Physical Therapy Clinic Feasibility Study in Kentucky

Rehabilitation clinics in Kentucky

Across FY2017 to FY2026, Kentucky shows 28 rehabilitation and therapy clinic loans that total $11.7 million. By count the state ranks 34 of 54, a mid-table position, and within Kentucky the class stands 16 of 39. A location quotient of 1.02x indicates that therapy clinics take almost the same share of the state's approvals as they do nationally. In short, Kentucky behaves like an average market for this class, so a sponsor should not expect either a crowd of precedent loans or an absence of them.

Where the record stands

The median loan is $165,900, or 1.11x the class benchmark nationally, a slightly heavier ticket than in the country as a whole. Loans in the central band run $50,000 to $312,500. Programs are overwhelmingly SBA 7(a), with 27 loans against 1 under SBA 504, while franchised clinics are absent (0.00%). The page has no lender table, so a borrower cannot read a preferred bank from this record. Fayette County leads with 5 loans, Daviess and Jefferson have 3 each, and Clark, Henderson, Madison, Simpson and Taylor have 2 each; Edmonson and Jessamine have 1 each.

Outcome rates are not shown

Where cancellations and charge-offs are concerned, the Kentucky cohorts are too thin for SBA-based percentages to be printed. That omission is deliberate. It does not signal a zero, and a lender looking for outcome evidence should turn to national pages for the class.

What a study for a Kentucky therapy clinic has to establish

Referral volume decides whether a clinic survives. A study should identify the physician practices, hospital systems and employers within reach that can feed patients, and the other clinics competing for the same referrals. It should test daily visits per therapist against a realistic payer mix and reimbursement, the staffing a licensed practice needs, and the cost of fit-out and equipment against a typical ticket near $165,900. Debt service coverage must hold during a ramp in which the first months produce few visits. If the sponsor will own the real estate, the appraisal needs to show the space could be released to a different healthcare tenant.

The figures describe the class of rehabilitation and therapy clinics as a whole, so a study should read them as a class picture for Kentucky rather than as a count of any one kind of practice.