Maryland Small Business Development Center

Riverbend Family Medicine

Riverbend Family Medicine

Riverbend Family Medicine

Empowering Medical Practice Acquisition with the Maryland SBDC

Gary Harding approached the Maryland Small Business Development Center (SBDC) to turn a long-standing aspiration into reality—acquiring Riverbend Family Medicine in Hancock, Maryland. With a solid background in construction project management and a strong commitment to building the practice with his wife, who works at the clinic, Gary sought expert guidance to navigate the complexities of the business acquisition process.

SBDC Guidance and Services Provided

Senior Business Consultant Herb Melrath worked closely with Gary throughout the journey. Key areas of support included:

  • Contract Review Recommendations: Ensuring legal soundness in the purchase agreement by connecting Gary with legal experts.
  • Financial Projections and Business Plan Development: Using LivePlan, the Maryland SBDC helped refine Gary’s business plan and create detailed financial projections, incorporating staffing plans and projected revenue increases to align with strategic goals.
  • Loan Sourcing Assistance: Herb advised Gary on funding options, including SBA loans and regional financial programs, ensuring access to the capital needed to finalize the purchase.
  • Skill Development Opportunities: Gary participated in webinars and was provided access to programs such as financial literacy training to strengthen his entrepreneurial knowledge.
Outcome

Gary successfully acquired Riverbend Family Medicine in January 2025, securing a bright future for the clinic. The practice has since expanded its staff, added a billing specialist with help from local economic development resources, and implemented systems to monitor financial health, such as daily break-even patient numbers.

Client Impact

"The Maryland SBDC was instrumental in helping me realize my vision. Herb’s personalized support and resources gave me the confidence and clarity to navigate this challenging process. I am grateful for the SBDC’s commitment to small business owners like me," said Gary Harding.


Posted: 03/13/2026

Our Success Stats


212

New Maryland Businesses

1288

Maryland Jobs Created

64

Million In Sales Growth

57

Million In Secured Loans

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