Veterinary Practice Valuation Calculator
Corporate veterinary consolidators are paying record multiples for independent clinics. See what your practice could sell for today.
M&A Outlook for Veterinary Clinics
Industry Insight: Veterinary Clinics
Veterinary medicine remains one of the most resilient and highly-valued healthcare sectors. Corporate consolidators look for multi-doctor practices to mitigate "key-man risk." If your clinic relies entirely on you as the sole producing veterinarian, your multiple will take a significant hit due to owner-dependency.
Owner Dependency Kills Deals
Across all industries, including veterinary clinics, if the business cannot run without the owner present, it is considered highly risky. Private equity firms and corporate buyers will drastically reduce their offers (or walk away entirely) if you hold all the client relationships and operational knowledge.
Asset Sale vs. Stock Sale
When structuring a deal, buyers heavily prefer Asset Sales because they avoid the unknown legal liabilities of the past company and get to step-up the tax basis of the assets for depreciation. Sellers usually prefer Stock Sales because the proceeds are taxed at the much lower long-term capital gains rate. Prepare to negotiate this critical point during your transaction.