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Join us for a live webinar for veterinary practice owners
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Tuesday, October 6 at 7:00 p.m. EST
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Selling your practice is typically the biggest business decision you’ll make as a veterinarian. A wide range of emotional, financial and legal issues pave the long road to closing, and there are numerous pitfalls even the most seasoned veterinarian can fall into. In this webinar, Chris Rocchio, DVM and Peter Tanella, Esq. will identify ten common mistakes veterinarians make when contemplating and executing a sale, and offer useful tips for maximizing the value of your practice. Chris and Peter will cover a range of questions, including:
- When should I begin contemplating my practice sale?
- When should I focus on the money, and when shouldn’t I?
- Why should I consider the controlled auction method for my practice sale?
- How does my real estate factor into the transaction?
- How can my associate employment agreements affect my valuation?
- Who should be on my deal team?
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Whether you're contemplating a merger, acquisition, sale or associate buy-in, the creation of a management service organization, seeking the right exit strategy or need pragmatic legal advice for your practice, surrounding yourself with the right legal team makes all the difference. Our National Veterinary Law Center provides strategic legal and business solutions to veterinary clients throughout the country.
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Monarch Business Consulting is the leading financial advisory firm serving independent veterinarians in the Northeastern USA. We can help you plan and successfully execute the sale of all or part of your practice; identify lenders who specialize in financing or refinancing veterinary businesses; and with our stable of qualified buyers, manage a transformation of a practice from one set of owners to the next.
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Peter Tanella chairs the National Veterinary Law Center at Mandelbaum Salsburg, a full-service law practice which advises practice owners and associate veterinarians across the U.S. Peter has represented hundreds of veterinarians in a wide range of issues, including corporate formation, practice acquisitions and sales, partnerships, capital raising, private equity joint ventures, structuring of MSOs, associate buy-ins and succession planning. The National Veterinary Law Center also has extensive experience advising on HR and employment matters, co-owner dispute resolution and business separation. Peter is also a frequent speaker and author on legal issues impacting the veterinary community, who for many years has authored the legal lingo column in Today’s Veterinary Business.
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Through Monarch Business Consulting, Dr. Rocchio helps other veterinarians purchase, build and transform their practices by working with real estate agents, contractors, architects and banks. After practicing in northern California for six years, Dr. Rocchio moved back to New York, where he and his wife, Dr. Debbie Chew, opened the East Greenbush Animal Hospital, which is presently a 7,200 square-foot, full-service practice. Dr. Rocchio later started Adirondack Pet Care, a pet cremation service that presently services 35 veterinary hospitals in the Capital District, and in 2010, he founded the River Road Animal Hospital in Niskayuna, New York with partner Dr. Debbie Snyder. This complete remodel grew to a full service, three doctor practice that offers boarding and grooming.
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