Veterinary hospitals & clinics
Get a real market for your veterinary practice before you say yes to anyone.
Consolidators now own a meaningful share of Canadian veterinary practices, and valuations swung sharply over the last few years. Independent owners who understand the full buyer landscape, including partnership and joint-venture models, negotiate from strength.
Who's buying
Know your buyers
National consolidators
Groups such as VetStrategy, VCA Canada and others buy outright or offer joint ownership where you keep a stake.
Associate veterinarians
Associates buying in or buying out, often with bank financing and a gradual transition.
Regional independents
Owner-operators expanding to multiple locations who value culture and continuity.
Corporate multiples peaked in 2021–22 and have normalized since. Multi-doctor hospitals still attract the strongest interest.
What buyers pay more for
- Number of full-time veterinarians (the single biggest driver of value)
- Diversified revenue: wellness plans, diagnostics, surgery, pharmacy
- Strong client retention and growing active-client counts
- Modern diagnostic equipment and a facility with room to grow
Watch out for
- Joint-venture offers can look attractive. Model the value of the stake you keep and the terms for selling it later.
- Lease length and landlord consent can limit buyer financing.
FAQ
Selling a veterinary practice
What multiple do vet practices sell for?
It varies widely. Smaller practices often trade around 4× to 6× EBITDA, while larger multi-doctor hospitals can attract higher corporate multiples. Doctor count, revenue mix and growth are the biggest drivers.
What is your veterinary practice worth?
Answer a few questions about your practice. It takes about three minutes, and your information stays confidential.