Consolidate That!

In this episode, Dr. Ivan Zak and Dr. William Griffin from Veterinary Integration Solutions talk about the critical components of a value creation plan.

Topics Discussed:

• Value Creation Plan: Basic business plan used to effectively guide decisions
• Consolidator: Creates value for shareholder and practice seller within timeframe
• Reasons to Invest: Vision, mission, and values to start a consolidation
• Value Creation Plan/Strategy – Fundamental Components:
  – Arbitrage (acquisition and merger of small, independent practices)
  – Operations (what you can, should, and not do after acquiring a practice)
• Margin Expansion: Europe’s data, systems, processes cleaner than U.S. market
• COVID vs. Client Behavior: Human-animal bond continues to get stronger
• Healthcare Capacity: Reduce stress and strain by implementing changes
• Diligence: Create value by partnering and aligning with people and culture