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Dear Clients, Colleagues, and Friends,
Greetings and Happy Holidays from all of us at Summit Veterinary Advisors! With the holidays upon us, we would like to wish you and your loved ones a happy holiday season and peace, health, and prosperity in 2023.
If one thing is constant, it’s that things are always changing. This past year has been one of transition as we all cautiously returned to an updated version of life as we know it. The world is once again traveling for work and play, students are back in school for the most part, and families are celebrating holidays together in person. Veterinary hospitals have seen some degree of normalcy return, as clients are welcomed back inside the building. The chaotic revenue growth in 2020 and 2021 has cooled to a more manageable – and more typical – level in 2022. It’s still hard to find doctors and veterinary nurses, and all employees command more in terms of compensation and benefits.
While working with you this past year, Summit went through several notable transitions. Our long-term office manager, Lisa, left to pursue a new opportunity in Canada, Dawn came on board to fill Lisa’s shoes, and Leslie sold the business to Tera. Why was the sale the last thing mentioned? Because other than someone new being your first point of contact and a new mailing address, you won’t notice many differences. Tera has implemented some updates to the way you receive bills, but nothing has changed in the way we work with our clients and colleagues.
This year Summit helped clients start new practices, buy practices, and clean up their accounting software. We’ve helped managers and owners get a better understanding of which numbers matter the most and how to track and improve them. As our accounting staff has expanded, we have offered more bookkeeping services to new and established practices. While some clients sold to consolidators in 2022, we saw many more offer ownership interests to associates.
Whatever 2023 has in store, Summit is here for you, just as we have been since 1998. Some of the faces have changed, but our commitment to our clients and the veterinary profession is as strong as ever. We look forward to demonstrating that commitment to you in the coming year. Until then, we offer our sincere thanks for your trust, your friendship, and your ongoing commitment to your patients, clients, and the veterinary profession.
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