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Dental News : DSOs, Dental Providers and Insurance
Henry Schein enhances liquidity position with new credit facility totaling $700M Henry Schein (Melville, NY) has closed on a new credit facility totaling $700 million with JP Morgan Securities LLC and U.S. Bank NA serving as Joint Lead Arrangers. The new facility represents $700 million in committed financing that increases and replaces $200 million in uncommitted financing from the same lenders. The company’s liquidity position now totals $1.7 billion. “The new financing, along with our amended existing facility, increases our financial flexibility at a critical moment in the global economy,” said Steven Paladino, executive vice president and CFO of Henry Schein. “These facilities support our effort to navigate the emerging challenges related to the COVID-19 outbreak while also helping to position Henry Schein for future growth and success.”
Delta Dental of Massachusetts donates $200,000 to support non-profits during COVID-19 Delta Dental of Massachusetts has announced three contributions totaling $200,000 to support Massachusetts non-profits in their response to community needs during the COVID-19 outbreak. The company is contributing $150,000 to The City of Boston’s Resiliency Fund, which is serving residents most impacted by the COVID-19 crisis. It is supporting non-profits that are providing food for children and seniors, technology for remote learning for students, and
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support to first responders and healthcare workers in the City of Boston. Delta Dental of Massachusetts is also contributing $25,000 to the Worcester Together COVID19 Response and Relief Fund. This fund is distributing grants and other resources to organizations across Worcester County to help residents that have been disproportionately impacted by inequities magnified in this pandemic. Finally, Delta Dental of Massachusetts is contributing $25,000 to the COVID-19 Response Fund for the Pioneer Valley. This fund is providing flexible resources to aid residents who are most vulnerable to the virus and most impacted by inequity across the Pioneer Valley.
Delta Dental of Virginia contributes $1M to support Virginia’s dental practices, patients Delta Dental of Virginia (Roanoke, VA), the state’s largest dental benefits provider, is responding to the COVID-19 crisis with a $1 million contribution to support Virginia’s dental practices and their patients, provide financial assistance for safety net dental clinics, and support local non-profits working to meet needs in their communities. The $1 million, made available through the Delta Dental of Virginia Foundation, includes: > $500,000 in grants to support continued operations for 32 dental safety net clinics that are ineligible to receive federal stimulus funds.
> $250,000 Dental Practice Relief Fund to support practices impacted by COVID-19 closures and that have minimal or no access to alternative funding sources. > $200,000 in one-time grants of up to $25,000 to nine non-profits that are working to meet local community needs relating to oral and overall health. > $50,000 to provide toothbrushes to families as part of select bagged lunch programs run by school districts and Boys & Girls Clubs.
Patient Prism provides comeback strategy for dentists Patient Prism offers a free guide for dentists to learn how to prepare for the massive pent-up demand for their services once they are open post-pandemic. Patients and team members will have more concerns than ever about the “new normal” and this roadmap is set to help dentists address questions about safety protocols, staffing, scheduling, financing and treatment acceptance. Learn how to: > Prepare your team > Set clear expectations > Build your schedule > Develop additional financing options > Communicate with patients > Advertise when you are cash-strapped > Identify and remove roadblocks > Measure results
Efficiency In Group Practice : ISSUE 3 • 2020
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