PM07 - CANCELLED - Practice Value: Corporate vs Private Buyer - Why Are Values Different?

Tuesday, February 21, 2023

8:00 AM – 8:50 AM

Location: Breakers K, Level 2

Earn 1 CE Hours

Presenter(s)

Michael D. Hargrove, DVM, MBA, CVA (he/him/his)

Valuation Analyst
Summit Veterinary Advisors
Duluth, MN, United States

Handouts

Moderator(s)

Cris Chilelli, CVPM

Regional Operations Director
VCA MVH
Goodyear, AZ, United States

With corporate entities buying practices at higher-than-usual multiples, there can be confusion about what a practice is worth, or what it should be worth to different types of buyers. This session will address the differences between buyers and why a practice may legitimately be worth a wide range of values, depending on the buyer.

Learning Objectives:

Discuss value concepts and the factors that impact value
Different buyers in the veterinary market and their characteristics
Standards of value and why they matter and impact the price
The financing of practice sales and the role debt plays in practice value