Maine micro-market
Healthcare practice financing in Waterville, Maine
Direct answer
Kennebec County carries 2 SBA healthcare approvals worth $1,896,500, and inside Waterville the census shows 316 enumerated clinicians against 17,336 residents, 182.3 per 10,000, 23 percent of them in physical, occupational, and speech therapy. Lewiston-Auburn, ME lies 40 miles away.
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- Population: 17,336 residents (10K-25K band)1
- Healthcare providers registered here: 316 across 27 fields2
- Median household income: $47,4893
- Largest provider field: Physical, occupational, and speech therapy: 74 registered providers2
- Medicare-certified providers in town: 3 across 3 categories4
- Nearest metro: Lewiston-Auburn, ME, 40 miles1
The clinical base a lender can verify here
316 providers across 27 fields, 182.3 per 10,000 residents, counted at Waterville addresses in the NPPES monthly file
| Practice type | Count | Rate per 10,000 residents | Published by |
|---|---|---|---|
| Physical, occupational, and speech therapy | 74 | 42.7 | NPPES [2] |
| Primary care and family medicine | 65 | 37.5 | NPPES [2] |
| General dentistry | 26 | 15.0 | NPPES [2] |
| Optometry and ophthalmology | 22 | 12.7 | NPPES [2] |
| Behavioral and mental health group practices | 19 | 11.0 | NPPES [2] |
| Specialty physician groups | 15 | 8.7 | NPPES [2] |
| Dental specialties | 12 | 6.9 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 12 | 6.9 | NPPES [2] |
| Chiropractic | 11 | 6.3 | NPPES [2] |
| DME and HME suppliers | 9 | 5.2 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 9 | 5.2 | NPPES [2] |
| Independent pharmacy | 8 | 4.6 | NPPES [2] |
| Non-medical home care | 8 | 4.6 | NPPES [2] |
| Med spa and aesthetics | 4 | 2.3 | NPPES [2] |
| Podiatry | 2 | 1.2 | NPPES [2] |
| Dermatology | 2 | 1.2 | NPPES [2] |
| Home health | 2 | 1.2 | NPPES [2] |
| Urgent care | 2 | 1.2 | NPPES [2] |
| ASCs and OBLs | 2 | 1.2 | NPPES [2] |
| SUD treatment and residential | 2 | 1.2 | NPPES [2] |
| NEMT and ambulance | 2 | 1.2 | NPPES [2] |
| Audiology and hearing centers | 2 | 1.2 | NPPES [2] |
| Hospice and palliative | 2 | 1.2 | NPPES [2] |
| ABA and autism therapy | 1 | 0.6 | NPPES [2] |
| Plastic and cosmetic surgery | 1 | 0.6 | NPPES [2] |
| Telehealth and virtual clinics | 1 | 0.6 | NPPES [2] |
| Occupational health and drug testing | 1 | 0.6 | NPPES [2] |
| Medical equipment suppliers | 12 | CMS [4] | |
| Ambulatory surgical centers | 1 | CMS [4] | |
| Hospice providers | 1 | CMS [4] | |
| Home health agencies | 1 | CMS [4] |
A single Waterville practice can hold more than one of these numbers. 23 percent sit in physical, occupational, and speech therapy, counted as clinicians rather than as owners.
What Kennebec County credit files already show
The county file holds 2 healthcare approvals, which is a thin comparable set for anyone pricing collateral
| Line | Amount | Reading and source |
|---|---|---|
| Healthcare files approved | 2 | Fiscal year published in the SBA file [5] |
| Dollars behind them | $1,896,500 | Sum of approvals to healthcare borrowers [5] |
| Typical approval size | $948,250 | Dollars divided by approvals [5] |
| Credit offices operating locally | 64 | Credit intermediation establishments, NAICS 522 [6] |
How this data lands in an underwriting decision
At 182.3 clinicians per 10,000 residents, the catchment radius in a projection has to be defended rather than assumed. A short county record of 2 approvals usually means more documentation and a lower advance against the same collateral. A $47,489 median household income here sets the ceiling on what an elective or cash-pay line can be expected to carry.
Programs the Waterville mix reaches for
- Practice acquisition
- Startup and de novo
- Expansion, relocation, and build-out
- Working capital term loan
- Equipment financing and leasing
Weighted by how often each of the 27 local fields reaches for a program, not by what is easiest to refer. Maine rules and the partner decide availability.
Underwriting by field in Waterville
Drawn from the fields that actually practice here: physical, occupational, and speech therapy, primary care and family medicine, general dentistry
| Field | What the file turns on | The capital event behind most requests |
|---|---|---|
| Physical, occupational, and speech therapy (74) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Primary care and family medicine (65) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
| General dentistry (26) | Three years of collections history, Hygiene as a share of collections, Overhead ratio and owner add-backs | Acquisition of an established practice |
Column one counts Waterville clinicians from the federal file. Columns two and three describe how the field is usually underwritten, and a partner can read a Waterville file differently.
Waterville against nearby Maine markets
Density is the number that moves an appraisal: 182.3 per 10,000 here
| Market | Population | Clinicians | Density per 10,000 | Distance in miles |
|---|---|---|---|---|
| Waterville (current) | 17,336 | 316 | 182.3 | |
| Augusta | 19,168 | 569 | 296.8 | 15 |
| Lewiston | 38,772 | 687 | 177.2 | 40 |
| Auburn | 25,200 | 263 | 104.4 | 43 |
| Bangor | 32,446 | 858 | 264.4 | 47 |
| Westbrook | 21,386 | 282 | 131.9 | 67 |
| Portland | 69,568 | 1,794 | 257.9 | 68 |
Distance, income, and the wage floor around Waterville
Lewiston-Auburn, ME lies 40 miles from Waterville, close enough for rent comparables to travel and far enough that patient draw does not. Households here carry $47,489 in median income, and that ceiling decides how much of a treatment plan gets started rather than deferred. With no hospital in town, a projection has to name where referrals and coverage come from. Campus terms, not calendar quarters, set the busy months in Waterville.
Nearby Maine towns
Waterville owners, answered
01How many providers practice in Waterville, and in what?
NPPES lists 316 providers at a Waterville practice address, 182.3 per 10,000 residents across 27 tracked fields. Physical, occupational, and speech therapy accounts for 74 of them, 23 percent of the total, with primary care and family medicine next at 65. Read that as clinicians: 316 enumerations, not 316 owners.
02What does Kennebec County's shortage designation change?
The primary care, dental, mental health designation HRSA carries on Kennebec County is a recruiting instrument: it puts repayment incentives in front of candidates, which is how a hiring plan for 17,336 residents gets past the question of who would take the job.
03Why does Kennebec County show so little SBA activity?
Only 2 healthcare approvals appear for Kennebec County in the published 7(a) and 504 file. Thin volume in Kennebec County is a transaction count, not a verdict on borrowers here. The county still holds 64 credit intermediation establishments.
04Is Waterville underwritten as part of Lewiston-Auburn, ME?
Comparables and demand split at 40 miles. An appraiser prices the lease and the equipment off Lewiston-Auburn, ME; the revenue line has to hold up against 17,336 local residents.
05Which fields carry the volume in Waterville?
Physical, occupational, and speech therapy at 74 providers and primary care and family medicine at 65 lead the 27 fields enumerated here. A funder reads that mix as the local competition set and the local hiring pool at once, before it reads a single line of your own numbers.
06What does a $47,489 median income mean for case acceptance?
Median household income in Waterville runs $47,489. On elective and cash-pay work that is the number a funder converts into case acceptance, and it sets how much of a treatment plan a projection can assume gets started rather than deferred.
Sources
- 1U.S. Census Bureau, Population Estimates, vintage 2024
- 2CMS NPPES, monthly full replacement file
- 3U.S. Census Bureau, ACS 5-year 2023, table B19013
- 4CMS Care Compare provider datasets
- 5U.S. Small Business Administration, 7(a) and 504 approvals
- 6U.S. Census Bureau, County Business Patterns 2022
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