January 27, 2026
Despite invoice declines and economic uncertainty, veterinary practice valuations remain near record highs. In this Q4 2025 update, Rich Lester explains what’s sustaining values and what it means for sellers.
More about this webinar
Rich Lester walks through the key forces shaping the veterinary M&A market at the close of 2025. Drawing on Ackerman Group’s proprietary transaction data and firsthand deal experience, this update helps owners understand what’s sustaining strong valuations, where risks are emerging, and how deal structures are shifting as buyers become more selective
Topics Covered:
- Why veterinary practice valuations peaked in early 2025 and why they’ve remained resilient despite four straight years of invoice declines
- How buyer confidence, deal structure complexity, and associate DVM retention incentives are influencing today’s sale outcomes
- What the SVP–MVP recap and broader private equity “tiering” mean for consolidation, competition, and valuation expectations heading into 2026