We and a dentist operating partner are teaming up to start a dental service organization (DSO) with the goal of acquiring pediatric dental practices and holding them for the long term. We are close to a LOI on our first practice and have a few other practices in the pipeline. As we explore debt opportunities for the initial 3-5 acquisitions, we have found that a number of lenders either don't get involved this early or if they do get involved they will require joint and several personal guarantees (which we would prefer to avoid if possible). Another option we have discussed is to fund the first acquisition with 100% or equity plus a seller note, and to approach a lender once we have proven the model.
Does anyone have an experience of feedback navigating sponsor financing for a healthcare business?
Similarly, we would love to talk to or get connected with any lending partners that may be interested in financing our first few acquisitions, and preferably beyond as we plan to grow this business for the long haul.
Thank you in advance!
Looking for a healthcare lender for dental service organization (DSO)
by a searcher from Santa Clara University - Leavey School of Business
More on Searchfunder
Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
159 views
10 comments
Sign in to see all replies.
Create an account.