TD Bank Provides $4.3MM in Financing to Asthma & Allergy Centers



TD Bank’s Healthcare Practice Solutions Group (HPSG) closed a $4.3 million term loan and line of credit for Asthma & Allergy Centers, a growing healthcare business crucial to the communities and residents it serves.

The loan will aid in the company’s organic expansion and support practice refinancing and the acquisition of two additional practice locations in Columbia and Frederick, MD. This is one of several healthcare multi-location group practice deals that TD has funded through its HPSG.

“We were particularly excited to work with [owner Dr. Prasad M. Nataraj] due to his genuine passion for caring for patients, as well as his willingness to immediately prioritize responding to patient needs to ensure they constantly feel cared for,” said Dan Croft, head of the Healthcare Practice Solutions Group at TD Bank. “Our locally-based team was glad to have the opportunity to leverage our healthcare and market expertise to support the client’s group practice model expansion plans to continue to add locations, ranging from Maryland to Florida.”

Established in 1995, The Allergy & Asthma Center is one of the largest, single allergy, asthma and immunology practices in Maryland. Nataraj owns 17 total practices with other locations in Virginia, Florida and Washington, D.C. The Centers’ teams of healthcare professionals serve adults and children of all ages, and the practice is guided by its emphasis on patient-centered, compassionate medical care, patient education and empowerment, and modern, innovative medicine.

“I was extremely happy with how smooth and professional my experience was with TD Bank and the local Healthcare Practice Solutions Group,” said Nataraj. “In addition, there was a personal side to this transaction due to the relationship that previously existed with the team. This process was a pleasant transaction and we look forward to the newly established relationship with TD Bank. We also look forward to doing future business together as TD offers continued support of our growth and expansion.”

In addition to receiving financing through TD Bank, the practice transferred its full banking relationship to TD Bank, including deposits, treasury management and merchant solutions.

 

 


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com