SmilePay is a payment model for the company’s clear aligner system that allows patients to make monthly payments after a $250 deposit.
SmileDirectClub entered into a loan agreement with HPS Investment Partners with a 42-month secured delayed-draw term loan facility. It is secured with interest in SmilePay’s assets, which the company said April 28 consist of certain receivables, cash, intellectual property and related assets.
At the Becker's 5th Annual Future of Dentistry Roundtable, taking place September 14-15 in Chicago, dental leaders and executives will gain insights into emerging technologies, practice growth strategies and the evolving landscape of dental care delivery, with a focus on innovation, patient experience and operational excellence. Apply for complimentary registration now.