New Jersey micro-market
Healthcare practice financing in Dover, New Jersey
Direct answer
Morris County carries 13 SBA healthcare approvals worth $7,063,000, and inside Dover the census shows 145 enumerated clinicians against 18,909 residents, 76.7 per 10,000, 17 percent of them in physical, occupational, and speech therapy. New York-Newark-Jersey City, NY-NJ lies 36 miles away.
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- Population: 18,909 residents (10K-25K band)1
- Healthcare providers registered here: 145 across 22 fields2
- Median household income: $70,5193
- Largest provider field: Physical, occupational, and speech therapy: 24 registered providers2
- Medicare-certified providers in town: 2 across 1 categories4
- Nearest metro: New York-Newark-Jersey City, NY-NJ, 36 miles1
Fields practicing inside Dover
Counted at the town's own addresses: 145 providers, 22 fields, 76.7 clinicians per 10,000 of the 18,909 residents here
| Field | Providers | Per 10,000 residents | Source |
|---|---|---|---|
| Physical, occupational, and speech therapy | 24 | 12.7 | NPPES [2] |
| General dentistry | 23 | 12.2 | NPPES [2] |
| Specialty physician groups | 19 | 10.0 | NPPES [2] |
| Chiropractic | 12 | 6.3 | NPPES [2] |
| Optometry and ophthalmology | 12 | 6.3 | NPPES [2] |
| Primary care and family medicine | 11 | 5.8 | NPPES [2] |
| Med spa and aesthetics | 7 | 3.7 | NPPES [2] |
| Home health | 6 | 3.2 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 5 | 2.6 | NPPES [2] |
| DME and HME suppliers | 4 | 2.1 | NPPES [2] |
| Independent pharmacy | 4 | 2.1 | NPPES [2] |
| Behavioral and mental health group practices | 3 | 1.6 | NPPES [2] |
| Podiatry | 2 | 1.1 | NPPES [2] |
| SUD treatment and residential | 2 | 1.1 | NPPES [2] |
| Dental specialties | 2 | 1.1 | NPPES [2] |
| ABA and autism therapy | 2 | 1.1 | NPPES [2] |
| Dialysis and infusion centers | 2 | 1.1 | NPPES [2] |
| NEMT and ambulance | 1 | 0.5 | NPPES [2] |
| Audiology and hearing centers | 1 | 0.5 | NPPES [2] |
| Hospice and palliative | 1 | 0.5 | NPPES [2] |
| Clinical research sites | 1 | 0.5 | NPPES [2] |
| Occupational health and drug testing | 1 | 0.5 | NPPES [2] |
| Medical equipment suppliers | 3 | CMS [4] | |
| Dialysis facilities | 2 | CMS [4] |
A single Dover practice can hold more than one of these numbers. 17 percent sit in physical, occupational, and speech therapy, counted as clinicians rather than as owners.
Loan activity in Morris County
Lenders in Morris County have already closed 13 healthcare approvals, averaging $543,308, which is the size a new file gets read beside
| Line | Amount | Reading and source |
|---|---|---|
| SBA healthcare approvals | 13 | One published fiscal year, healthcare borrowers only [5] |
| Approved dollars | $7,063,000 | Approved, not disbursed, and not net of withdrawals [5] |
| Average approval | $543,308 | A mean, so one large approval moves it [5] |
| Lending establishments in the county | 311 | Credit intermediation offices sited in the county [6] |
Reading Dover the way a credit committee does
Underwriting starts with 76.7 providers per 10,000 residents, because that ratio caps how fast a chair or a room fills. Because Morris County already carries $7,063,000 across 13 healthcare approvals, a request near that average moves faster than one well above it. Household income of $70,519 in Dover is the number a lender uses to sanity check the self-pay share of a revenue projection.
Where a file from this town usually lands
- Practice acquisition
- Startup and de novo
- Expansion, relocation, and build-out
- Equipment financing and leasing
- Commercial real estate, owner-occupied
Built from what is enumerated here rather than from a national list, so a field with no presence in Dover does not appear. Availability is still a New Jersey question.
What a funder reads first in Dover
physical, occupational, and speech therapy, general dentistry, specialty physician groups account for most of what is enumerated in Dover, so those are the files funders see from this town
| Field | What the file turns on | The capital event behind most requests |
|---|---|---|
| Physical, occupational, and speech therapy (24) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| General dentistry (23) | Three years of collections history, Hygiene as a share of collections, Overhead ratio and owner add-backs | Acquisition of an established practice |
| Specialty physician groups (19) | Ancillary revenue contribution, Provider productivity, Payer contracts | Ancillary build-out |
The first column is Dover's own NPPES count. The rest is how the field is generally underwritten, whether the address is Dover or anywhere else.
How Dover prices against its neighbors
The neighboring markets below are the ones a valuation borrows from when Dover has too few sales of its own
| Town | Residents | Providers | Per 10,000 | Miles away |
|---|---|---|---|---|
| Dover (current) | 18,909 | 145 | 76.7 | |
| Hopatcong | 14,750 | 25 | 16.9 | 7 |
| Morristown | 20,732 | 845 | 407.6 | 7 |
| Florham Park | 14,533 | 286 | 196.8 | 11 |
| Kinnelon | 10,108 | 77 | 76.2 | 11 |
| Madison | 16,555 | 139 | 84.0 | 11 |
| Chatham | 10,062 | 185 | 183.9 | 14 |
Distance, income, and the wage floor around Dover
Distance to New York-Newark-Jersey City, NY-NJ is 36 miles. That is close enough for rent in Dover to be compared against the metro and far enough that patient draw is not. Median household income runs $70,519, which is the number a funder converts into case acceptance on anything elective or cash-pay. Referral flow comes from outside Dover, which a projection needs to state plainly. A college in Dover puts a term-shaped curve into monthly collections.
More of New Jersey
- Hopatcong 14,750 residents
- Morristown 20,732 residents
- Florham Park 14,533 residents
- Kinnelon 10,108 residents
- Madison 16,555 residents
- Chatham 10,062 residents
What owners in Dover ask
01How many providers practice in Dover, and in what?
Across 22 fields, Dover carries 145 enumerated clinicians, 76.7 per 10,000 of the 18,909 people living here. The concentration is in physical, occupational, and speech therapy, 24 of the total, then general dentistry at 23. Count practices from that only with care.
02What does Morris County's shortage designation change?
Designated for primary care, dental, mental health, Morris County qualifies its clinicians for federal repayment support. On a file that turns on adding staff, that is the difference between a hiring assumption and a hiring plan.
03Is Dover underwritten as part of New York-Newark-Jersey City, NY-NJ?
Partly. New York-Newark-Jersey City, NY-NJ is 36 miles out, so rent and equipment comparables travel in from there while patients still come from the 18,909 residents around Dover. Cost side metro, revenue side local.
04Is there local lending capacity in Morris County?
County Business Patterns records 311 credit intermediation establishments in Morris County. That is the local origination bench, and it decides whether a file gets underwritten by somebody who has seen Dover rents and resale before or by somebody working from a screen.
05What does SBA lending look like around Dover?
Healthcare borrowers in Morris County took 13 approvals worth $7,063,000 in the published fiscal year, averaging $543,308. That is the comparable set an appraiser near Dover reaches for first.
06How does the college here show up in the numbers?
Higher education here shapes the calendar more than the population figure suggests. The 18,909 resident count understates term-time demand and overstates it in July, and a lender that sees both months wants the reason.
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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