Anthony J.’s Post

M&A activity continues across the veterinary services sector, driven by trends in categories such as boarding and grooming, general practice, urgent care, and emergency/specialty practice. Our Q1 brief shares insights and trends across veterinary services segments and demand drivers attracting investor interest in the space: https://lnkd.in/eizXNb4t

What deals are coming to market? Answering this question is the bread and butter of what we do at Mergermarket. This scoop from Iñaki (Spain), Min (private equity, also known as PE), Rachel (PE and healthcare) and Christel (healthcare) is a great example of our collaborative news coverage. As well as relying on the networks and investigative skills of our reporters, the article also uses a predictive algorithm to deepen the story. The version after the jump has been released from our paywall to our public site. Please check it out!

I’m sure I’m not the only professional to have an interest here and that many PE sponsored law firms are watching this unfold with baited breadth. I attempted to watch several presentations but clearly the theme here is very clear. The FTC and multiple other branches of government are taking a deep dive into the merits and negatives derived from when PE is involved with provider based businesses. This initiative will be of utmost interest as the provider sector consists of over 750 platforms not including dental and veterinary medicine. There is a lot at stake and implications will likely be far reaching. I suspect there will be much to learn from this workshop and the follow ups with more insights to follow.

Investment strategies that matters alot. It’s not only important that we are investing to create wealth and earn interest or dividends on it. It is imperative to know why are we investing, what are the fundamentals we are looking for?? What are the baselines of investment? What are your underlying portfolios/ assets? An investor contributes scanning a futuristic stock for economic growth and prosperous agenda. Give a perspective to an idea, wisdom and holistic approach to rise economically and mutually. An excellent article to read and understand the perspective behind investment. #Myfinancelessons #investmentstrategy #investors #diligence

This is the worst kind of #corporatefeudalism, excessive & highly #extractive #rentseeking combined with poor #quality #service. Boost #returns by loading up on #debt, raising #prices, lowering #investment(except to roll up more practices). They don’t even have the cover of #lawsuits or a high #regulatory burden. Purely excessive #rentseeking and the type of #pseudocapitalism which gives real #capitalism (#value creating) a bad name.

Colleagues and Friends, it is my pleasure to launch and introduce you to Wicklow Healthcare Advisory If you, or someone you know, is contemplating selling or buying a veterinary hospital, dental practice or medical practice, now or in the future, please consider Wicklow Healthcare Advisory—your trusted partner in healthcare business transitions. In our first blog post, you'll learn: ✅ Who we are and what we stand for ✅ How we help sellers and buyers of veterinary hospitals, dental practices, and medical practices ✅ The comprehensive services we offer, from sell side advisory to buyer representation ✅ Why Wicklow is your go-to partner in healthcare business transitions Read the full article here: https://lnkd.in/eVeTRuQs Stay tuned for more insights, tips, and updates from the healthcare business world. #HealthcareBusiness #WicklowHealthcareAdvisory #BusinessSuccess #HealthcareIndustry #BuySellHealthcare #BusinessValuation #Veterinary #Dental #Healthcare

𝐑𝐞𝐚𝐝𝐲 𝐭𝐨 𝐮𝐧𝐥𝐨𝐜𝐤 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐟𝐫𝐞𝐞𝐝𝐨𝐦 𝐚𝐧𝐝 𝐩𝐚𝐯𝐞 𝐭𝐡𝐞 𝐰𝐚𝐲 𝐭𝐨 𝐚 𝐦𝐨𝐫𝐞 𝐛𝐚𝐥𝐚𝐧𝐜𝐞𝐝 𝐥𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞? 👌 𝑻𝒉𝒆 𝑽𝒆𝒕𝒆𝒓𝒊𝒏𝒂𝒓𝒊𝒂𝒏'𝒔 𝑮𝒖𝒊𝒅𝒆 𝒕𝒐 𝑷𝒂𝒔𝒔𝒊𝒗𝒆 𝑰𝒏𝒗𝒆𝒔𝒕𝒊𝒏𝒈! 📈💰 In the fast-paced world of veterinary medicine, we understand the demands and commitments that come with caring for our beloved furry patients. But let's talk about securing your financial future while doing what you love! 𝐖𝐡𝐲 𝐕𝐞𝐭𝐞𝐫𝐢𝐧𝐚𝐫𝐢𝐚𝐧𝐬? 🤔 Because we know the dedication and passion you pour into your work every day. However, relying solely on veterinary practice income might not provide the long-term financial stability you deserve. That's where passive real estate investing comes in! 🏢💼 In our comprehensive guide, we'll show you how to diversify your income streams and unlock financial freedom through strategic real estate investments. 👉 Say goodbye to financial uncertainties and hello to a more secure future! 𝐘𝐨𝐮𝐫 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐭𝐨 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐟𝐫𝐞𝐞𝐝𝐨𝐦 𝐬𝐭𝐚𝐫𝐭𝐬 𝐡𝐞𝐫𝐞! 🌟

You've worked hard to build your business legacy and planning for the future of it is just as important. Your business legacy is not a building, it's the lives you build and impact inside the walls of your business, community, and home. It's the residue of what you leave from what you've built. The last few years, I've had countless conversations with veterinary hospital owners who had to walk away from their practice completely at alarming rates. I spoke with yet another at a conference recently. Due to unexpected economic changes, not planning ahead, and having no viable buyers, they couldn't sell. Whether exploring retirement, stepping back, or planning for the future of your veterinary practice, we want to help you properly prepare, giving your legacy the time and attention it deserves. It's hard to run your business and do it alone so Legacy Veterinary Advisors is here to help. We offer: -Practice Valuations -Consultative/Advisory Services -Practice Sales Support -Transition/Exit Planning -Helping you align with culture-fit buyers Legacy Veterinary Advisors Zach Pittman

How would you respond? Disclaimer: I do not judge ANY colleague who has sold their practice to a consolidator! I blame the consolidators. This is MY opinion about MY practice! I am the owner of an 8 doc (5.5 FTE) small animal general practice. I have owned it for 31 years and this May I will have worked here 34. I live in the same zip code as my practice. My predecessor and mentor lived in our town and owned the practice from 1953 until I purchased it in 1992. He purchased the records from the widow of a vet who graduated in 1918 and came to live and work in our town in 1936. I have not poured my heart and soul into this practice in the hopes of cashing in on some huge windfall although I have assumed it would fund a comfortable retirement. My kids are brilliant and will find their own way in life. I will gladly assist them financially if I am able but I don't see it as an obligation as I invested heavily in their foundation including just spending TIME with them, coaching their sport teams... I have workaholic tendencies because I LOVE what I do but I only worked 80 hour weeks early on so that I could start hiring other vets and ensure none of us would have to work more than 40 - EVER again. I am solicited on a daily basis by corporate vet med, M&A specialists and private equity investors. There was a time (3 decades ago) when I thought joining practices together to lower the cost of doing business by consolidating tasks that need to be done but don't need to be done at the practice level. I thought consolidating practices would allow us to manage and elevate the standard of care to keep everyone practicing at the highest level and do so while keep the cost of care fair and reasonable. Silly me! What has happened is that investors see a cash cow and treat vet med like a 7-11, ignore standard of care ("because we don't do medicine doc! We leave culture alone and medicine up to the doctors"), oppress the care givers in every possible way, forget about the fact that we are treating living beings and that the outcome of what we do is important and they do all of this in the name of profit first. I left out that after doing all of this for 3 decades and contributing significantly to the root cause of mental health issues in our profession, they throw a website url at their people packed full of "mental health resources" and stand in the spotlight claiming to care about their people! So....NO I will not sell to a consolidator. Even if you find me the PERFECT MATCH to my culture and legacy, I will not sell to a consolidator because other than MARS who sits at the top of the pyramid, the goal is to sell to the next bigger group. Back to the question I asked at the start. I recently modified my response from "not interested" which typically is interpreted as "Not interested today but feel free to ask my again tomorrow" to this: If you happen to come across my obituary, feel free to reach out to my kids! Do you think that's clear enough?

I was born and raised in Omaha, so I know very well that a farmer with a 10,000-acre farm couldn't take on a multinational 100,000-acre farming conglomerate. The same goes for independent physicians. They are powerless against the might of private equity and large healthcare firms. And in the same way that family farmers need the support of a co-op and of high-end equipment, individual physicians need access to the best tools, the broadest network, and strongest possible community to succeed. To turn back the tide in their favor, they need the power of numbers: a physician network and a community of practitioners. That’s why my co-founder and I started Independent Health Alliance, or IHA: to give a diverse group of specialties and associated physicians what they need - the latest tools, structured support from other doctors, and independence from private equity and other large entities. Doctors who participate in IHA no longer have to wave goodbye to 25% of every PE-owned dollar as it goes out to investors. Instead, they can keep that money to deliver better - even free - care to their patients. It’s time to use the power of numbers to fend off the entities that keep doctors from delivering great care.