Veterinary Consolidation public
[search 0]
Download the App!
show episodes
 
Artwork

1
Consolidate That!

Consolidate That!

Unsubscribe
Unsubscribe
Monthly
 
Hosted by Dr. Ivan Zak and Ryan Leech, Consolidate That! focuses on critical corporate topics in the veterinary business. The episodes center on improving clinical care, customer and employee experience, combining proven processes with modern technology, and ways to expand shareholder value using clear performance metrics. Find beneficial knowledge that you can apply in the rapidly growing veterinary consolidation market.
  continue reading
 
Join James Yost and Travis York on the VET Worthwhile podcast as they provide resources and insights for veterinarians to learn how to leverage your wealth, maintain a healthy work-life balance, and build a worthwhile legacy — all while keeping focused on what matters most to you. Tune in every other Wednesday for the latest VET Worthwhile episode as James and Travis take you through the journey of building a ‘Grow, Protect, Give, and Live’ financial blueprint for your business and your life ...
  continue reading
 
Loading …
show series
 
In this episode, we’re joined by long-time veterinarian and comedian, Dr. Mike McClenahan. He is the creator of The Bowtie Vet Guy YouTube channel and cohost of the Vets Unleashed podcast. Mike shares his inspiring story on merging comedy and his veterinary world and talks about why he thinks humor is so important. You can find show notes and more …
  continue reading
 
Time management is something many of us try to navigate and improve on throughout our lives and careers, but it can be hard to get a proper grip on how to do it most effectively. In this episode, Dr. Scott Weinman, veterinarian and host of the Vets Unleashed podcast, joins the show to share his passion for time management and the science behind it.…
  continue reading
 
In this episode, CEO of Highpoint Healthcare Advisors, Cameron Cruz, joins the show to discuss the insight he gained from working with veterinary and health professionals in the consolidation arena. He offers some considerations on creating a win-win situation at both ends of a sale and making it a smooth transition for everyone. You can find show …
  continue reading
 
In this episode, Dr. Megan Sprinkle joins us to shed light on what it can take to break away from the well-worn path to create a career that you’re passionate about. You will glimpse Megan’s veterinary career and the curiosity that drove her into the veterinary space and beyond. She offers her insights into how you can shape your career in imaginat…
  continue reading
 
We often talk to our clients about the four wealth activation pillars: Grow, Protect, Give, and Live. In this episode, we dive into the basics of the Protect pillar and the more modern, cutting-edge, and riskier elements we believe need to be considered. Joining the conversation today is Rod Finnegan, the owner of Vetinsure – an independent insuran…
  continue reading
 
In this episode, Tony Welch, Chief Investment Officer at SignatureFD, joins us for an update on market trends and conditions for 2024. He shares his insights on what happened in 2023 and how they could affect us this year. If you’re looking at the next year and wondering how to plan for the instability and inflation, this episode may be for you. Yo…
  continue reading
 
There’s a lot of important work going on when it comes to the development of preventative care and life-extending medicine. In this episode, we’re joined by a special guest who shares their insight into newly approved life-extending pharmaceuticals. Dr. Brennen McKenzie is the director of veterinary medicine at Loyal, a biotech company in San Franc…
  continue reading
 
In this episode, a long-time veterinary industry partner and our friend Jimmy Dorough joins the show. Jimmy works with Patterson, serving around 100 hospital owners in the Atlanta metro market. As someone in and out of hospitals talking to team members and owners daily, Jimmy truly has a finger on the pulse of the industry and a great understanding…
  continue reading
 
In this episode, Tony Welch, Chief Investment Officer at SignatureFD, joins us again. Previously, Tony talked about the economic times and how small business owners in the veterinary community are being (and may be) affected. In this episode, he discusses where we are now, what has changed in the economy, and the outlook he foresees for the veterin…
  continue reading
 
In this episode, Rich Lester joins us to discuss exit plans, practice sales, transitions, and market changes and opportunities. Rich is the Co-CEO of Ackerman Group, where he uses his extensive experience to help guide veterinarians through selling their practices and structuring deals that work for them. You can find show notes and more at: http:/…
  continue reading
 
For this finale episode of Consolidate That, Ivan and Ryan take a moment to look back on their nearly three-year podcast journey discussing the veterinary industry and consolidation. They also introduce two new podcasts: "The Bird Bath," covering veterinary industry news, and "The Bark Side," exploring how independent practices can apply corporate …
  continue reading
 
In this episode, we sit down with Rennie Curran, a former NFL athlete, 3-time All-American, keynote speaker, author of several books, and CEO of Game Changer Coaching. Using his platform to inspire students, athletes, and business leaders to reach their full potential, he joins the show to talk about navigating difficult transitions and getting int…
  continue reading
 
In this episode, Bill Snow, an experienced M&A professional with over 30 years of experience in investment banking and M&A, discusses various aspects of mergers and acquisitions with Ryan Leech and Dr. Ivan Zak, particularly in the context of veterinary practices. They cover a range of topics, including the difficulties of sourcing deals, conductin…
  continue reading
 
In this episode of Consolidate That! Ryan and Ivan are joined by Sarah Hale, Pet Resort Manager at Danville Family Vet, to talk about the successful model of integrating grooming, daycare, and boarding services with veterinary care, creating a 'one-stop shop' for pet owners while boosting revenue and client loyalty. Donate: Official account of the …
  continue reading
 
In this episode, Eric Josovitz, Founder of AdaptCFO, joins the show to highlight some of the intricacies of small business financial statements, focusing on veterinary hospitals. He shares his personal experiences and how they have shaped his perspective on the importance of quality financial controls. You can find show notes and more at: https://b…
  continue reading
 
In this episode, Ryan and Ivan invite Colin Carr, Founder and CEO of CARR, to discuss the role of real estate in veterinary practice negotiations and the challenges consolidators face when acquiring multiple clinics. The conversation delves into various aspects of real estate, including negotiations during acquisitions, dealing with existing leases…
  continue reading
 
In this episode, Kathy Joling, Sr. Manager of Benefits Strategy at Galaxy Vets, joins Ivan and Ryan to discuss the significance of educating employees about their benefits package. They chat about the importance of employees having a complete understanding of accessible benefits, the value of Employee Assistance Programs (EAPs), and how EAPs contri…
  continue reading
 
In this episode, we sit down with Tommy Thompson, a renowned figure in the veterinary industry. Having established several practices and Veterinary real estate companies, Tommy joins us to delve into the intricate process of exiting the business. He emphasizes the advantages of initiating the selling process early, shedding light on seeking profess…
  continue reading
 
Bo Burlingham, an author who has written about entrepreneurship and small businesses for many years, joins Ryan Leech and Dr. Ivan Zak to discuss the concept of The Great Game of Business, the employee ownership business model, open book management, and the importance of building great businesses through relationships and shared outcomes. Donate: O…
  continue reading
 
Ryan Leech and Dr. Ivan Zak welcome Dr. Richard Gebhart, a veterinarian and entrepreneur, to discuss the dynamics of veterinary practice consolidation and highlight opportunities for independent practices. Dr. Gebhart shares his journey as a veterinarian-turned-entrepreneur and his experience in selling his practice to VCA in 1986, emphasizing the …
  continue reading
 
We’re wrapping up our series on employment agreements and non-competes with legal experts Peter Tanella and Brent Pohlman from Mandelbaum Barrett PC. Peter, who co-chairs the firm’s Corporate Law Practice Group, provides his expertise on what to expect if a non-compete issue plays out. Brent, a partner in Mandelbaum Barrett PC’s labor and employmen…
  continue reading
 
This week, Ryan Leech and Dr. Ivan Zak discuss the findings of the third annual burnout study in veterinary medicine. They delve into the divergent correlation between financial security and burnout, consider different compensation models, and explore alternative profit-sharing approaches that could benefit the entire veterinary hospital staff. The…
  continue reading
 
Live Oak Banking Company is not only the leading small business lender in the country, but it also has a unique history of lending to veterinarians and originating some of the largest veterinary loans in the United States. In this episode, Chip Mahan, the CEO of Live Oak Banking Company, joins the show to share his insights into how Live Oak Bankin…
  continue reading
 
Today's guest, Dr. Alan G. Robinson, shares insights on improving organizational performance through frontline employee ideas, emphasizing the need for thousands of small ideas over one big idea. He highlights the importance of a management approach that fosters creativity, psychological safety, and modern solutions. Additionally, we talk about the…
  continue reading
 
In this episode, Dr. Katie Rohrig from Danville Family Vet shares her experience working in the veterinary medicine industry and her approach to managing burnout. The discussion highlights the six triggers of burnout and how they apply to the veterinary domain. Dr. Rohrig also talks about challenges the industry faces, including client management a…
  continue reading
 
Paul Diaz, Founder & CEO of Offer First and Founder of Hire Power Consulting, is a seasoned veterinary recruiter. When it comes to hiring practices, he’s seen his share of contractual clauses and has heard horror stories from veterinarians who signed non-competes. In this episode, Paul joins the show to discuss the use of non-competes in the veteri…
  continue reading
 
Today we chat with Sarah Dalton, a Client Care Coordinator at Danville Family Vet, about her recent essay on compassion fatigue in the veterinary industry. She’ll cover what it is, why it’s a problem and the importance of this topic in the field. During the conversation, we share the ways to prevent and manage it, including implementing techniques …
  continue reading
 
In this episode, Nick Uva, Vice President of Business Development for Southern Veterinary Partners, joins the show to share his insights on owning and operating a successful veterinary hospital. With experience managing big acquisitions and laying operational foundations for hospitals, Nick discusses why he believes building a good culture and ensu…
  continue reading
 
In this episode, Dr. Jeff Smith of Danville Family Vet discusses his experience as a veterinarian in a small town, his challenges, and how he overcame them. He talks about his decision to join Galaxy Vets, explains the advantages of the equity ownership model, and how it can help smaller practices cope with the rapid changes in the field. Donate: O…
  continue reading
 
You asked – we answered! In this episode, we respond to some of your questions about our personal lives, including how many pets we each own and what our favorite episode is so far. We also share our perspectives on owning a veterinary hospital, discuss our thoughts on exit plans and ESOPs, and share our plans for the future of this podcast. You ca…
  continue reading
 
Ryan Leech and Dr. Ivan Zak discuss a recent two-part episode of Freakonomics about the impact of private equity ownership on the veterinary market and consolidation. They explore the different perspectives presented in the episode, including those of executives, economists, and veterinarians. Our hosts also touch on the importance of trust and ali…
  continue reading
 
Dr. Dick Gebhart, a thought leader and innovator in the vet industry, joins the show to share what he is most proud to have brought to his colleagues in the first fifty years of his career. This includes turning a single DVM hospital into a facility covering a full Los Angeles city block. In addition, he developed the first practice management soft…
  continue reading
 
In this episode of Consolidate That, Ryan Leech discusses with Dr. Ivan Zak his observations and takeaways from attending the Victus Group’s WVC Annual Conference in Las Vegas, one of the largest conferences in the veterinary industry. Ryan covers various topics related to the latest trends and changes in veterinary medicine, including the impact o…
  continue reading
 
Do you know the key ingredients to a quality bourbon—and how they may be similar to running and selling a successful veterinary practice? In this episode, we sit down with Ben Pate, Director of Business Development at Lakefield Veterinary Group and a seasoned businessman with experience in both the bourbon industry and the veterinary medicine space…
  continue reading
 
Ryan Leech and Dr. Ivan Zak continue to explore employee ownership. Shannon Gervais, Head of People Operations at Galaxy Vets, joins them this week to discuss this new concept in the veterinary industry, uncover the components of cultural integration stages at Galaxy Vets, and explain the importance of understanding business fundamentals on all lev…
  continue reading
 
Mentorship in the veterinary industry often fails, which can lead to increased importance in appropriate onboarding measures for new staff members. In this episode, Jeff Sanford, Director of Financial Literacy and Practice Outreach at UGA College of Veterinary Medicine, joins the show to explore the employment market for veterinarians and hospital …
  continue reading
 
This week Steve Kemph, Vice President of Field Operations at Galaxy Vets, talks about employee ownership, what components drive the culture, and how creating a bottom-up approach can drive sustainable results. Donate: Official account of the Armed Forces of Ukraine: https://bit.ly/3NvODNm Topics discussed: Instilling business acumen Managing and me…
  continue reading
 
Many conversations seem to be about inflation lately. As such, we believe it’s important to put things into perspective regarding what to do as prices increase and put added strain on small businesses. In this episode, Tony Welch, SignatureFD’s Chief Investment Officer, joins the show to share his thoughts on the current inflation situation. He pro…
  continue reading
 
We begin our third season of Consolidate That! by discussing the changes that have taken place in the veterinary business over the past year. In this episode, Fritz Buerger, Managing Director of William Blair, will share his observations on what has changed in veterinary practice acquisition, how macro factors affect the world of investment compare…
  continue reading
 
The second season of Consolidate That! ends with a discussion of the criteria and factors that a consolidation group pays attention to when communicating with a potential partner practice. Using Galaxy Vets as an example, Ryan Leech and Dr. Ivan Zak discuss in detail such aspects as core values alignment, hospital reputation, location, and financia…
  continue reading
 
The sale of a veterinary practice can be one of the largest financial decisions you will make in your lifetime. To help ensure you’re making the right decision, we believe it’s important to have current market insights supported by long-term understanding, consult multiple experts, and obtain the right professional support. In this episode, Bill R.…
  continue reading
 
Figuring out how to sell your veterinary practice is a process filled with important decisions and questions to ask. Even in the current consolidation market, where there are no multiples of 18x or 20x, selling your clinic can be extremely rewarding if you take the right approach. This week, Ryan Leech and Dr. Ivan Zak discuss what to consider befo…
  continue reading
 
In the veterinary industry, Employee Stock Ownership Plans (ESOPs) aren’t very common. Many veterinary hospital owners are unsure how an ESOP compares to a more traditional exit plan and how long an owner considering an ESOP will likely have to stay in the business before exiting. In this episode, Brian Frey, CFP and Partner at SignatureFD, joins t…
  continue reading
 
Like many professionals, veterinarians go through various stages of life and may be motivated by different things at different times. In this episode, Galaxy Vets’ Head of Community Engagement Dr. Tara McCarthy joins Ryan and Ivan to discuss the need to create flexibility in veterinary medicine and how Galaxy Vets provides a choice to veterinary pr…
  continue reading
 
What can you do to help create a brand that attracts the clientele and associates you want? In this episode, Robin Brogdon, CEO at BluePrints Veterinary Marketing Group, joins the show to discuss the potential benefits of Employee Stock Ownership Plans (ESOPs) and what you can do to help build an ownership culture within your practice. You can find…
  continue reading
 
In this episode of Consolidate That!, we talk to Andrew Schultz, Business Development & Clinical Services for Midmark Animal Health and Project Director for Midmark Academy. Andrew chats about implementing anesthesia checklists, simulation-based training, and how a desire to bring the benefits of immersive simulation training evolved into veterinar…
  continue reading
 
The veterinary real estate market has undergone plenty of changes over the past several years, and it doesn’t seem to be slowing down. Whether you’re a current veterinary hospital owner looking to understand the value of your real estate or a prior owner with a third-party lease in place, it’s important to understand how your real estate is valued.…
  continue reading
 
This week, Steve Kemph, Vice President of Field Operations at Galaxy Vets, joins Ryan Leech and Dr. Ivan Zak to talk about the nuances of regional management and how to impact change at the hospital. Donate: Official account of the Armed Forces of Ukraine: https://bit.ly/3NvODNm Topics discussed: Steve's career story in the veterinary industry Сrit…
  continue reading
 
Many veterinarians say practice ownership is not for them because they want work-life balance, have too much student debt, or are unsure how to run a business. However, with advances in business processes, structuring, and technology, practice ownership is worthy of consideration and can bring empowerment and control. In this episode, Jordan Kay an…
  continue reading
 
Veterinary practices have been busier than ever since the beginning of the pandemic. Due to this increase in transactions, the inefficiency of the veterinary business model was exposed. There was more money coming in, but there was also a lot more stress put on the vets and nurses. So, how can we find the perfect middle ground between profitability…
  continue reading
 
Loading …

Quick Reference Guide