Heads Adele Creighton

“As healthcare industry specialists, we have the insights, professional contacts and expertise to identify future opportunities, assess business model relevance and support medical specialists with their business and personal growth goals – through the business lifecycle of fellowship to float.

Our specialist healthcare team are dedicated to providing business and personal healthcare banking and products and services to suit medical specialists.”

Adele Creighton
Head of Healthcare 

What we offer

Exertion Loans

Exertion Loans for specialists leveraging personal earnings based on net taxable income. Funds must be used for asset and/or income accretive purposes e.g. buying into a business, shares and property investment.

 

Goodwill lending

Cashflow funding for businesses, based on the goodwill value of medical practices, which may be used for activities such as mergers and acquisitions, practice fit-outs, or changes in equity ownership.

 

Sub-segment policies

Goodwill lending is sub-segment led meaning we have specific lending policies for general practice medical services, diagnostic businesses, day hospitals, veterinary services, and dental services. ​

Standard property loans

Competitive LVRs for residential owner occupied or investment properties and commercial owner occupied or investment properties.

 

Specialist team

Our specialist team can help your clients access unique products and tailored banking solutions for both personal and business requirements under the one business unit. 

 

Industry expertise

Our relationship managers have a deep understanding of the healthcare industry and the healthcare ecosystem. We provide thought leadership and industry insights to support business growth. 

Specialist Exertion Loan (SEL)

  • Ability to leverage personal earnings based on net taxable income

  • Funds must be used for asset and/or income accretive purposes e.g. buying into a business, shares and property investment

  • Specialist Exertion Loan provided when property lending is with Macquarie Business Banking.

Medical Business Goodwill Lending

  • In addition to lending to medical professionals, we also lend to healthcare businesses directly. We focus on the following modalities when it comes to goodwill lending: ​

    • General practice medical services​
    • Day hospitals​
    • Diagnostic services ​
    • Veterinary services​
    • Dental services​
  • Large clinic or multi-site practices, located in metro locations 

  • Lending is based on a multiple of EBITDA (e.g. 3.5 x EBITDA)

  • Consistent fees and profitable past trading performance (minimum two years) 

  • Security of tenure (long lease) or commercial premise ownership

  • Purpose for goodwill lending could be business acquisition funding, working capital, equity release, succession funding, medical equipment and cap-ex funding and acquisition of commercial premises

  • Commercial property owner-occupied LVRs available up to 75%. Interest only terms also available.

  • Minimum commercial group debt of $1M.

Standard property loans

  • Competitive LVRs for commercial owner occupied or commercial investment properties

  • Competitive LVRs for residential owner occupied or residential investment properties

  • Range of loan purposes are available including uses such as equity release and cash out  

  • Unlimited redraw on most facilities.

Read our case studies

Professional man using tablet in front of laptop

Case study 1

  • GP Group looking to restructure core debt facilities and remove freehold property and non-core business related entities from the security pool and set up a funding line for future medical centre acquisitions   
  • Refinance of existing core debt into a Fully Drawn Advance (FDA) of $1,200,000 (P+I over a 10-year schedule)
  • Revolving Line of Credit (RLOC) facility of $500,000 secured for the purpose of future acquisitions. Funding amount is approved based on existing practice profit without reliance on new practice income.
  • First registered general security agreement (GSA) over the trading business and personal guarantee from directors. Residential property now unencumbered.
  • EBITDA of existing practice $600,000 – funding achieved at 2.83 x EBITDA
  • The group have a clear strategy and desired structure in place which current incumbent was unable to support. The resulting restructure allows client to free up security not related to the core business and have clear business loans secured against business assets.
  • The GP group’s directors personal banking requirements including their property portfolio lending was managed by the same relationship manager, under the one business unit.
Asian with glasses female doctor smiling and looking at documents on laptop in x-ray room

Case study 2

  • Recently fellowed and self-employed Ophthalmologist
  • Currently has four investment properties in the name of a trust lowly geared (less than 70% LVR) 
  • Wanted to cash-out to purchase a new owner occupied property
  • Total lend was $8 million via three home loans geared up to 80% LVR over 30 years P&I and a Specialist Exertion Loan over 10 years P+I to contribute the remaining in order to fund the new purchase.

Client case study

Partner at Vet HQ, and Macquarie Business Banking client Dr Jessica Green, shares how she and founder Dr Geoff Golovsky structure operations and culture to care for some of Australia’s smallest patients.  

Vet HQ

Talk to a BDM

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Download our Commercial Lending Guide

View our Commercial Lending guide to assess your client’s suitability for a product.

Learn more about healthcare

Access healthcare industry insights and thought leadership content.

Additional information

The information on this page has been prepared by Macquarie Business Banking, a division of Macquarie Bank Limited AFSL and Australian Credit Licence 237502 for general information purposes only. It doesn’t take into account your objectives, financial situation or needs, nor is it intended as a substitute for any accounting, tax or other professional advice, consultation or service – please consider whether it’s right for you.