Sell or Buy a Veterinary Practice in Illinois

Veterinary Practice Overview

Illinois veterinary practices serve pet owners and animal owners with medical care, preventive services, and emergency treatment. The industry benefits from strong pet ownership trends and increasing spending on pet healthcare.

Veterinary practices benefit from recurring wellness visits, loyal client relationships, and growing demand for specialty services. Success depends on client retention, service mix, and staff quality.

Veterinary Practice Valuation

Practice Type	Multiple Range	Basis
Small Animal	3.0x - 5.0x	SDE
Mixed Practice	2.5x - 4.0x	SDE
Emergency/Specialty	4.0x - 6.0x	SDE
Large Animal/Equine	2.0x - 3.5x	SDE

Key Valuation Factors

Active clients: Number of active patient files and retention
Revenue per client: Average transaction value and visits
Service mix: Wellness, surgery, dental, specialty services
Staff quality: Veterinarians and technicians willing to stay
Facility: Equipment, location, and capacity

Selling a Veterinary Practice

Key Selling Considerations

Client files: Active patient count and medical records
License documentation: DEA, state veterinary, and controlled substance licenses
Equipment inventory: Medical equipment, diagnostic tools, surgical equipment
Staff retention: Veterinarians and technicians committed to staying
Transition planning: Client introduction and handoff period

Illinois Regulatory Compliance

Illinois Veterinary License (IDFPR)
DEA Registration (controlled substances)
Illinois Controlled Substances License
Facility registration and inspection
Radiation safety compliance (if applicable)
Medical records retention requirements

Complete Selling Guide →

Buying a Veterinary Practice

Key Buying Considerations

License requirements: Illinois veterinary license and DEA registration
Client file verification: Active patient count and trends
Equipment assessment: Age and condition of medical equipment
Staff interviews: Meet veterinarians and key staff
Transition support: Seller involvement during transition

Complete Buying Guide →

Veterinary Practice Types

🐕 Small Animal

Dogs, cats, and small pets.

🐴 Large Animal

Horses, cattle, livestock.

🏥 Emergency

24/7 emergency care.

🔬 Specialty

Surgery, oncology, cardiology.

🐾 Mixed Practice

Small and large animal combined.

🐦 Exotic

Birds, reptiles, exotic pets.