Papaya Veterinary Care’s Post

Valuations in the Vet industry have been a bit of a roller coaster the past few years. The pandemic drove multiples to the highest point we have seen due to the demand it created and resilience of the business observed by investors. In 2022 with interest rates climbing we saw multiples come back down in early 2023. Over the past 6 months we are again seeing positive trends.

Are you thinking of selling your veterinary practice? Get a deeper understanding of current veterinary market trends: ✅ The valuation bubble in 2021 led to high prices. ✅ Timing matters – align your readiness, performance, and market. ✅ Solo practices are in demand. ✅ Get a pro broker for the best deal. Read more in our latest blog post: https://lnkd.in/gKDTVczu . . . #VeterinaryTrends #VeterinaryIndustry #VeterinaryIndustryTrends

PS BROKER spilling the beans about Veterinary Market Trends. Contact Brandy and her team Ashton and Cassie to learn how they can help you navigate your exit strategy #veterinarypractice #veterinaryhospital

Ready for the WVC Vet congress in Vegas next week?🐾 𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐨𝐮𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐛𝐥𝐨𝐠 on the European veterinary market insights! GrowthMedics assisted numerous veterinary manufacturers with their expansion in European equine and companion markets. Let's connect at the WVC show to discuss your opportunities. 🌐The European vet market is not just doing well, but it's worth a whopping USD 11.4 Billion in 2024! 📈 Market Trends: From telemedicine adoption to preventive care focus, explore the dynamic trends shaping veterinary healthcare in Europe. 🚀 𝐁𝐨𝐨𝐤 𝐚 𝐦𝐞𝐞𝐭𝐢𝐧𝐠 with us at the WVC show: [https://buff.ly/3XnxmuA] Viticus Group - Animal Health (Formerly WVC) to discuss expansion opportunities in the European veterinary market. 📖Discover more in our latest blogpost: [https://buff.ly/3vPKTC0] #VeterinaryHealthcare #WVC2024 #GrowthMedics

Empower your veterinary practice with AcuroVet 3.2.0! Our newest release introduces significant improvements to Prescription History and Refill processes. Find out more in our latest article: https://lnkd.in/gPxS4HB3

In Q4 2023, global revenue growth for veterinary hospitals was 8.4%, with invoice counts up by 3.6%. Despite this, rising labor and benefits costs are squeezing margins. Check out our analysis of financial data from over 500 Veterinary Management Groups - VMG member hospitals and our actionable recommendations to consider. #veterinary https://bit.ly/3Krakxx

The CMA has launched a formal market investigation into the veterinary sector, and will now be able to use its formal market investigation powers to gather evidence and determine what remedies may be necessary to address its concerns. Read our full article on this development below 👇 #vetsector #competitionlaw #CMA #marketinvestigation #update

Interesting news out of the U.K. this month that could eventually influence how regulators in the U.S. and other countries look at competition within the veterinary space. The U.K. Competition and Markets Authority (CMA) has proposed an investigation of the country's veterinary sector, claiming the agency's initial six-month review revealed "multiple concerns" that could be undermining competition. One of those concerns is high ownership concentrations. Nearly 60% of U.K. veterinary practices are owned by consolidators. The CMA identified 330 postal codes where a corporation owns at least two primary care practices and has at least 30% market share, and another 804 postal codes are areas with one practice and no competitors. How do you think this could impact consolidation in the U.S.? https://bit.ly/3TM6KUj

Planning to list your veterinary property? There are some key points you need to know before you sign the agreement! 📝 Terravet is here to guide you through the process and protect your interests 🐾 ➡️ Read our latest blog article to find out more… https://lnkd.in/eEVQBenS #VeterinaryRealEstate #ListingAgreement #VeterinaryRetirement #RealEstateListing