Physicians Capital Difference

Physicians Capital was founded to fill a void in healthcare financing by providing loans to physicians and to corporate entities in the outpatient services industry. The repayment for our loans is based on cash flow from the ambulatory surgery center (ASC), radiation, dialyses, or other outpatient centers instead of substantial personal or corporate assets. Today, we service a multitude of corporate and physician loans throughout the country.

Since the founding of Physicians Capital, we have been committed to helping physicians expand their sources of income through physician buy-in loans for an ASC ownership interest. We strive to lend 100% of the funds that a physician needs to complete such a transaction. The purchased ownership in the ASC is used as the collateral for the loan. Our loans are primarily underwritten based on the financial performance of the center, and the primary repayment source for the loan is the distribution from the ASC.

This same process can be used when financing Physician buy-out loans. This type of loan may be needed when a group of physician owners want to buy out an underperforming or retiring physician.

In addition to physician loans, Physicians Capital is able to provide a variety of financing options to individual outpatient centers and to management companies, including working capital loans, equipment loans and certain special purpose loans, including loans for center consolidations.  The founding principals’ combination of healthcare finance and healthcare operations led them to recognize the growing need for these financial services. We understand the untapped asset value of an ownership interest in an outpatient center and in its potential for cash flow generation.

Principals

D. Shannon LeRoy - CEO and Managing Director
D. Shannon LeRoy has extensive experience with financial service companies, including two successful start-up banking operations. He started and managed the Nashville Loan Production Office for Dominion Bankshares of Virginia. During this tenure, he made a number of early stage healthcare loans to Surgical Care Affiliates, HealthTrust and American Healthcorp. In the late eighties, he joined First Union Corporation in the formation of a new bank in Tennessee and became responsible for all retail and commercial banking activities. He led the growth of this banking operation to over $250 million by focusing on high-growth service businesses, healthcare and private banking. Since 1995, LeRoy has been active in a number of private equity and venture capital investments; has served on numerous company boards; and has been a partner in Rodgers Capital Group, a boutique merchant bank in Nashville. He earned a BA from the University of North Carolina at Chapel Hill in 1978.

Douglas B. Lewis – CDO and Managing Director
Using his diverse and in-depth healthcare industry experience, Doug Lewis is responsible for business development. Formerly an HCA hospital administrator and vice president of development, he has completed over thirty development projects within the not-for-profit sector. Lewis collaborated with three partners as a founder and vice president of development and acquisitions of OrNda HealthCorp. He was a founder and chief development officer of Psychiatric Solutions. Lewis holds a BA and a Juris Doctorate from the University of Mississippi and an MHA from Virginia Commonwealth University (MCV). He is a Fellow in the American College of Health Care Executives and a member of the Mississippi Bar Association.

Walker Choppin – Chief Financial Officer
Walker Choppin managed the healthcare banking division for U.S. Bank in Nashville from 2001 before joining Physicians Capital in 2009. He managed the healthcare banking group for Bank of America in Nashville from 1984 until 2000 and served as the treasurer for Tennessee Natural Gas Lines in 1980 and as the CFO for America Service Group (a provider of contracted healthcare services to correctional agencies) in 2000. He is a graduate of Vanderbilt University with an MBA from the University of North Carolina at Chapel Hill.

Laura McFadden – Senior Development Officer
Laura McFadden’s extensive experience in the financial services industry includes involvement in the creation of a new bank in Tennessee. She has served as a commercial banker for First Union Corporation and as director of professional development and training for SunTrust Bank. At Sun Trust, she was responsible for coordinating much of the financial, credit, sales and product training for commercial bankers. Since 1996, she has managed her own consulting business, helping financial and health care companies with their sales, service and human resource functions. She holds a BA and an ME from Vanderbilt University and sits on numerous boards.