A California bank plans to use its financial brawn and medical brains to foster doctor alliances on the West Coast.

First Professional Bank, Santa Monica, last month announced a plan to lend to physicians who are forming medical service organizations. And, at the organizations' request, the bank will provide financial consultation in exchange for an equity interest of as much as 10%.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.