The money & the law of veterinary medicine
From Pets to Profits
Legal and financial clarity for veterinary professionals — with a dry wit.
Each briefing, Joseph Coury (the finance read) and Tyler Jones, JD (the legal read) break down the money-and-law stories actually moving the profession — the deals, the capital, the contracts, the risks — and what they mean for you.
Two reads, every time
Finance & law, together
Every story gets broken down twice — the money side from Joseph, the legal side from Tyler. The two views that actually decide your outcome.
The stories of the moment
A running briefing
Not one topic dissected to death. Each issue rounds up the handful of deals, rules, and risks moving vet med right now.
Straight, and a little dry
The class vet school skipped
Contracts, cash flow, valuation, private equity, the fine print — explained like a smart friend, with no jargon and no filler.
It's not conspiracy. It's not evil. It's gravity.
Big money found veterinary medicine because money goes where the returns are. We follow it — and tell you what it means for the people who own and work at the practices.
The Briefings
What we get into
Each briefing is a roundup — the money-and-law stories moving veterinary medicine right now, usually a handful at once, each one read two ways. Here's the latest.
Briefing No. 01 · June 2026 · Finance × Law
Big money found veterinary medicine — and the cycle is turning.
The short version of what we told a room of WSVMA veterinarians: where the money comes from, what's actually inside today's deals, and the Washington law that just changed the game for every associate.
- 01The three kinds of capital circling the profession
- 02Why the boom has cooled
- 03The headline multiple isn't the deal
- 04What "corporate" actually means
- 05The Washington non-compete earthquake
- 06The quiet comeback — corporates selling clinics back to owners
Topics we cover
The whole landscape, two lenses.
Legal
Valuation
EBITDA
Pricing
Ownership
Exit Strategy
Deal Room
Contracts
Risk SignalAbout the show
The business education vet school skipped.
From Pets to Profits is a briefing on the business of veterinary medicine — the money and the law — built from candid conversations between Joseph Coury and Tyler Jones on the deals, contracts, and ownership decisions that shape the profession.
We talk through contracts, cash flow, valuation, taxes, private equity, employment issues, and the fine print that rarely shows up in vet school but always shows up when the stakes get expensive.
Joseph brings the finance lens. Tyler brings the legal lens.
No jargon. No filler. Just the parts that cost you money if you get them wrong.
The newsletter is here now. The podcast is on the way — same two voices, longer form.
Meet the hosts
Two professionals. One does the finance, one does the law.
Joseph is CFO at Urban Animal and has spent years translating the financial architecture of veterinary medicine — deal structures, capital cycles, EBITDA multiples — into language practice owners and associates can actually act on.
Tyler practices veterinary-specific M&A law at Helsell Fetterman. He's handled dozens of practice sales and re-sales, corporate restructurings, and associate employment agreements — and has seen every clause that comes back to haunt people.
Suggest a topic
Got a clause that burned you?
A deal that didn't smell right, a number you couldn't make sense of, a question vet school never answered — tell us what to get into next.
The next briefing
Come learn the game
before you play it.
Every issue, the money and the law of veterinary medicine — straight, and worth your time. No slides to sell you.
Free. A few minutes, every couple of months. Unsubscribe anytime.