PM05 - What Is Your Practice Worth?

Sunday, February 19, 2023

5:00 PM – 5:50 PM

Location: Breakers K, Level 2

Earn 1 CE Hours

Presenter(s)

Karen E. Felsted, CPA, MS, DVM, CVPM, CVA (she/her/hers)

President
PantheraT Veterinary Management Consulting
Richardson, TX, United States

Handouts

Moderator(s)

Gary L. Delfino, BA

Consultant/Practice Manager
Delfino Veterinary Consulting inc.
Roseville, CA, United States

Practice value is large driven by profitability but value (or really price) is also dependent on who you are selling to. This session will focus on:
o What the terms price and value mean
o Differences in price/value depending on who you are selling to (another veterinarian vs corporate groups)
o What kind of financial analysis/advice do you need when selling
o How profitability is defined by different appraisers/buyers
o Areas to focus on in increasing value

Learning Objectives:

Define the differences between practice value and price and between profitability and EBITDA
Understand how profitability is calculated by different kinds of buyers
Discuss areas to focus on in improving practice value