Chicago health care management firm Aspen Group expanding

Chicago health care management firm Aspen Group expanding

The Aspen Team is coming off a two-year progress time period in which it created

The Aspen Team is coming off a two-year progress time period in which it created acquisitions and observed profits double to $3 billion in 2021, claims founder, CEO and Chairman Bob Fontana.

Now, the company’s portfolio incorporates models like Chapter Aesthetic Studio, a health care beauty clinic enterprise ClearChoice Administration Providers, which supplies help services to dental implant centers and WellNow Urgent Treatment.

Aspen Group now has 1,100 destinations and 18,000 employees throughout 46 states. The company has 50 workplaces in Illinois and about 20 in the Chicago place. Across all the models, it says it serves far more than 35,000 sufferers just about every working day.

By the conclude of 2022, Aspen Group designs to have extra than 1,200 locations nationwide.

“That’s almost a new practice each and every 3 days, on common,” Fontana says.

Aspen Team was started in 1998 in East Syracuse, N.Y., and began out only as a dentist business office assistance agency know as Aspen Dental. Dentist offices nonetheless make up the bulk of the company’s footprint: about 950 of the locations.

“We produced a design at Aspen that not only was a way to get great, substantial-excellent dental care, but also a single that would fit with the person’s existence and assist them defeat any obstacles they experienced to get dental treatment,” Fontana says.

Together the way, Aspen Group has taken private-equity financial commitment from the likes of Ares Administration, Leonard Inexperienced & Associates and American Securities.

In 2017, Aspen Group moved its headquarters to Chicago and now has a 200,000-sq.-foot business office in Fulton Marketplace, where it employs 200 persons.

“Coming to Chicago was really crucial for us to continue to draw in good talent,” Fontana, including that he anticipates adding 100 far more individuals to the company crew this calendar year.

Like most other firms, Aspen Group was challenged by COVID-19. Considered an crucial enterprise, the company was centered on sourcing own protecting machines and keeping personnel healthy all through the early times of the pandemic. Now, it is weathering the labor lack influencing all industries.

“It’s a limited labor current market, but we’ve been able to ability via,” Fontana says.

As of August 2021, significantly less than fifty percent of dental hygienists who remaining their jobs for the duration of the pandemic had returned to perform, according to a study posted this month by the American Dental Hygienists’ Association and the American Dental Association. The analyze reveals 1.6% of participants no extended prepared to do the job as dental hygienists, which would represent a everlasting reduction of 3,300 dental hygienists in the course of the U.S.