Veterinary practice sales

Sell your veterinary practice to the right buyer

National groups, private-equity-backed platforms and independent buyers are all acquiring veterinary practices. We help you understand your options and meet the buyer who fits your goals for value, team and timing.

It starts with a 15-minute call. There is no cost to the seller, no public listing, and you decide if and when you meet a buyer.

A veterinarian examining a cat on an exam table

What veterinary practice buyers look for

  • 1+ DVMAt least one full-time clinical veterinarian
  • $750K+Stable annual gross revenue
  • 2+ exam roomsWith room to grow
  • 30 minutesWithin about half an hour of a metro area

Outside these ranges? Every practice is worth a conversation.

The veterinary market right now

Three kinds of buyer are acquiring veterinary practices at the same time: national and regional groups adding hospitals, private-equity-backed platforms building scale, and independent veterinarians who want to own a practice outside the corporate model.

Demand for care keeps growing while veterinarians stay scarce, so well-run practices with stable doctor coverage are in demand. For owners, that means more options than a decade ago, and more reason to compare them carefully before you talk to anyone.

  • 25%of US general practices are corporately owned
  • 75%of US specialty practices are corporately owned
  • Nearly halfof the veterinary care market was held by corporate groups in 2021
  • $41Bspent by US pet owners on veterinary care and products in 2024
  • ~17,000projected shortfall of veterinarians in the US by 2032, which is why buyers prize DVM coverage

Sources: Brakke Consulting estimates, cited in AAHA Trends, January 2025; American Pet Products Association, industry trends and stats (2024 figures); Gitter & LaFayette, Demand for and Supply of Veterinarians in the U.S. to 2032, AAVMC, June 2024

Who buys veterinary practices

The right buyer depends on what you want from the sale. Here's how the three main types tend to differ. Every buyer is different, so treat this as a starting point.

National and regional groups

Deal structure
Mostly cash at closing, sometimes with an earn-out tied to performance.
Clinical autonomy
Shared systems and purchasing. Clinical decisions usually stay with your doctors, but policies vary.
Your team
Usually keen to keep an experienced team.
Your role after
Often ask you to stay on for 2 to 5 years.

Private-equity-backed platforms

Deal structure
Cash at closing, often with rollover equity: a stake in the larger group that can pay out when it is sold again.
Clinical autonomy
Often keep your brand and clinical approach, at least in the near term.
Your team
Tend to invest in staff and equipment to grow.
Your role after
Often want you to stay on and help the practice grow.

Independent veterinarians

Deal structure
Usually financed with a practice loan; may include seller financing.
Clinical autonomy
The practice stays independent and locally owned.
Your team
Continuity depends on the buyer's plans.
Your role after
Often a shorter handover, or staying on as an associate.

Selling to a corporate group →

What drives value

Buyers look at much more than revenue. These are the factors that move a valuation up or down, and why buyers care.

Earnings

Adjusted EBITDA is the starting point for most offers.

Client retention

Loyal clients and regular visits tell a buyer the revenue will stay.

DVM coverage

More full-time veterinarians means less depends on you. Associate coverage is the first thing most buyers check.

Service mix

Surgery, dentistry, emergency or specialty work add revenue streams buyers value.

Equipment and facility

Current equipment and room to grow mean less spending after the sale.

Staff stability

A settled team lowers the risk of disruption after a sale.

Owner dependence

The less production depends on you, the more a buyer will pay.

Location

Being close to a metro area widens the pool of buyers.

What is adjusted EBITDA?

Earnings before interest, taxes, depreciation and amortization, adjusted to show what the practice would earn for a new owner: your own pay is reset to a market salary, and one-off or personal costs are added back. Buyers base most offers on it, which is why clean P&Ls matter. We don't value practices: the numbers come from buyers, or a specialist adviser, after an introduction.

How selling a veterinary practice works

  1. A 15-minute call

    The size of your practice, property, goals and timing.

  2. What drives value

    Buyers usually price on adjusted EBITDA. We talk through what buyers look at in your practice. The numbers come from buyers, after an introduction.

  3. Buyer introductions

    One well-matched buyer at a time, never a public listing. Buyers usually ask for 2 to 3 years of P&Ls and a practice overview.

  4. Offer and letter of intent

    Usually non-binding. Review it with your attorney and accountant.

  5. Due diligence

    The buyer verifies financials, production, staffing, client records, lease and equipment. Expect detailed document requests; organized records keep this stage short.

  6. Closing

    Attorneys finalize the purchase agreement, your employment or transition agreement, and the lease if you keep the building. Funds transfer at closing. Most sales take 6 to 18 months, and you set the pace.

See which buyers fit your practice

It starts with a 15-minute call. There is no cost to the seller, no public listing, and you decide if and when you meet a buyer.

Common concerns

What happens to my team?

Most buyers want to keep an experienced team, because the team is part of what they're buying. Terms usually stay the same or improve, and you can negotiate protections for key staff. We introduce buyers whose approach to staff fits yours.

I'm a single-doctor practice. Is that a problem?

Not every buyer will fit, but some look specifically for single-doctor practices. What matters is revenue, location, how much depends on you and your plans after the sale. A short call tells you where you stand.

How to prepare your veterinary practice for sale

  • Keep 2 to 3 years of clean P&Ls, with personal expenses separated.
  • Stabilize your associate DVMs: doctor coverage is the first thing buyers check.
  • Check how many years are left on your lease, or your options to renew.
  • Reduce how much the practice depends on you: document your systems and let your team own client relationships.
  • Start 2 to 3 years ahead if you can.

What our buyers have in common

Proven acquirers

A record of successful acquisitions, and the capital to close.

Respect for your team

A commitment to keeping staff, clinical autonomy and culture intact.

Long-term investment

Plans to invest in the practice's growth, equipment and people.

“Selling my veterinary practice felt overwhelming until Right Fit Capital made it simple. They listened, kept everything confidential, and found the right buyer through one introduction—at no cost to me.”
Portrait of Dr. K.
Dr. K.
Veterinary practice owner, New Jersey

Veterinary practice sale questions

What is my veterinary practice worth?

Most buyers price on adjusted EBITDA. Value moves with revenue quality, DVM coverage, growth, location, facility and the type of buyer. We don't value practices: the numbers come from buyers, or a specialist adviser, after an introduction.

Who buys veterinary practices?

National and regional groups, private-equity-backed platforms and independent veterinarians.

How long does it take to sell?

Most sales take 6 to 18 months from the first call to closing, but you set the pace: the timeline depends on how quickly you want to move.

Do I need a broker?

Not always. Some owners use a broker; others prefer direct, confidential introductions. If a broker would serve you better, we'll introduce you to one we trust.

What makes a veterinary practice more valuable?

Strong adjusted EBITDA, loyal clients, stable associate coverage, a broad service mix, current equipment and a settled team. Each one signals lower risk to a buyer.

How should I plan my departure?

It depends on your goals. Some owners sell and step away; others sell and keep practising for an agreed period, commonly 2 to 5 years; some sell part of the practice and keep a stake. Starting 2 to 3 years ahead gives you the most options.

How do I find buyers for my practice?

The best buyers are often not found through public listings. We match your practice on size, location, culture, clinical model and your plans, then introduce you to a buyer who fits.

Can I sell without my team finding out?

Your practice is never listed publicly, and details go only to buyers who are a genuine fit. Your staff won't hear about it from us.

Get introduced to the right buyer

It starts with a 15-minute call. We learn what matters to you, tell you plainly whether there's a fit, and introduce you to a buyer if and when you're ready. 95% of qualified owners receive an introduction within 24 hours of our initial call.

  1. We learn about your practice
    Its size, property, your goals and timing.
  2. We tell you plainly
    Whether there's a fit, and what buyers look for.
  3. You decide what happens next
    Nothing to sign, no obligation.

Pick a time for your 15-minute call