100 collective years of buying
and selling veterinary practices.
Buying or selling a veterinary practice is hard. We make it easier.
We are DVM's Helping DVM's
Whether you’re selling a hospital to fund your retirement or buying a practice to take the next step in your veterinary career, turn to our more than 100 years’ combined expertise to guide you through the process.
You’ve spent years building a veterinary practice that hums. You’re an expert in medicine and managing, but what about selling a practice? Do you know the ins and outs of appraisal, negotiations and contracts? Will your exit strategy be tied to how many more years you’ll work there and the financial performance on your exit?
Over the next 10 years, an unprecedented number of veterinary practices will be available for sale, as baby boomers reach retirement age. If you’re like most veterinarians, you’re counting on the proceeds of the sale to finance a large portion of your retirement. Are you sure you’re getting the optimum sale price? Do you know what your practice is worth?
Or perhaps you've spent years dreaming of owning a veterinary practice you can call your own. You’ve got the smarts and energy to shape your own destiny as a practice owner. But are you sure you’re looking at a location that is ripe for growth? Is that hospital’s cash flow high enough to justify the asking price? Is this the right kind of practice for you and the way you want to practice medicine?
How many times will you buy a veterinary practice? In our more than 100 years’ of combined experience, our sales brokers have seen a few things. We can be the consultants and experts you need as you make the biggest financial investment of your veterinary career.
At TPSG, we’ve negotiated associate buy-ins, mergers and full practice sales. We’ve represented practice sellers to corporations to get the optimum price for the hospital that represents your sweat and tears through the years. We have experienced sales brokers ready now to help you figure out what your practice is worth, what a fair contract will look like, and how your financial future post-sale might look. Or if you're looking to buy over time or are ready to purchase a practice outright right now, our team can help you get a fair price on the hospital of your dreams today.
The Total Practice Solutions Group has more than 100 years’ of veterinary practice broker experience. Our professional rules of confidentiality, proper disclosure and sensitivity help everyone involved with the emotional nature of a big transaction like this.
CASE
STUDY
How Total Practice Solutions Group helped sell a profitable veterinary practice.
THE CLIENT
A profitable veterinary practice generating $2.7 million in gross revenue and has three owners.
THE CHALLENGE
TPSG strives to achieve the best monetary offer and the most favorable exit strategy for the sellers.
THE SOLUTION
TPSG discreetly solicited potential buyers for the practice. We provided an accurate valuation of the practice and helped the sellers complete questionnaires and due diligence for each private equity company. Once the sellers decided on the buyer, we negotiated the employee contracts.
THE RESULTS
TPSG was able to negotiate a sales contract with total compensation of $9,450,000. The sellers were completely satisfied with the final sales agreement, employment compensation packages, and exit strategy.
What our clients have to say!
“Throughout the entire sales process, TPSG was there for me. Even during a pandemic, they achieved all my goals.”
- Dr. Suzy Shannon
Summerville, SC
“TPSG provided professional, attentive service. All people involved were on the ball every day and were always available to help in the process to facilitate a smooth and prompt sale. TPSG strived for and achieved the best possible deal for me.”
- Dr. Mark Salemi
Staten Island, NY
“When we began this journey, we had no idea how the Covid pandemic would impact the process. In spite of all that has transpired with the shutdowns and economic uncertainties, TPSG guided us to an ideal ending in our quest to market the practice for retirement. Everything from the offer to the closing was well ordered and trouble-free. The compensation received exceeded our expectations. And we couldn’t be more pleased.”
- Dr. R. Steve Medlock and Dr. James R. Waeltz
Bedford Veterinary Medical Centre - Bedford, IN
“TPSG provided professional, attentive service. All people involved were on the ball every day and were always available to help in the process to facilitate a smooth and prompt sale. TPSG strived for and achieved the best possible deal for me.”
- Dr. Suzy Shannon
Summerville, SC
BUYING OR SELLING A
VETERINARY PRACTICE IS HARD.
WE MAKE IT EASIER.