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In a dvm360® interview, San Diego Fetch faculty member and co-CEO of the Ackerman Group provides expert insight on determining your practice's price
In this dvm360® interview, Richard Lester, MBA, co-CEO at the Ackerman Group Inc in Villanova, Pennsylvania, describes how to determines a veterinary practice's valuation through an "art and science" approach.
The following is a partial transcript of the video.
Richard Lester, MBA: We always like to talk about valuation being a combination of an art and a science. And so the science is the formula. So the formula that buyers use to value a practice is their historical or trailing 12 months profits, times a multiple. And so the science is figuring out what the historical profit profits are.
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