Veterinary Services

Comprehensive market research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:

Advanstar Communications, Inc.
DVM360
https://www.dvm360.com/

Monthly trade journal and online resource features news and information for veterinary professionals, with online content categorized by topic (e.g., news, clinical, business, expert videos, hospital design, continuing education, and conferences) and practice role (e.g., owners, practice managers, students, associates, and technicians). Selected articles from current and past issues are available free online.

Veterinary Services
https://www.firstresearch.com/

First Research profiles cover key aspects of an industry's size, scope, and operations and include a five-year growth forecast. Profile contents include:

American Animal Hospital Association
Trends Magazine
https://www.aaha.org/

Monthly magazine features news and information for veterinary practice owners and managers, with topics addressed in various issues of the magazine including industry trends, business management practices, patient care strategies, practice protocols, tips, and techniques, and article abstracts from the AAHA's professional journal. Print and digital subscriptions are available free to AAHA members.

American Veterinary Medical Association
Resources available from this organization include:

Market Research Statistics
https://www.avma.org/
Annual market research reports provide demographic statistics for veterinarians employed by private clinical practices (by species category) and public and corporate employers (by type of employer) as well as the number of board-certified veterinarians by certifying organization and certification earned. Current and prior reports and additional information on board certifications can be viewed free online.

Economic State of the Profession
https://www.avma.org/
Three-part volume provides a summary of the economic state of the profession and examines major trends in education, employment, and services, with information provided including new veterinarian income, debt, and factors affecting these measures, experienced veterinarian incomes, employment, and job market, and key statistics and trends relating to veterinary workforce, practice, and services.

U.S. Pet Ownership & Demographics Sourcebook
https://www.avma.org/
Veterinary medical use and expenditures section of this sourcebook provides detailed information on the number of visits, expenditures, services, and products provided by type of pet-owning household (e.g., dog, cat, bird, horse, and specialty and exotic). Executive summary, detailed table of contents, and detailed listing of tables and figures for each section of the publication can be viewed free online.

Industry Financial Ratios
Veterinary Services
https://www.bizminer.com  Search for "541940" to see reports for specific types of services

Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.

American Animal Hospital Association
Financial and Productivity Pulsepoints
https://ams.aaha.org/

Annual benchmarking survey allows users to compare their financial and operating performance with other firms, with data tables provided including demographics, staff, revenue, productivity, expenses, net income, and owner compensation and survey data analyzed by number of veterinarians, practice revenue, member status, and number of years in business. Table of contents is available free online.

American Animal Hospital Association
Compensation and Benefits
https://ams.aaha.org/

Annual report provides compensation and benefits information for veterinarians, managers, and staff members, with compensation data for twenty job positions reported by employment status (e.g., full- time, part-time), number of full-time equivalent veterinarians, gross revenue, and metropolitan status (e.g., urban, suburban, rural). Introduction, preface, and table of contents can be viewed free online.

U.S. Bureau of Labor Statistics
Veterinary Services
https://www.bls.gov/oes/

Annual wage survey provides hourly and annual wage data on a national, state, and local area basis for occupational job titles employed by organizations that provide health care services for companion and production animals, with services provided including routine examinations, vaccinations, surgical and non-surgical medical treatments, laboratory services, merchandise sales, and boarding services.

American Animal Hospital Association
Publications available from this organization include:

Valuation of Veterinary Practices
Lorraine Monheiser List
https://ams.aaha.org/
Valuation guide offers insight into valuation theory and process for owners and potential buyers, with content sections in this publication including the evolution of practice valuations, what to expect from the valuation process, choosing an appraiser, communicating effectively about appraisal reports, the valuation process in-depth, what to look for in a valuation report, and a practice valuation case study.

Buying A Veterinary Practice
Lorraine Monheiser List
https://ams.aaha.org/
Comprehensive resource provides guidance on finding practices for sale, defining what is being sold, information to request from a seller, analyzing the seller's information to determine whether to buy or not, structuring and negotiating a transaction, arguments the seller may raise, common errors buyers make, and obtaining financing for the purchase transaction. Table of contents is available free online.

Selling Your Veterinary Practice
Lorraine Monheiser List, Glenn Hanner
https://ams.aaha.org/
Comprehensive resource details what to do and not to do in selling a practice, with topics covered in the guide including 10 steps to increase the sales price, determining what is being sold, setting a fair price, finding a buyer, emotional side of transitioning a practice, tax implications of selling a practice, structuring the sale transaction, and selling the real estate. Table of contents is available free online.

Simmons Educational Fund
Your Veterinary Practice: Buying, Selling, and Merging
https://www.simmonsinc.com/

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, negotiating the deal, tax considerations for sellers, sales contract between the buyer and seller, and planning a successful merger. Selected excerpts including table of contents, forward, and introduction can be viewed online at Amazon.com.