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If you are considering an exit in 2026, understanding your true veterinary practice valuation is the single most critical step before engaging with buyers. While revenue gives you a baseline, institutional acquirers base their offers on normalized EBITDA and competitive market multiples. In this guide, we break down exactly how to calculate your clinic’s worth…
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The question usually arrives by email, late in the evening, with a link pasted underneath it. “Is this the kind of thing I should be looking at?” The link goes to a PDS Health page about practice ownership. The honest answer is no, not for what he is actually asking. PDS Health does not buy…
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Here is the conversation I have had more times than any other, and it never starts with insurance. An owner tells me production was the best it has ever been. Full schedule, team held together, an extra day of hygiene. Then he says the part that actually brought him to the call. His take-home was…
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An owner emailed me in June. The subject line was three words: “Aspen offer question.” There was no offer. There was never going to be one. No. Aspen Dental does not primarily buy existing independent dental practices. It grows by opening brand-new offices and putting dentists into ownership of those offices. If you want to…
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What multiple of EBITDA do veterinary practices sell for? In 2026, most independent veterinary practices sell for a multiple of 5x to 8x their normalized EBITDA. However, larger, highly profitable multi-doctor clinics generating over $1.5 million in annual revenue can command premium multiples of 9x to 12x or higher from private equity consolidators. The exact…
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