I can pass three Western Dental clinics on a short walk in my SF neighborhood. The clinics mostly serve low-income patients on Medi-Cal.
Soon I might hit 0. Lenders seized its parent company to address $1.2B in debt, after CA axed hundreds of mns for public dental insurance
In January, Sonrava’s chief dental officer said killing the funding would cause mass closures. 5 months later, lenders have taken the keys - the third dental clinic operator to be taken over this year
‼️🧶YARN🧶‼️
How a $43m accounting dispute led to a private credit takeover of a psychiatric empire.
On May 11th, bidding starts for eating disorder treatment centers, luxury rehabs & psych ctrs from lending giant HPS & CapitalOne.
for @9fin
https://t.co/zu7uipDIPy
This story has everything: a Beverly Hills mansion 🔑, a Hollywood movie 🎬, accusations of "organized crime"-like behavior, and my childhood favorite comic books: Archie Comics.
Inside the massive, debt-fueled fight for the future of Archie for @9finHQ: https://t.co/l7S5GIOaQF
‼️🧶YARN🧶‼️
How a $43m accounting dispute led to a private credit takeover of a psychiatric empire.
On May 11th, bidding starts for eating disorder treatment centers, luxury rehabs & psych ctrs from lending giant HPS & CapitalOne.
for @9fin
https://t.co/zu7uipDIPy
For a California teenager, serial drug abuse met a deep trust in ChatGPT.
He turned again and again to the chatbot for drug advice, treating it as a trip-sitter, doctor, friend and confidant.
Now, his mother is left to search these logs for answers.
https://t.co/QPqZk7P5O2
💊🚨SCOOP💊🚨MDMA start-up Lykos is the subject of a hostile takeover bid. Early Tesla investor Antonio Gracias has been pitching investors on a plan where he would take a controlling stake in Lykos.
Gracias’s plan has the backing of Maps founder Rick Doblin and would tap Jeff Aronin’s spec pharma group Paragon Biosciences to help run Lykos.
Helena, Lykos’s lead investor from its funding round last year, has been working on an alternative funding solution. The board will meet Friday. Both Maps and Helena have veto rights on any deal
Elon Musk ally leads attempt to seize control of psychedelic biotech Lykos https://t.co/neKhQwy3Lk
🚨💉JPM DEAL SCOOP💉🚨 Eli Lilly, the world's biggest drugmaker by market value, is in advanced talks to buy targeted therapy cancer biotech Scorpion Therapeutics in a deal worth up $2.5bn
With superstar deals team @HeeterMaria & @JFK_America
https://t.co/ek8AAwDgz4
🚨SCOOP🚨 Pfizer’s chief executive Albert Bourla decamped with his top management team to Donald Trump’s Mar-a-Lago resort for an off-site meeting, in the latest attempt by corporate America to ingratiate itself with the US president-elect
https://t.co/24gzVE4uXl
This is such an interesting column from Gillian Tett on the fiscal fight brewing in the court of Donald Trump - particularly this line on Steven Bannon saying Trump needs to increase taxes on the wealthy https://t.co/2pBpmYON7H