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Veterinary Practice Valuation Multiples (2026)
EBITDA & revenue sale multiples, deal flow, and active acquirers - based on 42real disclosed M&A transactions in the veterinary practice space. Run the calculator below to price your business at current multiples.
State of VeterinaryM&A in 2026
The veterinary practice M&A market is tracked across 42 disclosed transactions in the ExitValue.ai database (32 with EBITDA disclosed, 24 with revenue). The current market trend is consolidating.
Active acquirers include Silver Lake Group / Shore Capital, Shore Capital Partners / Silver Lake Partners, BDT & MSD Partners (credit facility) / Compass Group Equity Partners (sponsor), Grey Wolf Animal Health Corp.. Recent named transactions: Mission Veterinary / Southern Veterinary (2024); Southern Veterinary Partners / Mission Veterinary Partners Merger (2024); CareVet (Credit Facility) (2024).
Premium valuations in veterinary are driven by multi-dvm staffing with retention bonuses already in place (corporate buyer requirement); geographic fit for active consolidators (mars/vca, nva, thrive, pathway); diversified revenue (services + retail + grooming reduces concentration risk).
What compresses valuations: single-dvm owner-operator (corporate buyer pool walks, forced into vet-to-vet sale); associate planning to leave within 12 months of sale (deal-breaker for corporate); revenue under $1m (below corporate-buyer transaction-cost threshold).
Source: SEC filings, EDGAR 8-K/S-4, and verified press releases. Run the calculator below to see the specific multiples that apply to your business.
Recent named M&A deals in veterinary
Most-recent disclosed transactions. Click any deal for full detail (multiples, financials, source).
Sourced from SEC filings, EDGAR 8-K/S-4, and verified press releases.
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What drives a premium valuation
- ●Multi-DVM staffing with retention bonuses already in place (corporate buyer requirement)
- ●Geographic fit for active consolidators (Mars/VCA, NVA, Thrive, Pathway)
- ●Diversified revenue (services + retail + grooming reduces concentration risk)
What compresses valuation
- ●Single-DVM owner-operator (corporate buyer pool walks, forced into vet-to-vet sale)
- ●Associate planning to leave within 12 months of sale (deal-breaker for corporate)
- ●Revenue under $1M (below corporate-buyer transaction-cost threshold)
Veterinary valuation: common questions
How is a veterinary business valued?
Veterinary Practice businesses are valued by benchmarking against comparable completed M&A transactions, then adjusting for the specific business. Owner-operator practices are typically priced on an earnings or seller-discretionary-earnings basis, while businesses at platform scale shift toward institutional earnings-multiple methodology. The ExitValue.ai engine selects the methodology that the comparable deal set actually used and adjusts for margin quality, growth, owner dependency, customer concentration, and recurring-revenue mix.
What drives veterinary practice valuation?
The biggest value levers in veterinary practice are recurring or repeat revenue, owner independence (the business runs without the founder), customer diversification (no single client dominates), a credible growth trajectory, and operating-margin quality relative to the vertical. In this space specifically, buyers pay up for multi-dvm staffing with retention bonuses already in place (corporate buyer requirement); geographic fit for active consolidators (mars/vca, nva, thrive, pathway); diversified revenue (services + retail + grooming reduces concentration risk).
How many veterinary practice M&A deals are tracked?
ExitValue.ai tracks 42 disclosed veterinary practice M&A transactions, 32 with EBITDA disclosed, 24 with revenue disclosed, sourced from SEC filings, EDGAR 8-K/S-4 documents, and verified press releases and refreshed daily. Current market trend: consolidating.
Who buys veterinary practice businesses?
Veterinary Practice businesses are acquired by strategic acquirers (larger operators in the same space), and private-equity platforms and roll-up consolidators, and unknown. Recent named acquirers include Silver Lake Group / Shore Capital, Shore Capital Partners / Silver Lake Partners, BDT & MSD Partners (credit facility) / Compass Group Equity Partners (sponsor), Grey Wolf Animal Health Corp..
What is my veterinary business worth?
Run the ExitValue.ai veterinary calculator to see your business priced against the 42 disclosed veterinary practice transactions in the database. The engine applies adjustments for margin, growth, owner dependency, customer concentration, and recurring revenue mix to produce a tight range around the most-likely transaction value.
More on veterinary practice valuations
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- Value a veterinary practice· run the calculator
- Who buys veterinary practice businesses?· active buyers
- Recent deal: CareVet (Credit Facility)· comparable transaction
- Who acquired CareVet (Credit Facility)?· buyer profile
- How to value a veterinary practice· long-form guide
Methodology details: how ExitValue computes valuation ranges · full veterinary calculator