Practice sales news

Updates on veterinary practice sales

April 25, 2020

Covid-19 and The practice economy

Covid will have a dramatic effect on the veterinary economy. The Lockdown will produce cashflow problems, especially for those practices without the cash assets to get through. The future may also look bleak with the UK/world economy becoming deeper into debt. The 2008 recession may seem like a single sneeze compared to the pneumonia of […]
October 1, 2019

Practice Sales Market – Autumn 2019

Brexit combined with the reluctance of corporate to continue paying excessively high prices continues to suppress the sales market. The exception is in Northern Ireland where there is a demand for practices from the major corporates. Practices with high turnover and good profits will still command very good prices if printed well, both financially and […]
February 1, 2019

Taken from CVS Announcement to the stock market – Jan 2019

CVS Acquisitions Further to the Trading Update issued on 29 November 2018, the Group completed the acquisition of three further practices in the first week of December 2018, for combined consideration of £5.0m. No further acquisitions have been made since that time. The Group believes that acquisition multiples being sought by practice owners are increasingly […]
November 5, 2018
FORSALE?Screenshot 2018-11-05 10.40.15

The % of SA Practices still operating independently

Latest figures indicate that the corporate sector now own 65% of all Small Animal practices. Their rate of purchase is now slowing due to 1. The numbers remaining 2. The shortage of vets. The result is they are far more selective in their purchases, tending to avoid the smaller units and going for the remaining […]