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Private Credit | Default Rates on The Rise

 The private credit market is beginning to show real signs of stress — and the implications for the dental profession could be significant. According to Fitch Ratings, U.S. private credit default rates climbed to a record 9.2% in 2025, with the majority of defaults occurring among companies generating $25 million or less in EBITDA.  J.P. Morgan recently modeled that with a 10% default rate and only 20–30% recovery values, total returns for leveraged private credit portfolios can turn negative. Historically, severe stress scenarios look something like this: Scenario Approximate Impact 2–3% defaults     Normal/private credit performs well 5–6% defaults     Stress begins, weaker funds struggle 8–10% defaults     Significant NAV pressure and restructurings 12–15% defaults     Potential wipeout risk for heavily leveraged or poorly underwritten funds Some analysts and UBS stress scenarios have warned that a true recession or AI-driven earnin...
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Deferred Maintenance | Dental Practice Due Diligence

One of the most overlooked risks in a dental practice acquisition is deferred maintenance. It’s easy to focus on production, collections, EBITDA, and patient flow during diligence. But if the physical dental office , equipment, technology, and infrastructure have been underinvested in for years, those hidden costs can dramatically affect performance after closing. Deferred maintenance shows up in many ways: • Aging compressors and vacuum systems • Outdated electrical and plumbing infrastructure • Worn chairs and delivery units • Failing HVAC systems • Poor IT and network systems • Roof, flooring, cabinetry, and plumbing issues • Neglected sterilization and operatory workflows On paper, a practice may appear profitable. But if the buyer has to immediately spend hundreds of thousands of dollars post-close just to stabilize operations, that “great deal” can quickly become a major drag on cash flow and growth. Even more importantly, deferred maintenance impacts the patient and dental team...

Buck Boosters Now Recommended | Dental Equipment Setup

 A buck-boost transformer is a small electrical transformer used to slightly increase (“boost”) or decrease (“buck”) incoming voltage to match what equipment actually needs. For example: If your building is supplying 208 volts but your equipment performs best at 230–240 volts , a buck-booster can raise the voltage. If voltage is too high, it can reduce it slightly to protect equipment. In dental offices , these are increasingly being recommended for: vacuum systems, air compressors, sterilization equipment, imaging equipment, and other high-load mechanical systems. Why Dental Equipment Suppliers Are Recommending Them More Often 1. Modern Dental Equipment Is More Sensitive Older compressors and vacuums were often more forgiving mechanically. Newer systems: use variable frequency drives (VFDs), electronic control boards, digital monitoring, soft-start motors, and energy-efficient motors that require tighter voltage tolerances. Even being 5–10%...

Elwood Haynes | A True Kokomo Titan

Elwood Haynes was one of Indiana’s great industrial pioneers and one of the earliest automobile innovators in the United States. Born in Portland, Indiana in 1857, Haynes became a trained engineer, inventor, and businessman who helped transform Kokomo into a manufacturing and innovation hub. He is best known for helping create one of America’s first commercially produced automobiles — the Haynes-Apperson car — years before the automobile industry became mainstream. Beyond automobiles, Haynes also helped develop stainless steel alloys, advanced metallurgy, and industrial manufacturing processes that influenced multiple industries. He combined technical skill with relentless experimentation and a long-term vision for American manufacturing. What makes Haynes especially relevant today is not simply what he built — but how he built it. Principles LADD Dental Group Can Apply from Elwood Haynes 1. Innovation Requires Courage Before Consensus Haynes pursued automobiles when most peo...

Building Out a Dental Practice | Grateful Dentists

Ten years ago, many dental office build-outs could be completed in the $100–$150 per square foot range. Today, depending on complexity, technology integration, and finishes, many projects are landing closer to $250–$400+ per square foot. Specialized operatories, advanced imaging, sterilization requirements, HVAC, plumbing, electrical upgrades, and custom cabinetry have dramatically increased the cost of building modern dental practices . And yet, behind every successful dental office project is a team of hardworking local contractors, electricians, plumbers, HVAC technicians, framers, painters, flooring installers, and suppliers who make these spaces come to life. At LADD Dental Group , we have seen firsthand how much dedication and craftsmanship goes into building and renovating healthcare spaces. These are not simple office projects — dental build-outs require precision, problem solving, coordination, and an incredible amount of technical expertise. Every operatory, every mechan...

Morristown Indiana | Excited for Their Growth

 Across Indiana, communities are competing for new investment, quality jobs, and long-term economic growth. Recently, Morristown, Indiana has become one of the most exciting examples of how a small rural community can attract transformational development while still maintaining its agricultural roots and hometown identity. The newest major investment coming to Morristown is the massive new soy protein concentrate facility developed by Bunge Global SA — a project that is already being recognized as one of the most significant agricultural processing investments in the region in decades. A Project That Puts Indiana Agriculture on the Map The new Morristown facility is not just another factory. It is reportedly the first new soy protein concentrate plant built in the United States in more than 40 years and the largest of its kind in the country. This investment represents a major shift in how Indiana-grown soybeans can be processed and utilized. Instead of simply exporting raw co...

Dental Office Build Out | $250 Per Square Ft.

Ten years ago, many dentists could build out a beautiful office for $100–$150 per square foot. Today, hearing numbers closer to $250 per square foot — and sometimes significantly more — has become the new reality for dental startups, expansions, and relocations. That sticker shock is not just inflation. Dental offices are some of the most infrastructure-heavy healthcare spaces in commercial real estate. A modern dental build-out now includes: Specialized plumbing for every operatory Medical-grade electrical systems Compressed air and vacuum lines Sterilization centers with enhanced ventilation IT infrastructure and digital workflow integration Custom cabinetry and millwork Rising permit, labor, and compliance costs Every additional operatory dramatically increases complexity. In many cases, a single operatory can add tens of thousands of dollars in infrastructure before equipment is even installed. What has changed the most over the past decade? 📈 Labor costs ...