Traps

Introduction to the Employment Contract The goal of an appropriately drafted employment contract is to establish an understanding between parties. It should include the reasons that the parties are entering the contract, the rights and obligations of each party, the...

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

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 competing to attract and maintain veterinarians at their...

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...