Can a corporate Vet Clinic Keep your staff?

Can a corporate Vet Clinic Keep your staff?

Exit strategy for practice owners: Established veterinarians can sell their practices to corporate entities as an exit strategy from the business. The corporate clinic will often keep the staff members and allow the practice owner to continue working as an employee as well if they so desire.

What makes a veterinary clinic a corporate clinic?

A corporate veterinary clinic is a practice that is owned and operated by a company. This is a different business model than traditional private practice, where a clinic is owned and operated by an individual veterinarian or a small group of veterinarians.

Can a corporate veterinarian buy into a private practice?

You can’t buy into the practice as an owner: Veterinarians working for corporate clinics do not have the option to buy into ownership as in private practice. A corporate vet seeking an ownership stake would have to leave the clinic and start (or buy) their own private practice.

Who is the owner of Corporate Veterinary Partners?

Dr. Sprinkle, owner of Wilmington, N.Y.-based Pet Partners, knows one thing for sure: The industry is changing, and he believes he can help veterinary clinic owners change with it. “From my perspective, corporate affiliate practices are the future of primary care practice,” Sprinkle said.

Exit strategy for practice owners: Established veterinarians can sell their practices to corporate entities as an exit strategy from the business. The corporate clinic will often keep the staff members and allow the practice owner to continue working as an employee as well if they so desire.

You can’t buy into the practice as an owner: Veterinarians working for corporate clinics do not have the option to buy into ownership as in private practice. A corporate vet seeking an ownership stake would have to leave the clinic and start (or buy) their own private practice.

A corporate veterinary clinic is a practice that is owned and operated by a company. This is a different business model than traditional private practice, where a clinic is owned and operated by an individual veterinarian or a small group of veterinarians.

Dr. Sprinkle, owner of Wilmington, N.Y.-based Pet Partners, knows one thing for sure: The industry is changing, and he believes he can help veterinary clinic owners change with it. “From my perspective, corporate affiliate practices are the future of primary care practice,” Sprinkle said.