Case Studies - Veterinary Practice Partners

Dr. Stephanie Liff

Pure Paws Veterinary Care
Partnered in January 2014

Case Studies

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Merging Competitive Practices: Advantages of Buying a Client List to Grow a Practice

- A nearby practice presented competition, but was shrinking
- VPP aided in the merging of local competition and benefit of a new client base

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Partnering with Early-Career Associate DVMs: High Performance Grants DVMs the Opportunity to Buy-In

- High student loans are burdensome to recent graduates
- Many young associate DVMs are interested in ownership, but lack the resources
- VPP enabled high-producing DVMs the opportunity to buy-in as partial owners

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Allowing Partners to Practice Longer: Facilitating a Smooth Transition from Practice toward Retirement

- The owner did not want to sell his practice, but was beginning to think about retirement plans
- No associates were interested in becoming owners to help the owner begin the transition
- VPP provided both professional management and a long-term exit plan for the owner

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Partnerships Achieve Debt Relief Without Selling 100%: Generating Revenue to Financially Recover Partner Practices

- Opened a new hospital right before the great recession, which presented significant financial challenges
- VPP’s co-ownership model provided debt relief and above-market revenue growth

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Assisting Partnerships in the Execution of Expansion Projects: Identifying Opportunities for Growth in Underserved Regions

- Opening a new facility is financially risky and time consuming
- Pursuing the project independently can be over-whelming and would likely not happen
- VPP lent the right expertise and found a new partner to help expand the business

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Revenue Recovery and Staff Stabilization: Accomplishing Debt Relief and Above-Average Revenue

- Revenue dropped significantly during the recession
- Recruiting and retaining key staff was a challenge

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Expanding Existing Partnerships to Serve Growing Neighborhoods: Further Developing Business and Clinical Ingenuity

- The start-up of a new practice is financially risky
- Balancing time in practice with time executing an expansion project is exhaustive
- VPP offered expert financial, constructional and marketing support

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