Tennessee micro-market
Healthcare practice financing in Millington, Tennessee
Direct answer
11,486 residents, 88 enumerated clinicians, 76.6 per 10,000, 23 percent of them in physical, occupational, and speech therapy: that is the Millington market a funder prices. Shelby County adds 6 healthcare approvals worth $3,941,000 and 16 miles of distance to Memphis, TN-MS-AR.
A location page indicates that Practition Finance is taking clients in that market. It does not represent a physical office, storefront, or licensed presence in that city or state. All services are delivered remotely by our US-based team. How a referral works in Tennessee, and how many partners see it, is set out on the Tennessee page.
- Population: 11,486 residents (10K-25K band)1
- Healthcare providers registered here: 88 across 18 fields2
- Median household income: $51,6953
- Largest provider field: Physical, occupational, and speech therapy: 20 registered providers2
- Medicare-certified providers in town: 2 across 1 categories4
- Nearest metro: Memphis, TN-MS-AR, 16 miles1
The clinical base a lender can verify here
76.6 providers per 10,000 residents is what 88 enumerations across 18 fields works out to in a town of 11,486
| Practice type | Count | Rate per 10,000 residents | Published by |
|---|---|---|---|
| Physical, occupational, and speech therapy | 20 | 17.4 | NPPES [2] |
| Primary care and family medicine | 15 | 13.1 | NPPES [2] |
| General dentistry | 14 | 12.2 | NPPES [2] |
| Optometry and ophthalmology | 9 | 7.8 | NPPES [2] |
| Independent pharmacy | 5 | 4.4 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 4 | 3.5 | NPPES [2] |
| DME and HME suppliers | 3 | 2.6 | NPPES [2] |
| Chiropractic | 3 | 2.6 | NPPES [2] |
| Urgent care | 2 | 1.7 | NPPES [2] |
| Non-medical home care | 2 | 1.7 | NPPES [2] |
| Med spa and aesthetics | 2 | 1.7 | NPPES [2] |
| Dialysis and infusion centers | 2 | 1.7 | NPPES [2] |
| Telehealth and virtual clinics | 2 | 1.7 | NPPES [2] |
| Home health | 1 | 0.9 | NPPES [2] |
| Sleep centers | 1 | 0.9 | NPPES [2] |
| Hormone, TRT, and men's health clinics | 1 | 0.9 | NPPES [2] |
| Specialty physician groups | 1 | 0.9 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 1 | 0.9 | NPPES [2] |
| Medical equipment suppliers | 5 | CMS [4] | |
| Dialysis facilities | 2 | CMS [4] |
Several of the 20 physical, occupational, and speech therapy enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
Loan activity in Shelby County
The county file holds 6 healthcare approvals, which is a thin comparable set for anyone pricing collateral
| Measure | Published figure | What sits behind it |
|---|---|---|
| Approvals on record | 6 | Counted for the fiscal year the SBA publishes [5] |
| Total approved capital | $3,941,000 | Everything approved to healthcare borrowers, added up [5] |
| Mean deal size | $656,833 | The dollar column over the approval column [5] |
| Lenders sited in the county | 593 | Places that write credit locally, NAICS 522 [6] |
Reading Millington the way a credit committee does
A file from here opens on 76.6 providers per 10,000 residents, and everything about volume follows from it. Shelby County has 6 approvals to compare against, so plan for extra appraisal time and a conservative valuation. A $51,695 median household income here sets the ceiling on what an elective or cash-pay line can be expected to carry.
The programs this provider mix points at
- Practice acquisition
- Startup and de novo
- Expansion, relocation, and build-out
- Working capital term loan
- Equipment financing and leasing
Built from what is enumerated here rather than from a national list, so a field with no presence in Millington does not appear. Availability is still a Tennessee question.
The first pages of a Millington file
Drawn from the fields that actually practice here: physical, occupational, and speech therapy, primary care and family medicine, general dentistry
| Practice type | The pages that decide it | Typical capital event |
|---|---|---|
| Physical, occupational, and speech therapy (20) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Primary care and family medicine (15) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
| General dentistry (14) | Three years of collections history, Hygiene as a share of collections, Overhead ratio and owner add-backs | Acquisition of an established practice |
The first column is Millington's own NPPES count. The rest is how the field is generally underwritten, whether the address is Millington or anywhere else.
Density beside the neighboring Tennessee towns
76.6 per 10,000 is the figure a neighboring town gets compared against when an appraiser prices Millington
| Market | Population | Clinicians | Density per 10,000 | Distance in miles |
|---|---|---|---|---|
| Millington (current) | 11,486 | 88 | 76.6 | |
| Bartlett | 56,708 | 430 | 75.8 | 8 |
| Atoka | 10,624 | 46 | 43.3 | 9 |
| Lakeland | 14,416 | 35 | 24.3 | 11 |
| Arlington | 15,550 | 122 | 78.5 | 15 |
| Germantown | 40,128 | 638 | 159.0 | 19 |
| Oakland | 10,769 | 44 | 40.9 | 22 |
What the geography does to a Millington projection
16 miles separate Millington from Memphis, TN-MS-AR. Lease pricing follows Memphis, TN-MS-AR, while revenue stays capped by the 11,486 residents here. At $51,695 median household income, the elective and cash-pay share of a projection is the line that gets tested first. 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 Millington.
Nearby Tennessee towns
What owners in Millington ask
01How many providers practice in Millington, and in what?
NPPES lists 88 providers at a Millington practice address, 76.6 per 10,000 residents across 18 tracked fields. Physical, occupational, and speech therapy accounts for 20 of them, 23 percent of the total, with primary care and family medicine next at 15. Read that as clinicians: 88 enumerations, not 88 owners.
02Why does Shelby County show so little SBA activity?
Shelby County shows 6 approvals in the SBA healthcare file, which means an appraiser reaches outside the county for comparables. Few sales, not weak credit, is the usual reason. 593 lending establishments operate locally.
03What does Shelby County's shortage designation change?
The primary care, dental, mental health designation HRSA carries on Shelby County is a recruiting instrument: it puts repayment incentives in front of candidates, which is how a hiring plan for 11,486 residents gets past the question of who would take the job.
04What does a $51,695 median income mean for case acceptance?
Median household income in Millington runs $51,695. 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.
05Which fields carry the volume in Millington?
Volume concentrates in physical, occupational, and speech therapy, 20 of them, ahead of primary care and family medicine at 15, across 18 fields. A thin second field usually means a longer search for staff than a pro forma allows for.
06Is Millington underwritten as part of Memphis, TN-MS-AR?
Partly. Memphis, TN-MS-AR is 16 miles out, so rent and equipment comparables travel in from there while patients still come from the 11,486 residents around Millington. Cost side metro, revenue side local.
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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