Reduces total debt by $1.0 billion, creating a strong financial foundation for long-term growth

Secures $75 million of new capital and extends debt maturities to 2031 to support next phase of growth

Accelerates investments in supported practices, clinical excellence, and patient care

Affordable Care, LLC (“Affordable Care,” or the “Company”), one of the nation’s leading dental support organizations, today announced the successful completion of a recapitalization transaction that strengthens the Company’s financial foundation, significantly reduces debt by $1.0 billion, and positions Affordable Care for long-term growth.

The transaction reduces Affordable Care’s debt by approximately 65%, provides $75 million of new capital, and extends maturities to 2031, enabling the Company to accelerate investment in supported practices, clinical excellence, operational capabilities, and the patient experience. As part of the agreement, the Company has transitioned ownership to its existing lenders, who are aligned with the Company’s long-term vision and are committed to Affordable Care’s long-term success and next phase of growth initiatives.

“This transaction is a testament to the strength of our business, the dedication of our team, and the confidence our financial partners have in our future,” said Pete Bridgman, CEO, Affordable Care. “With a stronger balance sheet, we are well positioned to continue investing in our supported practices and advancing our mission to expand access to high-quality, patient-centric dental care. I look forward to the next chapter of Affordable Care, working alongside our talented doctors and teams, with the same commitment to clinical excellence that has defined our organization for more than 50 years.”

Affordable Care's existing management team continues to lead the business, and the Company’s day-to-day operations, patient care, and support for affiliated practices remain unchanged.

About Affordable Care

Founded in 1975, Affordable Care, LLC is America’s leading consumer retail healthcare company exclusively focused on tooth replacement solutions, serving 380+ affiliated practices in 39 states. For its flagship brand, Affordable Dentures & Implants, Affordable Care provides non-clinical services to help supported practices deliver affordable, high-quality dentures and dental implant solutions to patients nationwide.

Advisors

Kirkland & Ellis LLP served as legal advisor, AlixPartners served as financial advisor, Greenhill & Co., LLC served as investment banker, and C Street Advisory Group served as communications advisor to the Company. Milbank LLP served as legal advisor and PJT Partners Inc. served as investment banker to the first lien term lenders. Latham & Watkins LLP served as legal advisor to the preferred equity investors.

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