TD Bank has added a new Health Care Practice Solutions Group to broaden its services for private medical, dental and veterinary practices.

The new specialty lending division will underwrite loans of up to $12 million for practices with revenues up to $20 million throughout TD Bank’s coverage area. The company’s specialties include equipment loans, practice mergers/acquisitions, partnership buy-ins or buy-outs, real estate loans and refinancing. This new financing group will deliver specialized solutions and larger loans to support dentists, optometrists/ophthalmologists, veterinarians, orthodontists, oral surgeons and small physician practices.

“Medical professionals have unique financial needs and circumstances, and it benefits practitioners to work with a bank that understands the health care business model,” Dan Croft, head of health care practice solutions at TD Bank, said in a statement. “Our team of experts can offer counsel to professionals from physicians just starting out, juggling medical school loans while setting up an office, to retiring dentists looking to sell or close their practice.”

TD Bank’s Institutional Health Care Group is led by Emmet Conlon, senior vice president, head of health care, north, and Colleen Mullaney, senior vice president, head of health care, south.

Additionally, TD Bank hired four specialists, spanning from Maine to Florida, one of whom was hired locally: Jim Brady has been named market manager of the new group, which will based in metro Boston. Prior to joining TD Bank, he was a vice president of the health care solutions group at Citibank and a business development officer with GE’s health care practice solutions group.

TD Bank Expands Offerings For Health Care Practitioners, Adds Local Lending Specialist

by Banker & Tradesman time to read: 1 min