About
Ellie Wattles, DVM
QUALIFICATIONS:
VETERINARY PRACTICE BROKER
AND
TRANSITION SPECIALIST
EXPERIENCE
- Transition specialist for veterinary practices and hospitals from 1992 to present, acting as an agent or consultant in over 363 acquisitions and transfers.
- Personally brokered the sale of over 215 veterinary practices and associated real estate.
- Negotiated, prepared and completed over 176 successful loan packages through various commercial lenders and the Small Business Administration’s lender programs.
- Personally visited over 567 different practices.
- Small and large animal practitioner in private practice from 1968 to 1972.
- Small animal practitioner in private practice from 1972 to 1997.
- Small animal practitioner in private practice from 2002 to 2005.
- Small and large animal practitioner from 1968 to 1972.
- Purchased, leased, exchanged, sold and financed greater than 31 personally owned residential and commercial properties from 1974 to present.
- Leased small animal and equine practice in Spring Valley, California from 1973 to 1976.
- Built a small animal practice in Rancho San Diego, California in 1975. Sold practice in 1978.
- Veterinary Medical Director at the San Diego Humane Society and SPCA 1979
- Worked in several separate practices as an independent contractor from 1978 to 1980.
- Purchased an established practice in Carlsbad, California in 1980 and sold the practice in 1997.
- Purchased an established small animal practice in 2002 and sold the practice in 2005.
- Hospital administrator of El Camino Veterinary Hospital, Carlsbad, CA from 1980 to 1997.
- Purchased national veterinary practice brokerage franchise and established Simmons and Associates – Pacific, Inc. June 1, 1992.
- Established Pacific Professionals Inc., a licensed real estate brokerage firm and California Corporation that brokers and appraises veterinary practices, February 2, 1994.
- President and Chief Executive Officer of Pacific Professionals, Inc.
LICENSES AND CERTIFICATES
Licensed and accredited veterinarian, State of California Licensed, Department of Real Estate, State of California
EXPERT WITNESS
Superior Court, Merced California, January 1994. Superior Court, Chula Vista, California, February 1994.
SPEAKER AND AUTHOR
Annual Seminar in Practice Transitions at the Wild West Veterinary Conference, 1993 to 2006 Article, “The Right Stuff, Making the Transition from Associate to Owner”, Strategies for Success, Veterinary Economics, Supplement Winter 2001
MEMBERSHIP
American Veterinary Medical Association American Animal Hospital Association: Management Associate California Veterinary Medical Association San Diego County Veterinary Medical Association: Board of Directors for 8 years Santa Barbara-Ventura Veterinary Medical Association Southern California Veterinary Medical Association Association of Veterinary Practice Management Consultants & Advisors - Charter Member Professional Management Consultants Association
EDUCATION AND TRAINING
University of Arizona 1962 to 1964
Colorado State University 1964 to 1968; D.V.M., 1968 Simmons and Associates, Inc. 1992 to 1994 An associate with Simmons and Associates, Inc., which is a national organization that brokers and appraises veterinary practices. University of California San Diego Real Estate Law Real Estate Finance Mira Costa College Economics Real Estate Principles Real Estate Practice Advanced Income Property Appraisal Palomar College Escrow Ventura College Real Estate Appraisal
Rick Wattles, DVM
QUALIFICATIONS AS
VETERINARY PRACTICE
APPRAISER
EXPERIENCE
Performed over 444 practice appraisals and sales valuations, including 36 dispute resolution/arbitration cases, five small animal mobile, nine mixed animal, seven equine practices, two dairy practices, 16 emergency/critical care clinics, several specialty and goodwill/intangible assets valuation, 295 medical equipment valuations and over 399 practice income projections for buyers and lenders.
- Chief Analyst and Valuator of the corporation involved in the sale of over 363 veterinary practices and associated real estate
- Private practice as a small animal practitioner from 1973 to 2005
- Personally visited over 594 different veterinary practices
- Small animal and large animal practitioner from 1973 to 1976
- Purchased, leased, exchanged, sold and financed greater than 31 personally owned residential and commercial properties from 1974 to present.
- Leased small animal and large animal practice from 1973 to 1975
- Built a small animal practice in 1975 and sold practice in 1978
- Worked in 30 separate practices as an independent contractor from 1975 to 1980.
- Purchased an established small animal practice in 1980 and sold the practice in 1997.
- Purchased an established small animal practice in 2002 and sold the practice in 2005.
- Worked in 21 separate practices as an independent contractor from 1992 to 1993.
- Purchased national veterinary practice brokerage and appraisal franchise, June 1, 1992
- Established Pacific Professionals, Inc., a licensed real estate brokerage firm and California corporation that brokers and appraises veterinary practices, February 2, 1994
- Chief Financial Officer of the corporation
LICENSES AND CERTIFICATES
Licensed and accredited veterinarian, state of California
Licensed by Department of Real Estate, state of California
American Society of Appraisers
Certificates for Levels I, II and III Business Valuations
Appraisal Standards Board
Certificate in the Uniform Standards of Professional Appraisal Practice
Institute of Business Appraisers, Inc.
Candidate for Certified Business Appraiser
University of California, San Diego
Candidate for Certificate in Accounting
DESIGNATED EXPERT WITNESS
Superior Court, Cheyenne, Wyoming, July 1993
Superior Court, Vista, California, December 1994
Superior Court, San Diego, California, March 1995
Superior Court, Santa Ana, California, December 2000
Superior Court, San Diego, California, March 2001
Superior Court, Los Angeles, California, April 2001
Superior Court, Los Angeles, California, January 2006
ASSOCIATION MEMBERSHIP
American Veterinary Medical Association
California Veterinary Medical Association
Santa Barbara-Ventura Veterinary Medical Association
Veterinary Information Network
Association of Veterinary Practice Management Consultants & Advisors: Charter Member
Professional Management Consultants Association
Institute of Business Appraisers
Phi Zeta and Phi Kappa Phi Honor Societies
SPEAKING AND PUBLICATIONS
Annual Seminar in Practice Valuation at the Wild West Veterinary Conference, 1993 to 2006
Article, Compliance with Federal OSHA in Veterinary Hospitals, Veterinary Forum, 08-93
Article, Fundamental Factors in Practice Valuation, Strategies for Success, Veterinary Economics, Supplement Winter 2002
EDUCATION AND TRAINING
University of California at Davis
Bachelor of Science in Physiology, 1969
Doctor of Veterinary Medicine, 1973
University of California at San Diego, 1992 to 1998
Financial accounting curriculum
Financial accounting and analysis: 4 courses
Industrial regulation
Mira Costa College, 1991 to 1994, Ventura College 2006
Real estate principles
Appraisal mathematics
Real estate appraisal
Advanced income property appraisal
Simmons and Associates, Inc., 1992 to 1994
Practical training in appraisal and veterinary practice valuation
Institute of Business Appraisers, Inc. 1992 to 2007
Valuation of closely held businesses and professional practices
Data sources and data evaluations
Determination of discount and capitalization rates
Risk analysis
Market comparables
Valuing professional goodwill; Determining business damage
American Society of Appraisers, 1994 to 2001
Ethics and Professional Appraisal Practice
Level I: Cost and market approach; data gathering and analysis
Level II: Income approach; report writing
Level III: Case study using all approaches
Level IV: Advanced topics
Uniform Standards of Professional Appraisal Practice
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