My wife has been in medical field for over 20+ years. We have the opportunity to take over majority shares and potentially purchase another Pulmonary and Orthopedic practice. We are looking for a loan of 200K over a 6-10 year term and possibly some shares in company. Office is currently a ARPN General Practitioner and we are looking at adding a Second ARPN to staff. Office Revenue was over 200K the first 2 years in business. Pulmonary office has been in business for 10+ years and fully credentialed with all major insurance. The Doctor is looking to partially retire in the next year or so. We would be looking for a Doctor to come in and take his place prior to retirement. The Orthopedic office just lost Doctor due to cancer and have a replacement Doctor that may be willing to take over the part time schedule until a more permanent Doctor is available. The Orthopedic office was generating 60+ K with workman’s comp. visits and a prescription medication dispensing. We have also been approached about a medical billing company that would also be looked into. Would loan each entity the portion to minimize risks with one entity holding whole loan unless for a managing partners LLC to oversee each practice. Terms are fully flexible with investor terms.
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