Aspen Dental Management, Inc. (ADMI) acquired WellNow Urgent Care to diversify its healthcare services beyond dentistry . However, recent analyses suggest that this investment has faced challenges. S&P Global Ratings downgraded ADMI's credit rating from 'B' to 'B-' in 2022, citing increased leverage due to weak performance in its urgent care segment, specifically WellNow. Additionally, in August 2022, Moody's downgraded ADMI's Corporate Family Rating (CFR) to B3, reflecting similar concerns about the company's financial metrics and performance. These ratings indicate that ADMI is currently considered a high credit risk by major rating agencies. A Corporate Family Rating (CFR) of B3 is a credit rating assigned by Moody's Investors Service . Here's what it signifies: Key Features of a B3 Rating: High Credit Risk : A B3 rating indicates that the company is considered to have speculative credit quality and faces significant risks in meeting ...
At Ladd Dental Group, we understand that the patient comes first. That is why we have ten convenient locations throughout North Central Indiana, accept dental emergency patients, are In-Network with almost all insurances, and have Friday hours available at most of our facilities! Give us a call today or stop by the office closest to you, and see what Ladd Dental Group has to offer! #PatientFirst #ConvenientDentistry #LaddDentalGroup #SmileOn