In a group presentation, ‘like’ practices are packaged to increase the total EBITDA presented to a potential buyer. For most consolidators, this can be a very effective way to consider a large number of clinics in a cohesive and synergized fashion, and for others new to the space, it can create an instant foot-hold in a strategic marketplace. Platforms of veterinary consolidators sell for higher valuations than individual practices, so by creating a cohesive group of clinics, we are essentially doing the same. As a result, additional value is attributed to the group given the level of attractiveness and the increased amount of EBITDA available for sale.
It’s important to note that, although your practice may be part of a group sale, you will still receive an individual Letter of Intent (LOI). You will also receive personalized Purchase Agreements, Employment Agreements, and related documents, all of which we help to negotiate based upon your specific needs.
Some practice owners prefer to be marketed individually, or they might not have the time and patience for a group process; we are happy to accommodate this request. This can be a perfect choice for those practices that are on a unique journey for growth, partnership or outright sale.