Medivet's new Deferred Payment Plan

For a limited time, Medivet has launched a new Deferred Payment Plan option within its Branch Partnerships to open up practice ownership to more clinicians than ever before.

Here’s how it works – 

1. The Branch Partner pays just a 10% deposit on their equity 
2. The remainder of the payment is then deferred for up to 10 years - by which time the equity value will have increased.
3. A Branch Partner then has number of options to pay off the balance of their equity – either repaying the balance early or after a period of 10 years
4. The Deferred Payment allows Branch Partners to become Practice Owners without the financial burden of large bank loans 

Charlotte recently became a Branch Partner using our Deferred Payment Plan – read more about her experience:  

‘With just a 10% deposit, Medivet were prepared to give me the equity in the clinic with no upfront payment needed. I didn’t need to go to a bank or secure a huge loan.’ 

‘The Deferred Payment Plan allows a Branch Partner to pay Medivet for the equity at a later date. The 10% deposit required can either be self-funded or provided by a small business loan that Medivet help organise.’

‘After a few short phone calls the 10% deposit was organised and I was ready to become a business owner!’

The Partner has number of options to pay for the equity; repaying the payment early or after a period of 10 years, giving everyone the flexibility to organise their own finances and cash flow. As the Partner grows their clinic and see their earnings increase, they could either pay down the Deferred Payment periodically or use the guaranteed exit multiples that the new Branch Partnership Agreement provides.

Charlotte continues,

‘When I combined the Deferred Payment Plan with the new Branch Partner Agreement, I can really plan my financial future. As the clinic grows, I can see my equity value growing. It’s amazing to think that the longer I stay the more valuable my equity becomes. This allows me to use the value I have created to act as a means of paying for the equity purchased on day one’.  

‘I always thought that qualifying as a vet and earning a good living was my ultimate objective. I assumed that clinic ownership simply wasn’t an option for someone from my background and with my financial means. Medivet Branch Partnership transformed my career opportunities and has extended my horizons beyond what I thought possible. I am so excited to have the chance to grow in a completely new way!’.

The Benefits of our Deferred Payment Plan:

The Deferred Payment Plan allows vets to purchase shares by putting down just 10% of the investment cost and with the option to defer payment of the 90% for 10 years.

In that 10 years a Branch Partner may choose to pay off what they owe.  They may sell their clinic and pay back what they owe then, or dilute their shares which will have grown in value.  This makes financing options flexible to suit different personal circumstances.

• There are no high monthly loan repayments so its affordable
• There is no need to borrow against personal assets
• It allows vets with no personal assets to purchase shares
• The Branch Partner doesn’t need large personal finances to purchase shares
• It avoids paying high bank interest rates 

Click here to organise a call with one of our Branch Partnership team about clinic ownership and our Deferred Payment Plan option.