Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries SmileDirectClub ceases operations after restructuring effort fails By: FOX Business December 11, 2023 at 15:00 PM EST SmileDirectClub, which provided telehealth dentistry services centered on clear aligners for patients, halted its operations on Friday roughly three months after entering bankruptcy. Teledentistry start-up SmileDirectClub shut down its global operations after the company could not successfully restructure its operations after entering bankruptcy this fall.SmileDirectClub officially halted its operations on Friday, roughly three months after it entered Chapter 11 bankruptcy in September burdened by debt and a last-ditch effort to keep the company going failed. The company was launched in 2014 to disrupt the orthodontics industry by providing customers with clear aligners without having an in-person dentist appointment in most cases. Most treatments took four to six months and customers would have virtual appointments with dentists to track their progress.In a post on the company website, SmileDirectClub wrote that it made the "incredibly difficult decision to wind down its global operations, effective immediately." The company no longer provides aligner treatment or customer care support through its platform, and thanked customers for "letting us improve over 2 million smiles and lives."DOCTORS USING AI-DRIVEN DEVICES TO HELP DETECT SEIZURE ACTIVITY IN PATIENTSCustomers of SmileDirectClub who ordered clear aligners that hadn’t shipped as of Friday will have those orders canceled, so they’ll have to look elsewhere if they want to go through clear aligner treatment.SmileDirectClub halting its customer care services means that existing customers will have to find another provider of dentistry services to help them complete their aligner treatment.SMILEDIRECTCLUB SHIPS 35K 3D-PRINTED FACE SHIELDS FOR HEALTH CARE, ESSENTIAL WORKERS"We apologize for the inconvenience, but aligner treatment is no longer available through the SmileDirectClub platform," the company wrote. "If you wish to continue treatment outside of our platform, please consult your treating doctor or your local dentist with any questions around future aligner treatment."Additionally, SmileDirectClub noted that its "Lifetime Smile Guarantee no longer exists" but that customers enrolled in the SmilePay Plan are expected to continue making payments until they’ve fully paid for their treatment under the terms of the program.GET FOX BUSINESS ON THE GO BY CLICKING HEREFor customers looking for a refund, SmileDirectClub wrote, "There will be more information to come once the bankruptcy process determines next steps and additional measures customers can take." Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
SmileDirectClub ceases operations after restructuring effort fails By: FOX Business December 11, 2023 at 15:00 PM EST SmileDirectClub, which provided telehealth dentistry services centered on clear aligners for patients, halted its operations on Friday roughly three months after entering bankruptcy. Teledentistry start-up SmileDirectClub shut down its global operations after the company could not successfully restructure its operations after entering bankruptcy this fall.SmileDirectClub officially halted its operations on Friday, roughly three months after it entered Chapter 11 bankruptcy in September burdened by debt and a last-ditch effort to keep the company going failed. The company was launched in 2014 to disrupt the orthodontics industry by providing customers with clear aligners without having an in-person dentist appointment in most cases. Most treatments took four to six months and customers would have virtual appointments with dentists to track their progress.In a post on the company website, SmileDirectClub wrote that it made the "incredibly difficult decision to wind down its global operations, effective immediately." The company no longer provides aligner treatment or customer care support through its platform, and thanked customers for "letting us improve over 2 million smiles and lives."DOCTORS USING AI-DRIVEN DEVICES TO HELP DETECT SEIZURE ACTIVITY IN PATIENTSCustomers of SmileDirectClub who ordered clear aligners that hadn’t shipped as of Friday will have those orders canceled, so they’ll have to look elsewhere if they want to go through clear aligner treatment.SmileDirectClub halting its customer care services means that existing customers will have to find another provider of dentistry services to help them complete their aligner treatment.SMILEDIRECTCLUB SHIPS 35K 3D-PRINTED FACE SHIELDS FOR HEALTH CARE, ESSENTIAL WORKERS"We apologize for the inconvenience, but aligner treatment is no longer available through the SmileDirectClub platform," the company wrote. "If you wish to continue treatment outside of our platform, please consult your treating doctor or your local dentist with any questions around future aligner treatment."Additionally, SmileDirectClub noted that its "Lifetime Smile Guarantee no longer exists" but that customers enrolled in the SmilePay Plan are expected to continue making payments until they’ve fully paid for their treatment under the terms of the program.GET FOX BUSINESS ON THE GO BY CLICKING HEREFor customers looking for a refund, SmileDirectClub wrote, "There will be more information to come once the bankruptcy process determines next steps and additional measures customers can take."
