Veterinary Practice Appraisals

Practice valuation requires insight into the veterinarian

profession, financial expertise and business know how.

The practice appraisal is a detailed process that establishes a determination of value for a practice at a specific point in time. The majority of Simmons & Associates client services involve the transfer of ownership of a practice’s assets, so the practice appraisal is an important initial step. The following client services are based on the practice appraisal:

• veterinary practice sale transactions
• associate buy-ins
• partnership buy-ins
• merging two practices

 

While performing veterinary practice appraisals for transaction purposes remains the primary reason for appraisals, there are other non-asset transferring reasons which require a practice appraisal. These include:

• tax court disputes
• legal procedures—marital dissolutions, partnership disputes, etc.

 

Lastly, a rapidly expanding use of practice appraisals is for veterinary practice management and various strategic planning programs. Because the practice appraisal assesses the profitability of the veterinary practice and the risk associated with the practice’s ability to maintain the profitability, the practice appraisal is recognized as a superior management tool and is an integral component of several management related programs such as:

• exit strategy planning
• monitoring the efficiency of long-range planning programs
• measuring the veterinary practice’s ability to create value.

 

To receive a practice appraisal, please click here to choose your region.