Aspen Group is coming off a two-year development interval through which it made acquisitions and noticed income double to $3 billion in 2021, says founder, CEO and Chairman Bob Fontana.
Now, the corporate’s portfolio consists of manufacturers like Chapter Aesthetic Studio, a medical beauty clinic firm; ClearChoice Administration Providers, which supplies help providers to dental implant facilities; and WellNow Pressing Care.
Aspen Group now has 1,100 places and 18,000 staff throughout 46 states. The corporate has 50 places of work in Illinois and about 20 within the Chicago space. Throughout all of the manufacturers, it says it serves greater than 35,000 sufferers every day.
By the tip of 2022, Aspen Group plans to have greater than 1,200 places nationwide.
“That’s virtually a brand new apply each three days, on common,” Fontana says.
Aspen Group was based in 1998 in East Syracuse, N.Y., and began out solely as a dentist workplace help company know as Aspen Dental. Dentist places of work nonetheless make up the majority of the corporate’s footprint: about 950 of the places.
“We created a mannequin at Aspen that not solely was a technique to get nice, high-quality dental care, but additionally one that will match with the particular person’s life and assist them overcome any boundaries they needed to get dental care,” Fontana says.
Alongside the way in which, Aspen Group has taken private-equity funding from the likes of Ares Administration, Leonard Inexperienced & Companions and American Securities.
In 2017, Aspen Group moved its headquarters to Chicago and now has a 200,000-square-foot workplace in Fulton Market, the place it employs 200 individuals.
“Coming to Chicago was actually vital for us to proceed to draw nice expertise,” Fontana, including that he anticipates including 100 extra individuals to the company crew this 12 months.
Like most different companies, Aspen Group was challenged by COVID-19. Thought of an important enterprise, the corporate was targeted on sourcing private protecting tools and holding staff wholesome throughout the early days of the pandemic. Now, it’s weathering the labor scarcity affecting all industries.
“It’s a good labor market, however we’ve been in a position to energy via,” Fontana says.
As of August 2021, lower than half of dental hygienists who left their jobs throughout the pandemic had returned to work, based on a examine revealed this month by the American Dental Hygienists’ Affiliation and the American Dental Affiliation. The examine reveals 1.6% of individuals now not deliberate to work as dental hygienists, which might characterize a everlasting discount of three,300 dental hygienists all through the U.S.