In this episode, Rich Lester joins us to discuss exit plans, practice sales, transitions, and market changes and opportunities. Rich is the Co-CEO of Ackerman Group, where he uses his extensive experience to help guide veterinarians through selling their practices and structuring deals that work for them.
Listen in to hear Rich break down what has happened to the veterinary landscape over the last few years and what the rapid changes mean for many practices. He gives his insights into what those who may want to exit the space can do to transition smoothly into the current and upcoming market. Rich also sheds light on the different stages of practice ownership and how they advise vets to navigate where they are in their practice—and when they should sell.
Listen to the Full Episode:
What You’ll Learn In Today’s Episode:
- How rapid changes in the veterinary space could affect our view and participation in this arena.
- His thoughts on what could happen in the next few years and what you might expect for publicly traded vet services.
- How typical valuations are done and what they can tell you about the current market.
- Several effects of inflation and interest rates on practice sales.
Resources In Today’s Episode:
- James Yost: LinkedIn | SignatureFD
- Travis York: LinkedIn
- Rich Lester: LinkedIn
- Ackerman Group
- Veterinary Practice Partners
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Disclosure: Travis York is the owner of Three and One Vet Advisors and a partner of SignatureFD. Three and One Vet Advisors is a veterinary consulting and strategic planning firm of which SignatureFD has no involvement or ownership. James Yost is a partner and wealth adviser at SignatureFD. SignatureFD is an investment adviser registered with the U.S. Securities and Exchange Commission. Three and One Vet Advisors and SignatureFD are not affiliated. Mr. York provides all non-investment advisory services through Three and One Vet Advisors. The opinions of the guests and the contents of this podcast are intended to be educational only and should not be relied upon as investment, tax, business, or planning advice. You should consult with a professional advisor prior to taking any course of action that may impact you or your business.