With 77% of Vet Practice Owners Seeking Change, Something Must Give
The veterinary profession can undoubtedly be a hugely rewarding career, driven by a passion for clinical excellence and patient care. However, recent times have seen significant challenges emerge, impacting the lives of practice owners in unexpected ways. In fact, a staggering 77%* of veterinary practice owners are actively seeking change. Whether it's uncertainty about the future or the desire for a new path, these challenges cannot be ignored.
Veterinary practice owners face a multitude of challenges, ranging from the demanding nature of the profession, national staffing shortages and the delicate balance between work and personal life. These hurdles have prompted a significant portion of practice owners to contemplate their futures.
Enter Vetnovo, a pioneering model that seeks to realise more of the benefits of joining a bigger group for clinical teams and patient care. Vetnovo understands that practice owners are looking for solutions beyond conventional veterinary business models, and they are here to provide the answer.
One of the standout advantages of partnering with Vetnovo is the immediate financial benefit it offers to practice owners. On the day of Vetnovo's Initial Public Offering (IPO), independent practice owners who join forces with Vetnovo will receive a cash payout estimated at 50%** of their practice's valuation. This financial boost is thoughtfully designed to provide practice owners with a stable financial foundation, granting them greater flexibility.
But it doesn't stop there. Vetnovo offers a unique opportunity for practice owners to invest in their future. The remaining 50% of the practice's valuation will be invested in Vetnovo shares. Within Vetnovo's collaborative ecosystem, doors open for accelerated expansion and financial success. These shares have the potential to appreciate significantly, providing practice owners with the prospect of exceeding their financial expectations.
It's worth noting that Vetnovo's valuation multiples, significantly outpace others in the market***. This fact alone enhances the attractiveness of this opportunity for practice owners who are looking to maximize the financial return from decades of hard work building their clinics.
Vetnovo goes above and beyond by offering additional benefits to its members, such as access to staffing banks and administrative support. These resources are intended to alleviate the operational burdens often faced by practice owners, allowing them to focus on what they do best – caring for animals.
But perhaps one of the most compelling aspects of Vetnovo is its commitment to preserving the unique identity of each practice within its network. Listening to the concerns voiced by independent practice owners, Vetnovo has adapted its model accordingly. The company is steadfast in its dedication to ensuring that each practice's identity remains intact within its network. This empowers practice owners to maintain clinical autonomy and the distinctive character of their practices.
In the words of Dr Huw Stacey, Chief Medical Officer at Vetnovo and a respected veterinary surgeon,
"Vetnovo's innovative approach represents a paradigm shift in the veterinary market; our commitment to reshaping veterinary acquisitions is unwavering."
Ready to Explore New Horizons? Register Your Interest Today!
If you are a practice owner looking for a change or an opportunity to maximize your practice's potential, Vetnovo is here to lead the way in this new era of veterinary practice. Don't miss out on this chance to redefine your future.
Registration Deadline: 31st December 2023.
*Vetnovo’s Practice Owner Survey results, Sept 2023
**Subject to change
*** Compared with traditional corporate models, Sept 2023
