Closings Modal| $550K Oral Surgery 2nd Practice Acquisition

Date:

January 05, 2015

Practive Type:

Dental Practice

Scenario:

An experienced oral surgeon who owned a practice in Wisconsin was looking to purchase a second practice about 2-3 hours driving distance from his current location.

The doctor came to 1st Med Financial for help. The plan was to split his time at both practices. He would have an associate work a couple days at his current practice. Mean while, the selling doctor would work as an associate at the second practice for a contracted period of time.

100% Conventional Practice Acquisition Financing structured to cover the practice assets & goodwill.

Closed: 01/15/2015

Loan Terms:

$550K ORAL SURGERY SECOND PRACTICE ACQUISITION, 5.68%, 10 YEAR TERM - FIXED RATE