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Why Are There So Many Veterinary Corporations?

Why Are There So Many Veterinary Corporations?

Over the last decade, the number of veterinary corporations has absolutely skyrocketed. Depending on where we cut off the definition of “corporate”, by our count there are at least 60+ veterinary corporations operating in the US, and more are cropping up. Just this week while scrolling through LinkedIn, I came across two new veterinary groups … Read moreWhy Are There So Many Veterinary Corporations?

Where Have All the Veterinarians Gone? Part 2 of 2: Finding Answers

As your vet partner, in my opinion the profession’s response so far to this crisis has been “too little, too late”. Given the significant lead time that it takes to expand the veterinarian workforce, the recent efforts to increase the number of accredited veterinary medical schools and increase class sizes at existing schools will not … Read moreWhere Have All the Veterinarians Gone? Part 2 of 2: Finding Answers

Where Have All the Veterinarians Gone? Part 1 of 2: The Problems

There is an acute and growing crisis of access to veterinary care in the United States. This access crisis is being driven in large part due to a shortage of providers (veterinarians), although we will also discuss in this article how a parallel shortage of nursing care (credentialed veterinary technicians) is compounding this issue. The … Read moreWhere Have All the Veterinarians Gone? Part 1 of 2: The Problems

Improving EBITDA at Your Veterinary Practice

In my last blog post we discussed the financial metric EBITDA and how it has become the core metric in contemporary veterinary practice sales. The rise of this metric as the barometer for the equity value of veterinary ownership raises a logical question:  How does one improve EBITDA at their veterinary practice?  As Earnings Before … Read moreImproving EBITDA at Your Veterinary Practice

What’s the deal with EBITDA?

Anyone who has explored the process of buying or selling a veterinary practice in the last couple of decades has likely encountered an acronym that isn’t taught in most veterinary medical schools: EBITDA “Multiple of EBITDA” has become the prevailing core metric by which veterinary practices are valued, largely supplanting other measures such as “Multiple … Read moreWhat’s the deal with EBITDA?