Veterinary Connections

Veterinary Hospice Care in Tampa, Florida is a specific approach to patient care that promotes quality of life for a terminally ill pet through the use of modern medicine. It is based on the principle that death can be experienced with dignity and as little pain as possible, all in the comfort of home surrounded by family.

Live Oak Bank is a proud sponsor of the Simmons Educational Fund. Specializing in educating practitioners about the business aspects of the veterinary world, Simmons is dedicated to improving the veterinary profession as a whole. In addition to bringing top-notch veterinarians and practices together on a national level, Simmons is also committed to nurturing and helping future generations of veterinarians. Every year, through its Business Aptitude Award Program, Simmons holds a nation-wide competition and awards $2,000 to a single veterinary student from each participating school. These winners then compete, based upon essay submissions, for a $10,000 prize and a trip to the Western Veterinary Conference held in Las Vegas.

Live Oak Bank has teamed up with Smart Start Practice™ to help promote the educational program they provide to veterinarians of all ages and practices in all stages. As lenders we are deeply interested in the financial success of our clients. Smart Start’s business administration training, a sort of mini-MBA, really helps their graduates master the fundamentals of business. Both companies support the continuing education of veterinarians across the nation.

Specializing in the Veterinary and Dental markets, TerWisscha Construction, Inc. (TWC, Inc.) has been providing architectural design and construction services for over forty years. From our inception in 1963, the ingenuity and integrity that our people possess has given us the reputation for conquering any type of project.

In recent years, veterinary practice appraisers have seen an increase in the number of practices with no value or an exceptionally low value (i.e., No-Lo Practice™). Quite unexpectedly, appraisers are also observing a significant change in the character of the No-Lo Practice in that the number of practices traditionally expected to be profitable has decreased, including practices that offer quality, progressive medicine with the latest equipment; are located in new, state-of-the-art facilities; and offer above average compensation packages to doctors and staff members. Owners in these practices may take home more than $200,000 per year but still have No-Lo Practices. If you are a practice owner or potential buyer, this publication is a must-read and includes:

• A discussion about how the trend developed and the common symptoms of a No-Lo Practice
• A worksheet specifically designed to estimate a practice’s true profitability
• Factors that cause low practice value
• Practical information about how to restore profitability and recapture lost value

The Association of Veterinary Practice Management Consultants & Advisors (AVPMCA) is taking a leading role in educating practice owners about this highly debilitating trend in the veterinary industry. Reading this publication in its entirety is your first step in ensuring your personal financial security.

Live Oak Bank is proud to support our client and friend, Dr. Matthew Wheaton in his push to create the best “no-kill shelter” in Laguna Hills, CA. The goal of Dr. Wheaton and his staff is to work with the community and animal rescue groups to provide a no-kill, temporary sanctuary for pets in need of a home. In this effort, they will provide a safe, clean and caring facility to effectively enable rescued pets to find a family. In addition, The Pet Rescue Center will allocate financial grants, as they are available, to assist families undergoing financial hardship to provide lifesaving treatments for their pets.