Lenders For Health Care Acquisition

searcher profile

March 11, 2021

by a searcher from New York Chiropractic College in Baltimore, MD, USA

I have a deal under LOI for a health care practice with multiple providers and revenue streams including PT, chiro and medical. Current SBA lender won't do the deal without an MD on the ownership team. Any lenders out there have experience in dealing with this? Open to non-SBA options as well.

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commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
Hello Randy. Many SBA lenders will take a pass due to concerns about operational management without having a Doctor as owner. However, if you are in a State that does not require it, we have done some deals in the past and have lenders that would be willing to look at it under that scenario. Feel free to reach out at anytime at redacted or message me here. Thank you.
commentor profile
Reply by a lender
from University of Missouri in St. Louis, MO, USA
Hi Randy, we have looked at these before. feel free to email me at redacted and we can discuss. Some states prohibit this but others you can own these without your own license. Just have to see what the employment situation is and what the plan is when (not if) the current care providers leave and how easily they can be replaced
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