ADA Member Advantage announced that Panacea Financial has been selected as the endorsed practice financing company recommended for member dentists.
“After a lengthy review, the ADA Member Advantage board of directors selected Panacea Financial because of their expertise in working with doctors and ability to provide financing solutions specifically designed to meet the needs of dentists,” said Bill Bulman, chair of the ADA Member Advantage board of directors.
“We are proud to announce our relationship with the American Dental Association,” said Tyler Stafford, CEO and co-founder of Panacea Financial. “Our organizations’ mutual commitment to dentists is at the core of this collaboration. This partnership further signifies Panacea’s unwavering dedication to providing specialized financial solutions, empowering dentists to elevate their practices and deliver exceptional patient care."
Panacea Financial is a doctor-founded division of Primis Bank, member FDIC.
ADA members can start, build and grow their practices through specialized credit structures, industry-leading decisioning times, concierge-level service available beyond 9 a.m. to 5 p.m. and experienced advice while enjoying the member-exclusive pricing of a 0.25% discount on already competitive rates, Mr. Stafford said.
Additionally, ADA members will not be charged origination fees on any dental practice loan, a $3,570 value.
Mr. Bulman said his board was impressed by the expertise and resources available to ADA members.
“Their dedicated focus on dentists, their experienced practice financing team, and their solutions to finance not only practice acquisition and expansion but partner buy-ins and group expansions really show an understanding of the evolving state of dentistry in this country,” Mr. Bulman said.
"Panacea Financial exists to help doctors and having helped thousands of doctors and their practices across the country, we have seen the positive impact we can have for dentists as they strive to deliver the best care to their patients," said Michael Jerkins, M.D., president and co-founder of Panacea Financial. "Panacea continues to provide innovative ways to support dental practice owners through an evolving dental industry, and we are excited for the opportunity to meet the needs of even more dentists through this partnership."
For more information about the new endorsement, visit panaceafinancial.com/ada.