For veterinarians & practice owners · US & Canada
Consolidators have been buying veterinary practices for a decade, and most owners still learn what their practice is worth from the first buyer who writes to them.
In short
Single-doctor, owner-operated practices typically sell for about 1.5–3.5x seller’s discretionary earnings (SDE). Multi-doctor practices with roughly $1M+ of EBITDA trade around 6.5–9.5x EBITDA, and platform-scale groups bought by corporate consolidators can reach 9–12x or more, still below the 2021–22 peak. These are market ranges, not a quote or a guarantee. The biggest variables are associate coverage, production mix, and whether the practice can run without the owner. A free, confidential read of your actual numbers narrows it — not an appraisal.
The honest version
Market ranges, not a quote or a guarantee — and the spread between the bottom and the top of that range on a single practice is usually life-changing money. Get your own range in 60 seconds.
Who buys — and why it changes your number
The range is wide because the same practice is worth different amounts to different buyers. Which of them is at your table changes your number far more than anything on your equipment list.
Corporate consolidators
They pay well for multi-doctor practices with strong associate retention, and they underwrite conservatively.
PE-backed platforms
Often the highest bidders when your practice completes a regional footprint, because the value to them is strategic rather than just financial.
Associate or individual DVM
Typically the lowest headline number, but sometimes the best fit for a practice that depends heavily on one veterinarian.
The associate-coverage path
Priced on SDE. Associate or individual DVM buyers are your likeliest table, and consolidators discount single-doctor dependence.
Signed associate agreements are the single biggest lever most owners can still pull.
Consolidators and PE-backed platforms compete; pricing moves to EBITDA.
Where the highest multiples are paid — when the practice provably doesn’t need its founder.
What moves the number
A practice that runs without you is worth substantially more than one that does not.
Surgery, dentistry and imaging carry different margins than wellness volume — buyers underwrite the mix, not the top line.
Technician and front-desk turnover is read as a risk to post-close revenue, and priced accordingly.
Own, lease or family trust changes the structure of the whole deal — unresolved real estate kills more transactions than price does.
One caution specific to this sector
Consolidators frequently structure offers with meaningful earn-outs or equity roll-over. Comparing two offers without modelling the structure is how owners end up disappointed two years later.
Get a free read of an offer →Why a quiet, competitive process beats the first offer
A buyer negotiating against nobody has no reason to move on price or on terms. We run the opposite process — and the result is better terms too: what happens to your team, how long you stay, how the earn-out is structured.
60 seconds, anonymous, no email. Your range from reported sales of comparable businesses.
Get my free veterinary valuation →One email. Ask Vera, our AI, anything; see what moves your number with your Exit Profile; get a free read on any offer.
Create my free account →Next quarter or in five years. The AI works your sale 24/7, a senior principal leads, and you approve every step. Most sales take six to twelve months.
See how the engine works →Confidential by design
We also source for acquirers — here’s how we keep the two apart, in writing: the five rules →
Real people, accountable
Meet the team → Founded 2019 · San Francisco · Toronto
Single-doctor, owner-operated practices typically sell for about 1.5–3.5x seller’s discretionary earnings (SDE). Multi-doctor practices with roughly $1M+ of EBITDA trade around 6.5–9.5x EBITDA, and platform-scale groups bought by corporate consolidators can reach 9–12x or more, still below the 2021–22 peak. These are market ranges, not a quote or a guarantee. The biggest variables are associate coverage, production mix, and whether the practice can run without the owner. A free, confidential read of your actual numbers narrows it — not an appraisal.
Sometimes, but never on the first letter and never without competition. Consolidators are legitimate buyers who often pay well, but a buyer negotiating against nobody has no reason to improve price or terms. Running a quiet, competitive process with several qualified buyers is what changes the outcome.
Not through us. There is no listing and no advertisement. Buyers are qualified and under a confidentiality agreement before they learn the identity of the practice, and you approve every step before it happens, including when and how your team is told.
Prefer a person?
Doctors, locations, revenue, timing — whatever you’re comfortable sharing. A principal reviews it personally and replies within one business day with an honest range. No listing. No pressure.
Or call (888) 560-5852
Prefer to explore on your own first? Try the free Exit Profile — no email needed.
Guides & related