In this article
Healthcare practices (medical, dental, veterinary, physiotherapy and more) have some of the most expensive equipment needs of any small business. Many practitioners also need capital for growth and for buying a practice.
Equipment Commonly Financed
- Imaging equipment (X-ray, ultrasound)
- Dental chairs and related equipment
- Surgical tools and sterilization equipment
- EMR (electronic medical records) systems
- General clinic furnishing and buildout equipment
Practice Types Served
Financing is not limited to physicians and dentists. Veterinary clinics, physiotherapy practices, optometrists and chiropractors have similar equipment and build-out needs, and the same kinds of financing fit them well.
Practice Acquisition Financing
Buying an existing practice, often from a retiring practitioner, is one of the most common healthcare financing needs. The practice usually comes with patients and a revenue history. Lenders can therefore judge the purchase largely on the practice's own financials, not only the buyer's personal history.
Clinic Expansion and Buildouts
Whether you open a new location or expand an existing one, you face build-out costs: leasehold improvements, equipment and furnishings. Owners often combine this with equipment financing for the clinical equipment.
Navigating Provincial Health System Complexity
Provincial billing systems such as OHIP in Ontario or RAMQ in Quebec can leave a gap between giving care and getting paid. Working capital financing bridges that gap. Lenders who know healthcare billing see this as normal, not as a red flag.
