TD Bank’s Healthcare Practice Solutions Group closed a $4.3 million term loan and line of credit for Asthma & Allergy Centers owned by Prasad M. Nataraj, M.D.
The funding will support a refinancing and the acquisition of additional practice locations in Columbia and Frederick, MD.
“We were particularly excited to work with Dr. 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. “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.
TD’s HPSG underwrites loans of up to $20 million for practices with revenues up to $30 million throughout TD’s Maine to Florida footprint with a special focus on medical practices, dentistry, veterinary and eye care.
