Top 7 Advantages of Working With A Corporate Group

August 19, 2015

In the past several decades the United States has experienced an upward-trend of corporate acquisition of private veterinary practices, and there is good reason for this trajectory. The advantages of a corporate buyer include capital, business know-how and strong support teams, and bring great value to the practice of veterinary…

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Innovetive Petcare Featured in Vet-Advantage Magazine

August 18, 2015

  Innovetive Petcare was featured in the August 2015 issue of Vet-Advantage magazine.  Below is an excerpt from the article: Innovative Petcare Innovetive Petcare is focused on creating the nation’s premier network of veterinary specialty and emergency hospitals, says Mark Ziller, president and CEO. “Since we launched at the end of…

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AESC Participates in Clinical Trial of New Canine Lymphoma Drug

July 22, 2015

Animal Emergency & Specialty Center has been selected to participate in the clinical trial of Aratana Therapeutic’s new canine lymphoma drug. AESC is the only hospital in the region selected to participate in the clinical trial. AESC’s oncology department is headed by Dr. Jeffrey Phillips, DVM, MSpVM, Ph.D., DACVIM, who…

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How Does Debt Impact Clinic Valuations?

June 14, 2015

Veterinary clinics are usually sold on a “debt-free” basis, meaning that when a clinic is sold, at a minimum any interest-bearing debt (such as bank loans, credit cards and capital leases) is deducted from the selling price. Example: A clinic is valued at $1,500,000 and has $300,000 of debt. The…

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Myths and Misconceptions about Clinic Valuations

May 14, 2015

Until the mid-1990’s, it was common for veterinary practices to be valued according to their revenue. One often-cited approach was to value a clinic using a multiple of revenue, such as 75% or 100% of revenue. For example, a clinic with $1,200,000 of revenue valued at 100% of revenue would…

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When is the best time to sell?

April 9, 2015

Even with the benefit of hindsight it might not be possible to known exactly when the best time to sell would have been – and certainly none of us has a crystal ball to know the perfect future time to sell. However, we can offer some general suggestions about timing…

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The Impact of Real Estate on Clinic Valuation

March 20, 2015

It is common for practice owners to also own the clinic’s real estate (the land and the building). In these cases, the buyer will typically purchase this real estate as part of the overall practice purchase, or enter into a lease with the seller, allowing the practice owner to continue…

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Dr. Mitch Rosenzweig Joins Innovetive Petcare’s Senior Management Team

January 26, 2015

Innovetive Petcare, Inc., is pleased to announce that Dr. Mitch Rosenzweig has joined its management team as Vice President of Veterinary Operations, bringing his years of proven experience and invaluable expertise as a veterinary practitioner and clinic owner. Dr. Rosenzweig is a highly respected veterinarian and entrepreneur who has successfully…

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Innovetive Petcare Acquires Knoxville’s Leading Emergency / Referral Hospital

January 23, 2015

Innovetive Petcare, Inc., announced today the acquisition of Knoxville, Tennessee based, specialty veterinary hospital Animal Emergency Specialty Center (AESC). AESC becomes the first subsidiary of Innovetive Petcare, Inc., a veterinary hospital operator led by animal health industry executives Mark Ziller, CEO and Paul Covill, Vice President. AESC is the leading…

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Prospect Partners Funds Innovetive Petcare

January 20, 2015

Prospect Partners, LLC, a leading private equity firm, today announced that it has funded Innovetive Petcare, Inc., a new veterinary hospital operator led by animal health industry executives Mark Ziller, President and CEO, and Paul Covill, Executive Vice President. Seasoned veterinary executives, Mr. Ziller and Mr. Covill have worked closely…

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