Make the best decisions for your clinic's future
person to carry on your legacy or purchase your practice.
Make the best decisions for your clinic's future
Business Transition Support
For practice owners that are looking to scale back their activities and/or transition practice ownership in the next 1-5 years, we will work with your timeline to achieve those goals. Many small (ie. 1-2 DVM) clinics struggle with transition planning because they are perceived as high-risk by consolidators due to the potential departure or retirement of the primary revenue-generating veterinarian. If you are considering a transition in the next 1-5 years, now is the time to start planning in order to maximize the number of interested parties and the value of your clinic.
Optimizing data analytics, pricing, and inventory management can improve practice revenue and earnings. Importantly, working to standardize your financial statements and utilizing the AAHA chart of accounts will convey the information that buyers look for and can maximize future practice value.
Our recruiting team can help identify veterinary candidates to allow you to reduce your clinic hours or even find a potential veterinarian interested in practice ownership. Our support can reduce your time spent on management responsibilities.
Here's how we can support your
business transition:
- Implement financial reporting to maximize practice value
- Provide operational support so that you can spend less time managing issues such as facility projects/problems, IT, financial reporting, ordering, etc.
- Advise and implement improvements in marketing, pricing, and cost of goods sold to improve revenue and profit margins
- Recruiting additional to maintain clinic revenue as you scale back your clinical role
- Work with you to identify the optimal timeline and strategy for transition including potential sale to a veterinary associate or an outside group
