2022 Summary: Veterinary Industry Dynamics
Consolidate That!
by Consolidate That!
1w ago
We begin our third season of Consolidate That! by discussing the changes that have taken place in the veterinary business over the past year. In this episode, Fritz Buerger, Managing Director of William Blair, will share his observations on what has changed in veterinary practice acquisition, how macro factors affect the world of investment compared to 2021, and what we may expect from 2023. Donate: Official account of the Armed Forces of Ukraine: https://bit.ly/3NvODNm Topics discussed: A brief overview of changes in the veterinary business for 2022 The impact of macroeconomic and social ..read more
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New Market Realities: Pre-Acquisition Considerations from the Consolidator’s View
Consolidate That!
by Consolidate That!
1M ago
The second season of Consolidate That! ends with a discussion of the criteria and factors that a consolidation group pays attention to when communicating with a potential partner practice. Using Galaxy Vets as an example, Ryan Leech and Dr. Ivan Zak discuss in detail such aspects as core values alignment, hospital reputation, location, and financial health. Donate: Official account of the Armed Forces of Ukraine: https://bit.ly/3NvODNm Topics discussed: Part Two of New Market Realities; focused on the consolidator’s view What to know about pre-acquisition assessment The importance of having ..read more
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New Market Realities: How to Prepare Your Practice for a Sale
Consolidate That!
by Consolidate That!
1M ago
Figuring out how to sell your veterinary practice is a process filled with important decisions and questions to ask. Even in the current consolidation market, where there are no multiples of 18x or 20x, selling your clinic can be extremely rewarding if you take the right approach. This week, Ryan Leech and Dr. Ivan Zak discuss what to consider before partnering with a group and how to make a successful exit for you and your team. Donate: Official account of the Armed Forces of Ukraine: https://bit.ly/3NvODNm Topics discussed: A quick overview of the current veterinary consolidation market W ..read more
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Flexibility in the Veterinary Practice
Consolidate That!
by Consolidate That!
2M ago
Like many professionals, veterinarians go through various stages of life and may be motivated by different things at different times. In this episode, Galaxy Vets’ Head of Community Engagement Dr. Tara McCarthy joins Ryan and Ivan to discuss the need to create flexibility in veterinary medicine and how Galaxy Vets provides a choice to veterinary professionals. Donate: Official account of the Armed Forces of Ukraine: https://bit.ly/3NvODNm Topics discussed: Creating more flexibility in vet medicine What small changes can make a positive difference in culture What benefits Galaxy Vets offers ..read more
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Simulation-Based Training
Consolidate That!
by Consolidate That!
2M ago
In this episode of Consolidate That!, we talk to Andrew Schultz, Business Development & Clinical Services for Midmark Animal Health and Project Director for Midmark Academy. Andrew chats about implementing anesthesia checklists, simulation-based training, and how a desire to bring the benefits of immersive simulation training evolved into veterinary education. Donate: Official account of the Armed Forces of Ukraine: https://bit.ly/3NvODNm Topics discussed: Fear of anesthesia is the number one reason pet owners do not follow recommendations for dental procedures Checklists can help avoid ..read more
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Implementing Changes in Veterinary Hospitals
Consolidate That!
by Consolidate That!
3M ago
This week, Steve Kemph, Vice President of Field Operations at Galaxy Vets, joins Ryan Leech and Dr. Ivan Zak to talk about the nuances of regional management and how to impact change at the hospital. Donate: Official account of the Armed Forces of Ukraine: https://bit.ly/3NvODNm Topics discussed: Steve's career story in the veterinary industry Сriteria for a successful regional manager How to affect change in a hospital The value of having a DVM and MBA Operating model of scaling ..read more
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The Process of Postmerger Integration with Galaxy Vets
Consolidate That!
by Consolidate That!
3M ago
Shannon Gervais, Director of Veterinary Hospital Integrations at Galaxy Vets, is welcomed by Ryan Leech and Dr. Ivan zak to discuss post-acquisition clinic integration, how the WSJF prioritization framework helps in the stabilization phases, and the importance of managing the change accurately. Donate: Official account of the Armed Forces of Ukraine: https://bit.ly/3NvODNm Topics discussed: The Integration process at Galaxy 3 Stabilization Phases How the WSJF (Weighted Shortest Job First) framework is used at Galaxy Vets ..read more
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Value Creation at a Solar System (Part 2)​​
Consolidate That!
by Consolidate That!
4M ago
Today on Consolidate That! Dr. Ivan Zak and Ryan Leech continue discussing the value creation plan by looking at a regional level within the organization. We take a deeper dive into Galaxy Vets’ regional structure and chat about the value creation items such as capacity management, diversity of tasks for veterinary professionals, centralized scheduling, and more. Donate: Official account of the Armed Forces of Ukraine: https://bit.ly/3NvODNm Topics discussed: What is a Solar System Model Another look at the use of clinic space Benefits for hospital teams: flexible scheduling and task variet ..read more
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Through the Acquisition Process & Beyond
Consolidate That!
by Consolidate That!
4M ago
Kristine Stump, the VP of Mergers & Acquisitions at Galaxy Vets, joins us this week to discuss planning and executing successful mergers and acquisitions. During the conversation, Kristine shared her knowledge of how sellers can better prepare for the sale of their company, what a buyer is looking for, and what success looks like in M&A. Donate: Official account of the Armed Forces of Ukraine: https://bit.ly/3NvODNm Topics discussed: What does the due diligence process look like How to become a prepared seller What should the seller know about the buyer Ways to have a smooth transit ..read more
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Value Creation at a Galaxy Planet
Consolidate That!
by Consolidate That!
5M ago
In this episode, Ryan and Ivan dig into the initial steps new Galaxy Vets clinics undergo post acquisition and the importance of trust throughout. Learn what to look for in your own value creation plans.  Donate: Official account of the Armed Forces of Ukraine: https://bit.ly/3NvODNm Topics discussed: What are the classic changes after the acquisition Galaxy Vets’ ownership program Operational excellence as a strategy Effective communication of the changes ..read more
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