Supporting the Next Generation of Women Entrepreneurs
Featuring
Cheryl Kerr, Founder and Managing Partner of Medex Health Services
How I built without borrowing – and why I wouldn’t do it that way again
Cheryl Kerr, Founder and Managing Partner of Medex Health Services, shares how resilience, discipline, and personal sacrifice shaped her entrepreneurial journey.
After facing barriers to traditional financing, Cheryl relied on self-funding—refinancing her home multiple times to keep operations moving and support early expansion. What began as a necessity became a defining part of her story, revealing both the determination required to build independently and the risks of doing it alone.
As Medex grew, Cheryl navigated the realities of scaling a healthcare services company, from hiring and training teams to managing operations and maintaining financial stability. With the right banking relationship in place, she was able to secure the resources needed to expand across Ontario, strengthen her team, and continue delivering integrated care.
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Connect with a TD Women in Enterprise–certified advisor to
learn how TD supports women-owned businesses as they grow: click here, or email julie.dimitri@td.com.
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Reach out to Julie Dimitri, National Manager, Women in Enterprise, TD Business Banking at julie.dimitri@td.com
Description
Description
In How I Built Without Borrowing—and Why I Wouldn’t Do It That Way Again, Cheryl Kerr shares the realities of building Medex Health Services without traditional financing and the lessons that came with it.
After repeated rejections from lenders, Cheryl turned to self-financing, refinancing her home multiple times to fund operations, hire staff, and keep the business moving forward. While this allowed her to continue building, it also came with hidden costs, including slower expansion, greater personal risk, and difficult trade-offs.
As Medex evolved, so did Cheryl’s need for a more sustainable approach. With the guidance of the right financial advisor, she secured the resources to expand across Ontario, invest in multidisciplinary care, and build a team-driven organization designed to meet the changing needs of patients.
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“I refinanced my house seven times to build this business. Each time was a risk, but I kept plugging on. I didn’t have time to stop or look for sympathy. I only had one goal: to succeed.”
— Cheryl Kerr, Founder and Managing Partner of Medex Health Services
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