One of our specialisms within the Banking team is providing advice to lenders and healthcare professionals when putting in place funding to set up or expand their businesses. We have in-depth knowledge of the structure, regulatory requirements, tax position and specific concerns for all types of businesses in the healthcare sector, including:

• GPs (both property-owning partnerships and practising GP partnerships)

• Dentists

• Pharmacists

• Veterinarians

• Care home providers

• Children’s day nursery providers

Whether the transaction involves a sole trader, partnership, LLP or limited company, and whether it is a purchase of shares or assets, we have the expertise to guide you and your lender through every step of the process.

Examples of recent work in this area include:

• Acting jointly for a pharmacy group and the bank refinancing a portfolio of seven leasehold pharmacies.

• Acting for a lender funding the acquisition of rival pharmacies by way of three separate share purchase agreements. Reviewing and advising on the terms of the agreements and putting in place legal charges over 10 pharmacies, new debentures over four companies, personal guarantees and a cross-company guarantee between 14 companies.

• Acting for the bank funding the amalgamation of seven GP practices into one partnership, and the acquisition of nine freehold surgery premises.