Episode 12: The 2025 Veterinary Market Update

EP 0012

Bill Murray talks with Chris Howard, National Sales Manager from Bank of America’s Veterinary Lending Team, and explores what’s really happening in the veterinary market today. From rising associate ownership to the impact of technology and financing trends, they discuss how veterinary owners can adapt, invest wisely, and position their hospitals for long-term success in a changing economy.

In this in-depth conversation, Bill and Chris discuss the latest trends shaping the veterinary industry in 2025, including the growing interest among associates in ownership, the importance of technology and client communication, and how to manage rising costs without sacrificing profitability. Whether you’re preparing to sell, expand, or buy your first hospital, this episode offers practical insights and encouragement for every stage of ownership.

Listen to the full episode:

We’re also on Apple & Spotify Podcasts, or watch us on YouTube:

• Takeaways

  • The veterinary market is seeing a resurgence in practice ownership.

  • Associates are increasingly interested in ownership opportunities.

  • Technology is crucial for improving practice efficiency and profitability.

  • Communication with clients about care is essential for maintaining visit frequency.

  • Investment in practice facilities is vital for attracting buyers.

  • Interest rates should not deter investment in practice ownership.

  • The trend of specialization in veterinary surgery is growing.

  • Veterinary practices need to adapt to rising costs of goods and labor.

  • The future of the veterinary market looks promising with increased activity.

  • Building a strong team and seeking mentorship is key for aspiring practice owners.

• Chapters

  • 00:00 Veterinary Market Overview

  • 02:55 Trends in Veterinary Practice Ownership

  • 06:04 The Impact of Technology on Veterinary Practices

  • 09:08 The Associate Veterinarian Perspective

  • 11:52 Navigating the Sale of Veterinary Practices

  • 14:54 Investment and Expansion in Veterinary Practices

  • 17:58 Financial Insights and Future Outlook

  • 20:52 Advice for Aspiring Practice Owners