Considerations in Selling Your Veterinary Practice

We will discuss the basics of selling a veterinary practice and things to look out for before you sell. The discussion is designed to provide Veterinarians an overview of the process of selling/affiliating with a service organization and to provide some steps you can take to prepare for a sale.

1.       What knowledge will an attendee gain from this program? 

• Attendees will develop a basic understanding of the legal documents and processes involved in selling a practice.
• Attendees will be able to identify specific areas to address prior to entering into a transaction (for example, the areas of EBITDA, operating agreements, and loans) and understand the various steps needed to complete a transaction.

2.       What might they share with their fellow licensees about this program? 

• Recognize that there is more to selling your practice to a VSO than the price that will be paid to the seller. For example, attendees could tell fellow licensees that work culture and management style fit are of even greater importance than the purchase price for certain doctors.

• Develop a basic understanding of the legal documents and process involved in selling a practice.
• Identify specific areas to address prior to entering into a transaction (for example, the areas of EBITDA, operating agreements, and loans)
• Understand the various steps needed to complete a transaction.