Mission: Possible?

In the U.S., roughly 179 million households include pets. With the addition of 2.05 million U.S. farming operations and the millions of livestock being raised, the growing demand for veterinary services is a no-brainer.

Estimates find there are about 31,000 veterinary practices in the U.S. However, the average clinic owner is in his or her 60s, and it is estimated that in the next 10 years, 10,000 practices will be for sale.

The vast potential for industry growth seems like a great opportunity. But problems persist. Student debt is a major concern for graduating DVMs, and with one-third of veterinary practices expected to be for sale in the coming decade, the second concern is the seemingly impossible task of finding veterinarians interested in buying those practices.

This article first published on July 5, 2018. To read the full article, please visit Veterinary Practice News.