Press release
More Medical Professionals Can Become Business Owners as Practice Pathways Expands to 50 States
With patient volume returning, opportunities on the rise for acquiring a private practice SALT LAKE CITY--(BUSINESS WIRE)-- More medical specialists looking
About this update from Zions Bancorporation N.a.
[{"type":"text","content":"\nWith patient volume returning, opportunities on the rise for acquiring a private practice\n\n SALT LAKE CITY--(BUSINESS WIRE)--\nMore medical specialists looking to start or acquire a practice can receive support for their venture through Zions Bancorporation’s Practice Pathways program, which has now expanded to all 50 states across the country. Practice Pathways focuses on lending solutions for dentists, veterinarians, optometrists, physicians and pharmacists.\n\nWhile private practices faced headwinds from 2020 shutdowns, consumer confidence in scheduling visits is rising. April 2021 marked the highest month for dental patient volume in a poll first launched in March 2020. The “pandemic puppy” trend bolstered veterinary revenue 7% from 2019 to 2020.\n\nTo help acquisition-ready specialists purchase private practices, Zions Bancorporation Practice Pathways offers a designated relationship manager as the sole point-of-contact to provide a variety of services, including:\n\n\nPractice acquisition loans\n\n\nDebt consolidation and refinancing\n\n\nReal estate, multi-practice and equipment financing\n\n\nStartup, improvement, expansion or relocation\n\n\nU.S. Small Business Administration financial solutions\n\n\nWorking capital loans and lines of credit\n\n\nPractice Pathways offers a streamlined application process, with most applications receiving a response within 24 business hours. Competitive fixed-rate and variable-rate options with terms up to 15 years are available to maximize cash flow.\n\n“Medical professionals excel in their respective fields of medicine and patient care, but they also need support on the business side to start or acquire a practice,” said David Kirby, senior vice president and director of Practice Pathways. “As optimism for the future grows among professionals, we are here to share our knowledge and help them successfully transition into business owners.”\n\nHealth practice owners can feel confident working with Practice Pathways after Zions Bancorporation received the 2020 Best Brand recognition in the category of “Trust” among small and mid-sized businesses surveyed by leading financial industry consultant Greenwich Associates. Zions was awarded 18 Excellence and Best Brand awards in 2020, demonstrating dedication to providing the highest-quality cash management products and exceptional customer s...