Portfolio

Legend Orthopedics / Augusta Aiken

Project Details


Project Type:
Merger & Acquisition
Amount:
$3,300,000
State:
Georgia
The merger of two orthopedic practices in Georgia required the consolidation of the real estate holdings from both groups. CMAC supported the physicians in refinancing an existing building, allowing them to pull cash out, and securing personal loans to facilitate the resulting buy-ins. This enabled doctors from both practices to become equal owners of the combined real estate. Additionally, the group secured financing for a new urgent care center.

Through CMAC's comprehensive process to vet the market, the group saw competitive proposals from several banks, which led the incumbent bank to present improved rates & terms. Despite some timing challenges during the process, CMAC remained committed to keeping things on track, ensuring a smooth and timely closing. The doctors were pleased to stay with their bank and close on a well-structured deal that positioned the newly merged practice for long-term success. CMAC continues to work with the group to secure additional financing for a new MOB/ASC which is expected to close next year.