What is a Partnership?
You focus on the medicine, and we take care of the rest!
Our partnership model connects veterinarians that are interested in selling all or part of their practice with our team of business professionals. We are a national organization of veterinary practices that share a passion for progressive culture, communication, collaboration, and team-work. Our diverse team of veterinary professionals share knowledge and expertise to provide excellence in business management, healthcare team development, and the consistent delivery of excellent medical care. We have a proven record of success in general practice, specialty, and emergency medicine.
A partnership allows you to retain ownership, if you desire, and to secure your financial future, all while you enjoy doing what you love most – practicing excellent medicine for your patients, delivering great customer care to your clients, and enjoying extra free time with your family and friends.
Benefits of Partnering With Us We customize a deal that is right for you. Together we will create a unique transaction to fit your specific needs. We focus on what’s important to you.
Staged transition or outright sale
Ownership opportunities for key employees
Retain control over medical decisions
Retirement, estate & tax planning
Career & leadership development
Excellent salary and benefits
Tools & resources to grow your practice We provide a variety of administrative strategies and services proven to help grow your business, including:
Pathway planning is a simplified strategic process that empowers you to reach your goals.
Communication and conflict management training, CE & online learning modules focused on current industry issues.
Operating budgets & plans, inventory & equipment purchasing.
New client acquisition, client retention, & online marketing.
Accounting & Finance
Payroll, accounts payable, tax support, and financial reports.
Access to technical support & technological advancement.
Recruiting and access to employee resources to become the employer of choice.
Partnership & Opportunity
Annual partner practices retreat to network and share best practices.
Our Process Our process has been developed to ensure a smooth transaction. We are responsive, patient, and flexible to meet your timing requirements. We understand that the partnership process elicits emotions, anxiety, and perhaps insecurity about the future. Our priority is to develop a feeling of comfort and trust throughout the process.
Step 1: Initial Review
We discretely begin our process with an initial conversation that identifies your priorities. This is followed by a review of your practice financials and goals for the future. Together we identify what is most important to you, and how best to reach your goals given your timing requirements.
Step 2: Letter of Intent (LOI)
After understanding your key objectives, we will submit an offer (LOI) that will include many of the specific deal points that are most important to you, including purchase price, lease terms, employment terms, and options tailored to meet your particular needs.
Step 3: Due Diligence
Once the LOI is accepted, we begin our diligence process with a more extensive review of relevant company materials and a visit to your practice. We will review historical data and develop a 180 day plan post-closing of the transaction. Many details are ironed out during this phase to ensure a smooth transition.
Step 4: Contract Preparation
Our legal team will provide you with transaction documents based on the LOI to discuss with your representatives. Documentation typically includes the purchase agreement, lease agreement, employment agreements, and unique deal specifics.
Step 5: Closing & Transition
Once all the diligence and documentation has been completed, we arrange for closing details, the wire transfer, and then put in motion our 180 day plan. We will transfer bank and vendor accounts and benefits plans, conduct a thorough marketing review, provide on-site and virtual training, and start conducting Pathway Planning workshops. Pathway Planning is a simplified strategic planning process that clarifies the practice goals and empowers your team to reach them.
Learn more about the Pathway Planning process by contacting us here.
What We Look For
- Multi-doctor facilities
- Emergency, Specialty, or General Practice
- Solid historical performance with revenues exceeding $1 million annually
- Sound foundation with clean records
- We also partner with underperforming practices in need of operational support to create, enhance, and restore value
- Good reputation in the community, and with local colleagues
- Highest ethical standards
- Willingness to partner, learn, and grow with us!
Dr. Raymond Bouloy, Owner and Medical Director- -
Pathway Partners has allowed me to focus on the practice of veterinary medicine and not worry about the business side of practice. I see patients on a full-time basis and I don't have the extra time in the day to keep up with the demands of effectively managing a busy practice. Health care laws, human resources, tax laws, advertising, internet technology, etc. have complicated running a practice and I can't stay current in these important areas as a small business owner. Pathway Partners has streamlined these important areas in my clinic and allowed me to have more time to spend with my family.
Nikki LaCour- -
Pathway Partners has given me the support I need to be a better Practice Manager. I am able to focus my energy on things in the clinic that need my attention every day, without neglecting any aspect of my job. Their support helps me work on the business efficiently, removing the need to spend extra hours at the clinic and allowing me to enjoy my free time with family and friends.
Dr. Ann Eliopulos, Hospital Administrator and Medical Director- -
Working with Pathway Partners has given us strategies, solutions, and training to deal with employee issues, problem solving, goal setting, and creating a dynamic and profitable hospital. Each team – from marketing, finance, and operations has provided us with timely help and support to allow us to reach our goals with less stress and effort. By being proactive with on sight evaluations and recommendations, and the offerings of trainings and retreats, Pathway Partners has been an invaluable resource to the growth and well-being of our hospital and employees.