Veterinary practice ownership is evolving, and with it, the conversations owners are having around growth, financial planning, and the future of their practices.
In this episode of The Advisor’s Table, Brian sits down with Cain Watters and Associates financial planner Julie Denham to compare notes on what they’re seeing in the veterinary space from team retention, equipment costs, private practice ownership trends, and corporate consolidation. This conversation highlights takeaways from a recently attended veterinary conference and what they learned from the veterinarians and industry professionals they met along the way.
Key Takeaways for Healthcare Business Owners:
- Corporate consolidation exists in the veterinary space. Private equity has continued to become interested in veterinary post COVID.
- Evaluate and grow your business as if you are going to sell. Pay close attention to revenue and costs so you are building a stronger business whether your goal is continued growth or an eventual transition.
Why This Matters for Healthcare Business Owners
Whether you’re a veterinary practice owner today or simply interested in where the industry is headed, this conversation can give you a fresh perspective on the business of owning a veterinary practice.