Veterinarians and Veterinary Services

Veterinary Services
http://www.firstresearch.com
Profiles cover key aspects of an industry's size, scope, and operations, recent news and developments, industry trends, risks, and opportunities, and include a five-year industry forecast. Profiles are updated quarterly and include:


American Veterinary Medical Association
Information resources available from this organization include:

The Current and Future Market for Veterinarians and
Veterinary Medical Services in the United States
http://www.avma.org/reference/default.asp#reports
Comprehensive market study conducted by KPMG, with topics covered including key economic issues, forces and factors impacting the veterinary services market, and key business aspects of veterinary practices. Complete study is accessible free online.

U.S. Pet Ownership & Demographics Sourcebook
http://www.avma.org/reference/marketstats/sourcebook.asp
Extensive survey of the pet ownership and pet population by type of pet, with additional topics covered including veterinarian expenditures and pet owner demographics and profiles. Detailed table of contents can be viewed free online.

Reports provide in-depth industry analysis and a five-year industry growth forecast, with special focus on the underlying structure and external forces and relationships that affect an industry and its performance. Report sections include:


IRS Audit Technique Guides
Veterinary Medicine
http://www.irs.gov/businesses/small/article/0,,id=108149,00.html
Guide contents include an overview of the industry and its business practices with primary focus on accounting and tax issues. Publication is available free online.

Bureau of Labor Statistics, U.S. Department of Labor
Occupational Outlook Handbook - Veterinarians
http://www.bls.gov/veterinarians.htm
Information provided includes a description of the nature of the work, number and types of jobs, education and training, wages and earnings, employment outlook, and sources for additional information. All information is available free online.

Industry Market Research Reports
Veterinary Services
http://www.marketresearch.com  Search for specific terms or keywords
In-depth business market research reports include information on market size and market segmentation; marketing strategy; product and market forecasts; business trends, risks, and opportunities; key participant profiles; market share data; and more. Summary abstract and detailed table of contents for each market research report is accessible free online.

Industry Market Analysis Reports
Veterinary Services
http://www.bizminer.com  Search for "541940"
Industry statistics for veterinary clinics and animal hospitals include industry sales and sales trends, market size and market share by sales class, average company sales and sales per employee, staffing and employment trends, business start up activity and failure rates, and other business statistics on a national, state, and metropolitan area level. Sample market analysis reports can be viewed free online.

More Industry Research and Analysis
For more business research and analysis available from Standard & Poor's, Freedonia Group, Euromonitor, and other sources—including key business statistics, market research and analysis, and business trends and forecasts for a wide range of industries, see Industry Overview, Issues, Trends, and Outlook.


Industry Financial Ratios
Veterinary Services
http://www.bizminer.com  Search for "541940"
Five-year comparative financial statement analysis includes income statements with expense detail, balance sheets, cash flow statements, and key business and financial ratios for veterinary clinics and animal hospitals. Reports are available by sales size range, and also in small business, sole proprietor, and business start up versions. Sample financial reports with detailed financial ratio analysis can be viewed free online.

American Veterinary Medical Association
AVMA Report on Veterinary Practice Business Measures
http://www.avma.org/reference/marketstats/bus_measures.asp
Report provides current and historical trend data for key financial and performance measures, with practice revenue and net income broken out by practice size and other characteristics. Detailed table of contents can be viewed free online.

American Animal Hospital Association
Information resources available from this organization include:

Financial & Productivity Pulsepoints
http://www.aahanet.org/
Select "AAHA Store - Books and Products - Practice Management"
Survey provides productivity, revenue, expense, and income measures, with data broken out by practice revenue, number of veterinarians, years in business, and geographic location. Data can be used in conjunction with "Financial Management of the Veterinary Practice" publication also available from this organization. Table of contents for both publications can be viewed free online.

Veterinary Fee Reference
http://www.aahanet.org/
Select "AAHA Store - Books and Products - Practice Management"
Comprehensive resource provides detailed information on veterinarian fees (average, median, and upper and lower quartiles) for more than 450 services, with data organized by practice size and other factors such as community size, median household income, and more. Detailed table of contents can be viewed free online.

American Veterinary Medical Association
Information resources available from this organization include:

AVMA Report on Veterinary Compensation
http://www.avma.org/reference/marketstats/compensation.asp
Report provides professional income and benefits information for veterinarians by type of employer, with income data broken out by ownership status, practice size, experience, education, gender, and region. Detailed table of contents can be viewed free online.

Market Research Statistics
http://www.avma.org/reference/marketstats/default.asp
Market research statistics section includes information on veterinarian starting salaries, median professional income before taxes, and employment demographics by type of employer. All information is available free online.

American Animal Hospital Association
Compensation & Benefits
http://www.aahanet.org/
Select "AAHA Store - Books and Products - Practice Management"
Survey provides compensation and benefits information for full-time and part-time veterinarians and other staff members, and includes a discussion of factors that affect veterinarian compensation. Detailed table of contents can be viewed free online.

ERI Economic Research Institute
Veterinary Services and Animal Care Salary Survey
http://salary-surveys.erieri.com/
Salary survey provides compensation data for executive, management, and hourly personnel on a national and state level by company size. Complete listing of job positions included in the survey and sample pages for selected job positions are accessible free online.

Bureau of Labor Statistics, U.S. Department of Labor
Occupational Outlook Handbook - Veterinarians
http://www.bls.gov/veterinarians.htm
Information provided includes a description of the nature of the work, number and types of jobs, education and training, wages and earnings, employment outlook, and sources for additional information. All information is available free online.


American Animal Hospital Association
Information resources available from this organization include:

Valuation of Veterinary Practices
Lorraine Monheiser List, CPA
http://www.aahanet.org/
Select "AAHA Store - Books and Products - Practice Management"
Topics covered include a discussion of various valuation methods, detailed example of how a practice is valued, insights on how practice management decisions can affect value, selecting and working effectively with appraisers, and guidelines for evaluating an appraisal report. Table of contents can be viewed free online.

Buying A Veterinary Practice
Lorraine Monheiser List, CPA
http://www.aahanet.org/
Select "AAHA Store - Books and Products - Practice Management"
Publication provides guidance on finding practices for sale, getting and analyzing a seller's information, obtaining financing for the purchase, common errors buyers make, and arguments a seller may raise. Table of contents can be viewed free online.

Selling A Veterinary Practice
Lorraine Monheiser List, CPA
http://www.aahanet.org/
Select "AAHA Store - Books and Products - Practice Management"
Publication takes readers through the sales process, including setting a price, selecting a qualified buyer, negotiating a deal, structuring a sale, and understanding tax implications. Table of contents can be viewed free online.

Veterinary Practice Sales Group
Articles About Buying and Selling a Practice
http://www.vpsg.com/  Select "Resources"
Topics covered include practice pricing considerations, determining a practice's worth, factoring in the real estate value, using a broker, common seller mistakes, and more. All articles are available free online.

Simmons & Associates
Your Veterinary Practice - Buying, Selling, and Merging
http://www.simmonsinc.com/home/book.php
Publication provides guidance on buying, selling, or merging a practice, with topics covered including valuing a practice for sale, selling to an associate or partner, seller tax considerations, and more.

Small Business Valuation Formula Multiples
Veterinary Services
http://valuationresources.com/Misc/ValuationMultiples.htm
Report provides small business valuation formula multiples for veterinary services and more than 200 other industries. Valuation multiples are derived from market transactions as reported by BIZCOMPS®, with the primary focus on small companies priced at less than $1 million.

BVResources
BVR's Industry Transaction & Profile Annual Report on Veterinary Practices
http://www.bvresources.com/bvstore/RecommendedBookList.asp
Annual publication includes an industry profile, five-year financial analysis, pricing rules of thumb, and actual deal data from sales transactions. Table of contents containing additional descriptive information and identifying data sources can be viewed free online.




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