Our client, a busy physician, came to us to discuss his medical practice, which employed 80 professionals including doctors, nurses and administrative staff. While the practice was profitable, he was concerned that it might be at risk due to cash flow challenges.
Customized, integrated solutions
We immediately put in place a working capital line of credit for the practice to create liquidity as needed. We also set up a customized line of credit to cover short-term cash flow gaps. During our discussions, we learned that the medical practice was co-owned with another physician and that no plans were in place to deal with an early death of either partner. Our financial professionals helped with: