The MedTrust Capital Blog

The Latest Information on Medical Practice Financing

Practice Financing: Stock Vs. Asset Dental Practice Purchases

asset_vs_stockThere are different ways to structure the sale of a dental practice.

The two most common are stock sales and asset sales. If you’re doing your homework on an upcoming dental practice sale or purchase, you need to understand the difference between a stock sale and an asset sale.

What’s the difference between a dental practice stock sale versus a dental practice asset sale? read more…

Neat Things in Denver from MedTrust Capital

MedTrust Capital Group is proud to sponsor the upcoming ADMC 2016 meeting in Denver.  Dayna Johnson and Kevin Henry made this informative video for attendees. Definitely worth watching!

 

We’d like to add in a couple neat things we found online about Denver that might be worth checking out!

Buckhorn Exchange.  Denver’s original steakhouse, The Buckhorn Exchange is located in the city’s oldest neighborhood, just 5-minutes from downtown Denver — with a light-rail stop right across the street. This National Historic Landmark and Western Museum has been serving the finest in Old West fare since 1893! It’s also packed to the brim with a variety of taxidermy animals.  I’m not sure how I feel about eating steak and having a dead bear in the room with me, but it does seem like something you can’t find anywhere else.

The Forney Transportation Museum. The Forney Museum of Transportation is a one-of-a-kind collection of over 600 artifacts relating to historical transportation. Sounds boring at first, but there are steam locomotives, aircraft, and automobiles all from a bygone era on display.

The Blue Mustang. At the airport you’ll see a 32-foot sculpture of bronco. The sculpture is the work of artist Luis Jiménez. The mustang represents the spirit old American west, but it might also be cursed. In 2006 the artist died after a section of the 9,000-pound sculpture fell on him and severed an artery in his leg. Unveiled to the public in 2008, the statue’s fierce face immediately attracted critics who called it scary and ugly.

Denver is an exciting town at the foot of the great Rocky Mountains—the de-facto capital of the Mountain West, the most populous city in Colorado, and truly a cultural crossroads of the United States.

MedTrust Capital is a proud platinum sponsor of the 2016 ADMC Meeting in Denver.

Practice Financing Success Stories in the Making

Image result for dollar signThis month MedTrust Capital Group was able to secure $650,000 in financing with no challenges for a brand new pediatric urgent care clinic opening soon. A simple idea will soon be a successful new clinic thanks to the hard work of the practice and MedTrust Capital.

Also closing recently was a $460,000 loan which was referred to MedTrust Capital Group by a well-known practice consultant. This particular practice was a more challenging situation. The veterinarian who needed financing had a problematic 540 credit score. Using MedTrust’s credit analyzer, we guided the doctor through the necessary steps to raise their credit score to 680, help the clinic refinance existing debts, and in the process save the client $6,000 every month.

Whether the practice financing situation is a challenge or not, MedTrust Capital Group is the medical professional’s and practice consultant’s choice for  smart financing. If any of these recent deals sound like a practice financing situation you’re facing, let us know.

No “One Size Loan” Fits All Optometry Practice Financing Needs

Optometry practice financing, specifically optometry practice financing for independent optometry practices has never fit into a single-sized box. Recently the growth of national optometry chains, the growth of online shopping, and the general shifts toward price transparency and away from personalized customer service experiences have created an environment where independent optometry practices are at a major crossroads in choices of traditional funding.

 An administrator shaking hands with a doctor as the rest of the team looks on
Elizabeth Spaulding of Bain and Company writes, “Independent optometry faces a major challenge. Will the industry remain stable, with approximately 50% market share for overall vision care (including optometric services as well as materials like glasses and contact lenses), or will it be forever changed by the same market pressures that have disrupted other industries like books, consumer electronics and independent pharmacies?”
Some independent eye care professionals have taken the initiative of pooling their existing resources into independent professional organizations, such as PECAA. PECAA members are not required to do business with the approved vendors, but the stamp of approval provides an easy and cost effective away for the independents to reach the services and products they need.
MedTrust Capital Group, as an independent correspondent lender understands the challenges of independence in a volatile marketplace.
At MedTrust Capital, an optometrist (or their manager/consultant) isn’t a number. Because we are an independent boutique lender, our clients can call us, day or night with questions about the status of their loan. If you are an independent optometrist, a PECAA member or not, we’d love to talk about what you’re planning and how we can help.

Where Do Doctors Get Loans?

Where do doctors get loans?

Because of the unique opportunities and challenges that doctors present to a lender, the answer isn’t as simple as it sounds. Is the doctor seeking a commercial real estate loan? Is the doctor seeking working capital? Where do Doctors get loans?Perhaps the doctor is expanding their practice? The details matter. Today traditional sources of lending for doctors, especially independent health care professionals are drying up. Many doctors find themselves turned down by the lenders they’ve used in the past.

Where do doctors get loans? read more…

MedTrust Capital Announces New Vendor-Partnership with PECAA

MedTrust Capital Group is proud to announce its new vendor-partner ship with PECAA, the Professional Eye Care Associates of America.  As a vendor-partner, MedTrust joins an elite group of world-class companies supporting independent eye care professionals.

MedTrust Capital provides independent eye care professionals with exceptional, personalized one-on-one customer service during their entire financing process. With a diverse range of lending programs, MedTrust Capital Group can assist any PECAA member practice with buying a new practice, debt consolidation/refinance, expansion finance, equipment loans, working capital. or a combination of these. Qualified PECAA members will also be able to take advantage of MedTrust Capital Group’s 0 down commercial real estate loans.

PECAA members enjoy the confidence of using vendor-partners that are committed  to promoting and protecting their independent eye care practices. While members are not required to use the vendor-partners, their members can trust that the services the partners provide are fully vetted and that each company offers aggressive programs and pricing structures designed to increase profitability.

MedTrust Capital Group and PECAA look forward to a long-lasting and mutually beneficial partnership.

Another MedTrust Success Story

MedTrust Capital  financed a veterinary clinic this week with a veterinarian clinic financing2.859 million dollar loan to help build a second floor to their growing clinic. Unlike the bank the clinic had previous loans with, MedTrust Capital was able to provide financing based on the clinic’s expected future profits due to the expansion.

MedTrust Capital is the proven boutique-service, niche lender for medical professionals– like veterinarians. Contact us today and let our experts help you get the financing you thought was out of reach.

Closed!!!

new closed transactionMedTrust Capital Group finalized a 1.48 million dollar dental practice acquisition loan this week.

The client, who was referred to us by a practice broker,  is a well-established dental practice in the Midwest.  Over three months ago the dental practice went to one of the big box banks for financing.

After waiting three months, financing was rejected.

When the broker turned to the dental practice acquisition experts,  MedTrust Capital Group worked to get the loan approved in 7 business days.

Now that the broker and the dental practice have established a relationship with MedTrust, they have begun to refer other practices to MedTrust Capital Group for lending needs.

The Dentists Choice for Financing

Dr. Sanjeev Sharma of Excel Dental has been a MedTrust Capital Group client for the last three years. Dr. Sharma writes, “I consider it an honor that patients come to me for their care, and feel blessed to have the opportunity to send so many wonderful smiles out into the world!”

“My patients put a great deal of trust in me. I put a similar amount of trust into MedTrust Capital Group for my practice’s financing needs. Jay and his team have helped me with financing four different dental practices, including a zero down loan for a practice sale. He provides expert advice which allows me to focus on my patients and not the bottom line.”

“When dentists in my community or professional organization ask for a recommendation on lender, I endorse MedTrust Capital Group. Many of these dentists have become MedTrust clients, as well.”

As Dr. Nguyen of California writes, “Other banks didn’t understand our practice, but MedTrust really came through by refinancing our practice and real estate. They were able to improve our cash flow by over $180,000 per year despite the fact that we were previously turned down by other lenders.”

MedTrust is the lender that medical professionals trust, because MedTrust understands medical practices, including dental clinics and specialty dental clinic financing.

If your dental practice is seeking financing, get in touch with MedTrust Capital Group, today.