Keiter Advisors Insights: Veterinarian Practice M&A After COVID-19

Posted on June 22, 2021

Best Practices Selling Vet Practice


Interest in the veterinary sector has remained robust as the U.S. emerges from the pandemic.  Current market conditions have some veterinarian practice owners considering their exit alternatives.

Private equity, attracted to the fragmented nature and recession resilience of the industry, has been steadily investing in larger “platform companies” over the last several years and is hungry to consummate acquisitions.  Additionally, industry revenues withstood the COVID-19 pandemic and are continuing to expand. We believe industry acquisition activity will remain robust for the foreseeable future as interested sellers seek a large pool of acquisition-hungry buyers.  It’s important for sellers to understand the components of what is driving value in this environment.

Table of contents

  • Positive Industry Performance
  • Year-Over-Year Revenue
  • Buyer Universe & Transaction Types
  • Key Considerations in Determining Value in a Practice Today – Beyond EBITDA
  • Latest Keiter Advisors Transaction


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