Posts
Latest news and ideas
Key takeaways JAB is the ultimate owner. NVA is the operating company, and published records describe JAB as a privately held investment group controlled by the Reimann family. NVA and Ethos are distinct platforms. The 2023 separation placed general-practice operations with NVA and specialty-and-emergency operations with Ethos, while both remained connected to JAB. The contract…
Read More >>
The conversation is almost never a surprise by the time it happens. Usually there were months of signals. Fewer days. Less interest in the equipment decision. A slightly different tone about the five-year plan. Then one afternoon your partner says they are thinking about winding down, and a question you had been avoiding becomes the…
Read More >>
Key takeaways No universal percentage is defensible: the useful target depends on which profit measure you use and what the practice must fund. The numerator changes the answer: operating profit, normalized EBITDA, and net profit do not measure the same thing. Owner labor still has a cost: treating a working owner’s clinical or management work…
Read More >>
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…
Read More >>
For about fifteen years, a lot of owners ran the same plan. Hire a young associate. Bring them along. Sell them the practice when the time comes, probably on friendly terms, probably with some seller financing. Everyone wins. The patients keep their dentist, the team keeps their jobs, and the owner walks away knowing the…
Read More >>