- Co-founded in 2002 by Dr. Matt Priddy and Dr. Craig Veatch, Priority Physicians is one of the largest concierge medicine providers in the United States;
- Headquartered in Greater Indianapolis, Priority Physicians offers its members proactive, high-touch care with an industry-leading low doctor/patient ratio, best-in-class acute and preventive care services, and 24-7 live access to care;
- The $17.1m OakNorth facilities were used towards establishing the LegacyMD platform and support the acquisition of HealthBridge;
- Founded by Dr. David Edelson in 2001, HealthBridge is Long Island’s premier primary care practice and provides highly personalized concierge care focused on prevention, longevity, and patient-centered wellness.
NYC, US, 25 June, 2026; OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a $17.1m loans and other committed facilities to support Priority Physicians’ self-driven reorganization under LegacyMD, LLC, the acquisition of Health Bridge and the concurrent buildout of two new flagship offices in Fishers, IN, and Long Island, NY. Under the LegacyMD platform, Priority Physicians and HealthBridge will together encompass 21 physicians and 4 operating locations by the end of 2026.
Built from the passion of Priority Physicians’ leadership team, LegacyMD, LLC has been founded to create an industry-leading business platform that coalesces concierge and direct primary care practices. LegacyMD, LLC is majority physician-owned and will create a long-term growth engine that preserves, protects, and optimizes the team, services, and guiding values of each of its member practices, beginning with Priority Physicians and HealthBridge.
Headquartered in Greater Indianapolis, Priority Physicians was Indiana’s first concierge medical group to provide highly personalized primary care services, 24/7 physician access, and a strong focus on preventive and relationship-led healthcare. Co-founded in 2002 by Craig Veatch and Matt Priddy, the business has grown to become one of the Midwest’s leading concierge medicine providers, serving patients across multiple locations throughout Indiana.
Founded in 2001 by Dr. David Edelson, Health Bridge has built a strong reputation across Long Island for its proactive, patient-centered approach to concierge medicine, with a particular emphasis on wellness, prevention, and longevity-focused care. The transaction will create the scaled concierge healthcare platform, LegacyMD, aimed at delivering a shared focus on delivering premium, patient-centered care and supporting the group’s continued growth and expansion across the US.
Joe Rizzuto, COO of Priority Physicians and President of Growth for LegacyMD, LLC, commented on the transaction: “As we looked to bring together two highly complementary concierge healthcare providers, it was important that we partnered with a lender that not only understood the healthcare sector, but also had the ability to move quickly and navigate the complexities of an M&A transaction. Connor and the OakNorth team demonstrated an exceptional understanding of the healthcare landscape across the Midwest and broader US market, as well as deep expertise in structuring and executing complex acquisition financings. Their insight, responsiveness, and certainty of execution made them a valuable partner throughout the process, and we’re excited to continue building the LegacyMD platform together.”
Connor Bieling, Director, Debt Finance at OakNorth, added: “As a direct result of Matt, Joe, and Craig’s leadership, Priority Physicians has built an outstanding reputation for delivering high-quality, relationship-led healthcare services, and the acquisition of Health Bridge represents an exciting next step in the group’s growth journey. Supporting entrepreneur-led businesses through transformational acquisitions like this is exactly the type of transaction we’re looking to back as we continue to grow OakNorth’s US C&I loan book. We look forward to working with the management team as they continue to scale the platform and expand access to concierge healthcare services across the US.”
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Notes to editors
About OakNorth
Launched in September 2015, OakNorth is the bank for entrepreneurs, by entrepreneurs. It was founded to address the persistent funding gap facing lower mid-market businesses – a segment that accounts for a significant share of economic output yet remains underserved by traditional banks.
To date, OakNorth has provided over $20bn in lending to thousands of entrepreneur-led businesses across the UK and US, supporting the creation of more than 70,000 jobs and generating more than £40bn in economic value. Throughout multiple economic cycles, the bank has maintained a highly disciplined approach to credit, delivering performance metrics that place it among the top 1% of commercial banks globally.
It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
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