Whether you’re looking to take your practice to the next level or thinking about life after ownership, we’re here to help you get there.
You’ve heard horror stories about corporate groups and so have we. Let us show you why not all groups are created equal and how we’re building a culture to be the employer of choice.
Don’t just take our word for it.
Hear from previous sellers about their experience:
Thinking of selling your practice?
You probably have a lot of questions. These are the most common questions we get but we’re here to answer anything.
Click any question to jump to that section:
What's going to change?
We have a dedicated operations team to help make integration smooth so that everyone is comfortable. Here’s a cheat sheet of things that do and do not change along with what that means to veterinarians.
|WHAT DOES AND DOES NOT CHANGE?||Hospital Owned||MVP Supports|
|Existing Standards of Care|
|Your Client Relationships|
|Benefits (401k, PTO, CE, Healthcare)|
|Human Resources (People Solutions)|
|Finance & Accounting|
|Talent Acquisition (Finding & Hiring Staff)|
|Marketing (New Website + Marketing Support)|
How can I prepare my team?
The more open and transparent you are with your team, the better the transition goes. In our experience, your team will trust your leadership and the decision to choose MVP as your partner of choice. The most important thing you can do is to be honest with them.
Here's how you can prepare your team:
Why should I choose MVP?
Honestly, the truth is maybe you should choose MVP and maybe you shouldn’t.
Here's what we can tell you
Whoever you pick, you should try to know the leadership team (CEO, COO, Chief Veterinary Officer). More importantly, you should get to know the regional and local support, and understand how they will support you. If you don’t know those people or if you don’t get along with them, you shouldn’t partner with them. You should pick the group you are most comfortable with.
What we think you will find with MVP is that we have a leadership team comprised of individuals that have successfully run large organizations, but also grew up in a small family held business. We think that our backgrounds make us uniquely positioned to provide tremendous financial success for sellers while maintaining the family feel of the business.
Hear from previous sellers and team members about their experience with MVP:
What is MVP looking for in a potential partner?
MVP is highly selective in choosing hospitals to partner with, and our number one priority is ensuring that new members of the MVP family share our values and embrace our culture. Hear more from Evan Stephens, Executive Vice President of Business Development.
What is MVP looking for in a potential partner?
How can MVP help me grow my practice?
We don't buy failing hospitals; we grow successful hospitals.
We have world class talent ready to support the growth of your practice and empower your team to succeed. These are some of the things we can take off of your plate.
People Solutions (HR) and Culture Support
WHAT DOES A PARTNERSHIP LOOK LIKE? CAN I INCLUDE MY ASSOCIATES?
We pride ourselves on customizing every deal to meet your personal, professional, and financial goals. Here are some examples of different aspects of a deal, but we’ll work with you to find the best solution for your needs:
For the practice owner who wants to share in the upside of MVP's rapid growth. You get the same stock that our owners have.
Joint Venture or Co-Ownership
For the practice owner who wants to maintain some ownership in their hospital or work with MVP on opening a De Novo location. Under this model, you can also roll equity into MVP and get the best of both worlds.
For the practice owner who wants to provide financial upside and/or ownership opportunity to their associates.
We can offer any deal structure, but we believe that all-cash deals represent the biggest missed opportunity for sellers today. Groups that exclusively offer all-cash deals know how valuable rollover equity is and they choose not to share the financial upside with sellers.
How long do I have to stay?
We recognize that not every seller has the same timeline in mind and that every situation is different. While we hope that every partnership is a long one, if you’re ready for your next chapter, we will work on a mutually agreeable plan for your exit. All we ask is that you’re upfront and honest with us!
IN OUR EXPERIENCE, THERE ARE TWO SEPARATE TYPES OF SELLERS:
Ready for Retirement
If you’re towards the end of your career and ready to wind down, our team will help you find the right people to execute your succession plan.
Gas in the Tank
If you still have a lot of gas in the tank and want to keep growing, we will help drive growth so you can focus on clients and continue to grow in your career.
How does the process work?
We understand how important it is to find the right partner. Here’s the steps, oddly it’s similar to how you’d look at choosing your life partner. It’s as serious, if not more!
We get to know you, you get to know us and we both sign a mutual confidentiality agreement. MVP requests a specific list of financial and operations data from you which you provide to move to the next stage.
Deciding & Collaboration Stage
Are we meant to be together? Based on the information provided, we work together to discuss our valuation and craft a partnership that meets your goals. This stage includes delivery of a Letter of Intent to partner with MVP and collaboration to ensure alignment on all key terms of the partnership.
After agreeing to valuation and key terms, we sign and execute the Letter of Intent. This kicks off an approximately 90-day due diligence process.
Congrats! You’re now a part of the MVP family! You now get to work with your amazing MVP operational support team to grow your practice.
Finalizing the Partnership
This is not the 'end', this is simply the new beginning! Celebrate, take in the special time - and get excited for what the partnership will bring to you, your team, and your community. We'll begin our Year 1 Integration within the first 30 days!