The VetStory Podcast
The VetStory Podcast
Podcast Description
A place where we tell stories, often at bars or dinner parties. But occasionally, I promise we’ll talk about something helpful.
Podcast Insights
Content Themes
The podcast focuses on the lighter side of veterinary medicine, covering themes such as unexpected client interactions, personal anecdotes from practice management, and the quirky experiences of veterinary professionals. Episode examples include outrageous HR excuses and the challenges of managing a busy veterinary practice, showcasing a blend of humor and heartfelt storytelling.
A place where we tell stories, often at bars or dinner parties. But occasionally, I promise we’ll talk about something helpful.
Jordan Morelli is back on the Vet Story Podcast, and this time we’re talking about buying a veterinary practice.
Last time we talked about selling a clinic. Now we’re looking at the other side of the transaction.
Jordan is a corporate lawyer who specializes in veterinary practices across Canada, and I wanted to understand what veterinarians really need to know before making one of the biggest financial decisions of their lives.
Because buying a clinic isn’t just about agreeing on a price and getting a loan.
There’s a lot more to it.
We talk about buying the practice you already work at, getting an independent valuation, reviewing financial statements, and knowing when the seller might be hiding something you should be asking about.
We also get into leases, demolition clauses, letters of intent, tax planning, financing, and the difference between buying shares and buying assets.
One of the biggest parts of this conversation was employment liabilities.
You might be buying a business with employees who have been there for 10, 15, or even 25 years.
What happens to their seniority?
What happens if you need to let someone go?
And are you now responsible for financial obligations that started long before you owned the clinic?
Jordan explains why these questions matter and why the right legal advice before purchasing can save you a lot of grief later.
We also talk about what’s happening in the Canadian veterinary market, why corporate buyers are being more selective, and why more associates are getting the opportunity to step into ownership.
If you’re thinking about buying your first veterinary practice, or adding another clinic to your business, this episode is for you.
Because the last thing you want is to spend millions buying a practice, only to discover that you’ve inherited a whole collection of problems nobody told you about.
You can find Jordan at https://linmac.com or email him at [email protected].
The Vet Story Podcast is brought to you by Innovative Veterinary Management Solutions.
Visit https://ivmsolutions.org.
Practice ownership should not be this hard.
Disclaimer
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