Recent Closed Transactions

Mar

15

2019

Raleigh, NC
Dental Practice Sale
Mar

15

2019

Raleigh, NC
Dental Practice Sale
Scenario: General Dental Practice For Sale in Raleigh, North Carolina.

Sale / Loan Terms: Sold For $769,000!

Close             
Feb

04

2019

Peabody, MA
Dental Practice Sale
Feb

04

2019

Peabody, MA
Dental Practice Sale
Scenario: General Dental Practice Sale in Peabody, Massachusetts.

Sale / Loan Terms: Sold For $595,000!

Close             
Dec

28

2018

Gainesville, VA
Dental Practice Sale
Dec

28

2018

Gainesville, VA
Dental Practice Sale
Scenario: The sellers of a very successful General Dentistry practice in Gainesville, VA contacted 1st Med Transitions looking to sell their practice.

The practice showed an increasing collection trend over $2 Million.

At 1st Med Transitions, we saw the opportunity this practice provided to the right buyer / buying group/

After creating a marketing buzz and generating multiple offers, we were able to find the perfect fit.

- Practice Listed for $1.85MM - Practice Sold for $2.47MM - Close Date: 12/28/2018

Sale / Loan Terms: Sold For $2,470,000!

Close             
Jun

25

2018

Fort Worth, TX
Dental Practice Sale
Jun

25

2018

Fort Worth, TX
Dental Practice Sale
Scenario: The seller of a successful General Dentistry practice in Fort Worth, TX, with 50 % of Medicaid patients contacted 1st Med Transitions looking to sell her practice.

The practice consistently showed collections of $700K+.

At 1st Med Transitions, we saw the opportunity this practice provided to the right doctor.

After creating a marketing buzz and reviewing the practice with over 40 potential buyers, we were able to find the perfect fit.

- Practice Listed for $525K - Practice Sold for $515K - Close Date: 6/23/2018

Sale / Loan Terms: Sold For $515,000

Close             
Mar

05

2018

Houston, TX
Dental Practice Sale
Mar

05

2018

Houston, TX
Dental Practice Sale
Scenario: The seller of a General Dentistry practice in Houston, TX, with a high % of Medicaid patients contacted 1st Med Transitions looking to sell her practice.

The practice had historically had collections of ~$300K, but recenlty popped to $500K+. Although the most recent tax return verifying had not been filed yet.

At 1st Med Transitions, we saw the opportunity this practice provided to the right doctor.

After creating a marketing buzz and reviewing the practice with over 40 potential buyers, we were able to find the perfect fit.

- Practice Listed for $350K - Practice Sold for $300K - Close Date: 3/05/2018

Sale / Loan Terms: Sold For $300,000

Close             
Feb

09

2018

Rockville, MD
Dental Practice Sale
Feb

09

2018

Rockville, MD
Dental Practice Sale
Scenario: The seller of a this General Dentistry practice in Rockville, MD contacted 1st Med Transitions looking to sell her practice.

The practice was only started up 3+ years ago, but experienced nice growth year over year.

The question was how to accurately price this practice. Due to the year over year growth, it was tough to value the practice solely of tax returns. We determined that a trailing 12-month financial statement would better reflect the true value of the practice.

After creating a marketing buzz and reviewing the practice with over 30 potential buyers, we were able to find the perfect fit.

- Practice Listed for $575K - Practice Sold for $535K - Close Date: 2/9/2018

Sale / Loan Terms: Sold For $535,000!

Close             
Aug

31

2017

Allen, TX
Dental Practice Sale
Aug

31

2017

Allen, TX
Dental Practice Sale
Scenario: The seller of a General Dentistry practice in Allen, TX contacted 1st Med Transitions looking to sell her practice.

There were some hurdles to overcome, specifically the market saturation and declining revenue due to seller health concerns.

At 1st Med Transitions, we saw the opportunity this practice provided to the right doctor.

After creating a marketing buzz and reviewing the practice with over 50 potential buyers, we were able to find the perfect fit.

- Practice Listed for $525K - Practice Sold for $515K - Close Date: 8/31/2017

Sale / Loan Terms: Click Here For Details

Close             
Dec

09

2016

San Antonio, TX
Dental Practice Sale
Dec

09

2016

San Antonio, TX
Dental Practice Sale
Scenario: The seller of a Sleep Apnea practice in San Antonio, TX contacted 1st Med Transitions looking to sell his practice.

He was unsure of the valuation due to the specialty nature of the business and the larger than normal margins.

At 1st Med Transitions, we saw the opportunity this practice provided to the right doctor.

We were able to secure a buyer who felt the same way and was willing to pay 100% of collections.

- Practice Listed for $799K - Practice Sold for $725K - Close Date: 12/9/2016

Sale / Loan Terms: Sold For $725,000

Close             
Jul

14

2015

Windham, ME
Dental Practice Acquisition
Jul

14

2015

Windham, ME
Dental Practice Acquisition
Scenario: A very successful Dentist was looking to purchase additional practices in neighboring towns and cities from his current practices. 1st Med Financial had already secured financing for two other practices that the doctor purchased in April 2015. The Dentist, currently has an opportunity to purchase a practice for $1.2 million. The doctor only needed financing for $910K since the seller would be staying on and holding a second note on the practice.

The doctor felt very comfortable coming back to 1st Med Financial. We already helped him get loans on two other practices. The doctor appreciated the level of advice and expertise that 1st Med Financial provided on his previous deals.

1st Med Financial worked with the doctor and all affiliated parties to get financing in a very short time frame.

Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital..

Closed: 07/14/2015

Sale / Loan Terms: $910K DENTAL PRACTICE 4TH LOCATION ACQUISITION, 5.68%, 10 YEAR FIXED TERM

Close             
Jun

26

2015

Portland, TX
Dental Practice Acquisition
Jun

26

2015

Portland, TX
Dental Practice Acquisition
Scenario: A general dentist in Texas who had over 20 years of experience decided to finally take the leap and purchase a practice about 100 miles from his current home. He had the opportunity to purchase a practice for $290K and would also need an additional $30K for working capital during the transition.

The doctor came to 1st Med Financial for help since there were a couple of hurdles that he needed to get over in order to get financing. The main issue was that the practice being purchased had a little bit of a downward trend in collections over the last couple of years. 1st Med Financial was able to see that the main reasons for this trend was the selling dentist was getting ready to retire and was referring out almost all specialty work.

Since the purchasing dentist was proficient in most of the procedures being referred out, we were able to show that revenues would increase when he took over. 1st Med Financial worked with the doctor, the seller, and all affiliated parties to get over these hurdles.

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

Closed: 06/26/2015

Sale / Loan Terms: $320K DENTAL PRACTICE ACQUISITION, 5.75%, 10 YEAR FIXED RATE & TERM

Close             
May

06

2015

Hattiesburg, MI
Dental Practice RE Acquisition
May

06

2015

Hattiesburg, MI
Dental Practice RE Acquisition
Scenario: A successful Dentist in Mississippi was looking to purchase the building where he was currently leasing space.

Unfortunately he was already turned down by a bank and thought that purchasing the real estate might not be possible. He decided to give 1st Med Financial a call even though he did not expect much. To his surprise he was able to obtain an financing for the purchase of the building, and the consolidate his practice debt.

SBA 7(a) Practice Financing structured to purchase the real estate and consolidate the practice debt along with loan related soft costs.

Closed 05/06/2015

Sale / Loan Terms: $1.6MM General Dental Practice RE Sale

Close             
Apr

22

2015

Massachussettes
Dental Practice Acquisition
Apr

22

2015

Massachussettes
Dental Practice Acquisition
Scenario: A very successful Dentist was looking to purchase additional practices in neighboring towns and cities from his other practices. He had a great opportunity to purchase his 4th overall practice for $200K.

The doctor came to 1st Med Financial for help since there were a couple of issues that he needed to get over in order to get financing. We were already working with him on getting his 3rd practice acquisition and he had recently purchased two other practices in the last 12 months.

The other issue was to make sure that the Doctor was not growing too big too fast. We analyzed his global cash flow to make sure this additional acquisition made sense.

1st Med Financial worked with the doctor and all affiliated parties to get over these hurdles.

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

Closed: 04/22/2015

Sale / Loan Terms: $200K DENTAL PRACTICE 4TH LOCATION ACQUISITION, 5.68%, 10 YEAR FIXED TERM

Close             
Apr

22

2015

Maine
Dental Practice Acquisition
Apr

22

2015

Maine
Dental Practice Acquisition
Scenario: A very successful Dentist was looking to purchase additional practices in neighboring towns and cities from his other practices.

The doctor came to 1st Med Transitions for help since there were a couple of hurdles that he needed to get over in order to acquire the practice. He had recently purchased two practices in the last 12 months and he was finding it difficult to get additional financing. The other issue was understanding the doctor's business plan and get comfortable that this practice was a good fit for him.

1st Med worked with the doctor and all affiliated parties to get over these hurdles.

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

Closed: 04/22/2015

Sale / Loan Terms: $715K DENTAL PRACTICE 3RD LOCATION ACQUISITION, 5.68%, 10 YEAR FIXED TERM

Close             
Mar

23

2015

Desoto, TX
Dental Practice RE Construction
Mar

23

2015

Desoto, TX
Dental Practice RE Construction
Scenario: An experienced Dentist was looking to purchase land and construct a new office so he could relocate his practice. The timing of the deal was important as he wanted to close and construct the new building and have 1 to 2 months left on his current lease. This would allow him to have enough time to help with the transition. He was also looking for $50K for new equipment and $20K for working capital.

The Dentist had started talks with the developer when he contacted 1st Med. We discussed his available options and made sure that the project would be viable from both a cash flow and time-frame perspective.

100% Financing structured to purchase land, construct new building, new equipment, working capital and loan related soft costs.

12-month interest only followed by P&I payments.

Closed: 03/23/2015

Sale / Loan Terms: $680K DENTAL PRACTICE REAL ESTATE CONSTRUCTION, 6.00%, 25-YEAR TERM, 5-Year Fixed Resets at Prime + 2.75%

Close             
Jan

09

2015

Wynne, AK
Dental Practice Acquisition
Jan

09

2015

Wynne, AK
Dental Practice Acquisition
Scenario: A recent dental school graduate (6 months out) was working as an associate for a practice in Arkansas. He had the opportunity to purchase the practice for $500K and would also need an additional $50K for working capital during the transition.

The doctor came to 1st Med for help since there were a couple of hurdles that he needed to get over in order to get financing. The main issue was that the doctor only had 6 months experience as an associate. The plan was also to assume the current mortgage for the dental office building from the seller at closing. 1st Med Financial worked with the doctor and all affiliated parties to get over these hurdles.

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

Closed: 01/09/2015

Sale / Loan Terms: $550K DENTAL PRACTICE ACQUISITION, 5.94%, 10 YEAR TERM - FIXED RATE

Close             
Jan

05

2015

Naperville, IL
Dental Practice Acquisition
Jan

05

2015

Naperville, IL
Dental Practice Acquisition
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

Sale / Loan Terms: $550K ORAL SURGERY SECOND PRACTICE ACQUISITION, 5.68%, 10 YEAR TERM - FIXED RATE

Close             
Jun

27

2014

Cherry Hill, NJ
Dental Practice Acquisition
Jun

27

2014

Cherry Hill, NJ
Dental Practice Acquisition
Scenario: An oral surgeon associate was looking to purchase the practice he was currently working at. The practice consisted of two locations in NJ and was very successful.

The doctor came to 1st Med Financial for help. We were able to close the loan within 60 days of the initial conversation.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital of $150K.

Closed: 06/27/2014

Sale / Loan Terms: $2.45MM ORAL SURGERY PRACTICE ACQUISITION, 5.75%, 15-YEAR TERM - FIXED RATE FOR 5 - YEAR TERM; ADJUSTS EVERY 5 YEARS

Close             
Jul

10

2013

Weatherford, TX
Dental Practice Acquisition
Jul

10

2013

Weatherford, TX
Dental Practice Acquisition
Scenario: An experienced dentist was looking to purchase a pediatric practice approximately 200 miles from his current home. After receiving sub par financing offers from major banks, he came to 1st Med for help.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital needs.

Closed: 07/10/2013

Sale / Loan Terms: $750K DENTAL PRACTICE ACQUISITION, 5.43%, 10-YEAR TERM - FIXED RATE FOR 5 - YEAR TERM; ADJUSTS EVERY 5 YEARS

Close             
May

06

2013

Wilton Manors, FL
Dental Practice Expansion
May

06

2013

Wilton Manors, FL
Dental Practice Expansion
Scenario: A previous client of 1st Med was ready to expand his practice into the 2nd half of the building he purchased a year ago. Of course we were happy to help.

100% SBA 7(a) Practice Financing Structured to provide for 4 new fully-equipped operatories and new waiting area.

Closed: 5/06/2013

Sale / Loan Terms: $503K DENTAL PRACTICE EXPANSION, 5.50%, 10-YEAR FIXED TERM

Close             
Aug

20

2012

Wilton Manors, FL
Dental Practice Building Acquisition
Aug

20

2012

Wilton Manors, FL
Dental Practice Building Acquisition
Scenario: Successful Dentist with a proven existing practice was looking to acquire the building his practice occupied.

Buyer & Seller negotiated a short sale to purchase the building. A win-win situation for both sides.

100% SBA 7(a) Financing structured for the building acquisition, loan related soft costs & working capital for reserves.

Closed 08/20/2012

Sale / Loan Terms: $503K DENTAL PRACTICE BUILDING ACQUISITION, 6.25% FIXED 25-YR TERM

Close             
Feb

10

2012

Naperville, IL
$500K Dental Practice Expansion (2nd Location)
Feb

10

2012

Naperville, IL
$500K Dental Practice Expansion (2nd Location)
Scenario: Successful dental practitioner with a proven existing location came upon a great location near his home. He approached 1st Med looking to expand into this market with a 2nd location.

100% SBA 7(a) Financing structured to take-out current practice debt and allow for Tenant Improvements ($200K), Equipment ($100K) and Working Capital ($50K).

Closed 02/10/2012

Sale / Loan Terms: $500K DENTAL PRACTICE EXPANSION, 100% FINANCING, 5.25% (PRIME + 2), 15-YEAR TERM

Close             
Sep

15

2011

Concord, NH
Dental Practice Start-Up
Sep

15

2011

Concord, NH
Dental Practice Start-Up
Scenario: Successful New England area Dentist looking to expand his practice with a 2nd location as a child focused medicaid general practice.

100% Conventional Financing structured for new Equipment Acquisition, Leasehold Improvements, Merchandise & Working Capital.

Closed 09/20/2011

Sale / Loan Terms: $805K DENTAL START-UP, 100% FINANCING, 6.97%, 10-YEAR FIXED TERM

Close             
Aug

24

2011

Austin, TX
Dental Practice RE Construction
Aug

24

2011

Austin, TX
Dental Practice RE Construction
Scenario: Successful General Dentist looking to acquire land and construct a new dental office for his 2nd location.

SBA 7(a) Propsoal Issued:

100% financing structured to purchase land, construct new building, purchase furniture, fixtures, and equipment, refinance existing practice debt and to provide working capital and loan related soft costs.

12-month interest only during construction followed by P&I payments.

Sale / Loan Terms: $1.9MM DENTAL BUILDING CONSTRUCTION PROJECT, 5.25% (Prime + 2), 25-YEAR TERM.

Close             
Apr

20

2011

Independence, MO
Dental Practice Expansion
Apr

20

2011

Independence, MO
Dental Practice Expansion
Scenario: Successful Perio dental practitioner had outgrown her current location. She entered into a new lease with her current landlord doubling the size of the practice, but was unable to find financing.

Enter 1st Med Financial. We were able to refinance her current debt, include all leasehold improvements, new equipment and working capital.

Closed: 4/20/2011

Sale / Loan Terms: $875K DENTAL PRACTICE EXPANSION, 5.25%, 10 YEAR TERM.

Close             
Feb

08

2011

Blackwood, NJ
Dental Practice Expansion
Feb

08

2011

Blackwood, NJ
Dental Practice Expansion
Scenario: Dentist w/ existing practice (5-Years) was presented with an opportunity to purhchase a Bank REO Bldg. to house his practice.

SBA 7(a) Loan Proposal Issued:

Structured 100% Financing for real estate acquisistion, consolidate equipment & practice debts and provided working capital for growth.

Sale / Loan Terms: $375K DENTAL PRACTICE EXPANSION & DEBT CONSOLIDATION, 5.25% 100% FINANCING. 25-YEAR TERM

Close             
Oct

22

2010

Gilbert, AZ
Dental Practice Acquisition
Oct

22

2010

Gilbert, AZ
Dental Practice Acquisition
Scenario: Associate Dentist looking to acquire the practice he was currently employed at. He was also looking to acquire the Bank Owned real estate which housed the practice simultaneously.

SBA 7(a) Loan Proposal Issued:

95% Financing (25K Injection) structured for Practice Acquisition, Real Estate Acquisition Working Capital and Loan Related Soft Costs.

25 Year fully amortizing loan

Sale / Loan Terms: $564K VETERINARY PRACTICE ACQUISITION, 5.25% 95% FINANCING ($25K Injection). 25-YEAR TERM

Close             
Sep

20

2010

Orlando, FL
Dental Practice Expansion
Sep

20

2010

Orlando, FL
Dental Practice Expansion
Scenario: Dentist looking to purchase a local competitor and merge the acquired practice with his current one.

SBA 7(a) Loan Proposal Issued:

Financing Structured for practice acquisition & to consolidated current practice debt at closing simultaniously.

Sale / Loan Terms: $1.31MM DENTAL PRACTICE EXPANSION, 5.25% 90% FINANCING, 10-YEAR TERM.

Close             
Aug

04

2010

Salt Lake City, Utah
Dental Practice Acquisition
Aug

04

2010

Salt Lake City, Utah
Dental Practice Acquisition
Scenario: Associate Dentist looking to purchase the practice he currently works at.

SBA 7(a) Loan Proposal Issued:

100% Financing structured for practice acquisition, working capital and loan related soft costs.

Sale / Loan Terms: $667K DENTAL PRACTICE ACQUISITION, 5.35% 100% FINANCING W/ SELLER HELD 2ND (10%). 10-YEAR TERM

Close             
May

19

2010

Bountiful, UT
Dental Practice RE Acquisition
May

19

2010

Bountiful, UT
Dental Practice RE Acquisition
Scenario: Dentist w/ existing practice was presented with an opportunity to purhchase a Bank REO Bldg. to house his practice.

Structured 98% Financing for real estate acquisistion, consolidate equipment & practice debts and provided working capital for growth.

Closed in 45 days: 5/19/2010

Sale / Loan Terms: $1.03MM DENTAL OFFICE BLDG. REO PURCHASE 5.25% $2,000 DOWN. 25-YEAR AMORT. INCLUDED $475K BLDG., $125K BUILD-OUT, $100K NEW EQUIP., $250k IN PRACTICE DEBT REFI, AND 50K IN WORKING CAP.

Close             

 

 

**some transactions listed completed through our sister company, 1st Med Financial

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