VPN Plus+ ExclusiveSeeing the light in selling to 'the dark side'March 29, 2024Four years ago, I did something that surprised me—I sold my practice to “the dark side,” a veterinary corporation. I never intended to do this, as I had heard so many negative comments about the problems of selling to the corporate world. Below are details about my journey that include issues I’ve never heard anyone else share about selling a practice to a corporation and continuing to work for the purchaser.
SPONSORED CONTENTYour Parasite Protection Recommendation, SimplifiedManaging parasite prevention doesn’t have to be complicated. Discover a single solution that protects against multiple threats. + Learn More
VPN Plus+ ExclusiveHow to Keep Your Lifestyle After Your Practice's SaleDecember 22, 2022has worked within the veterinary community since 2014. He and his team at Florida Veterinary Advisors help associates, practice owners, and their teams find the next In this session: Thomas Seeko, CExP, FINRA Series 7 and 66, addresses the impacts of just trying to live only on the practice sale proceeds, and the interest-only retirement plan. He will also cover how your income relies on the market, as well as a strategy to find a better balance in how you will save now and spend money in retirement.
The pre-exit process to sell my practiceNovember 4, 2021Today, there are a record-amount of veterinary practices selling to corporations
Do you know what to consider when selling to a corporate company?November 4, 2021Selling to corporate companies is becoming increasingly common. There are many considerations, such as how long you will remain part of the clinic, as well as the team.
How a fixer-upper practice might be just what the veterinarian orderedMay 2, 2019It's tough out there for buyers of veterinary practices and it seems to be getting worse. Every year, a few new investors and/or corporate consolidators call me looking to spend way too much money on two-plus doctor practices. So how can you, the young, ambitious associate, compete for one of these? You can't, unless you get lucky enough to find a seller morally opposed to corporate veterinary medicine, or who likes you well enough to give up $500,000 to $1,000,000-plus on the asking price. Thankfully, there's another way. If you're willing to live in a smaller town, you could find a true gem of a clinic with little competition from other buyers. Alternatively, if you start thinking like an investor and look for a poorly performing clinic, you could build it into your dream practice. The marketplace is flooded with underperforming clinics, their owners anxious to find a buyer like you, particularly if they are retiring and want to solidify a succession plan. In this article, I'll focus on what you need to know when buying a fixer-upper with real upside potential. I'll also offer tools on how to spot and fix the most common issues that can drain …
How to sell your practiceMay 10, 2018The decision to sell a practice is hard enough—and often tied with emotion. The transition can be spurred by various factors, including retirement, managerial overload, career redirection, or professional burnout, to name a few.
