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Sonrava Health taps Lincoln International to vet asset sales

Bloomberg Markets •
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Dental‑clinic operator Sonrava Health has retained boutique adviser Lincoln International LLC to assess strategic alternatives, including the possible asset sales and explore funding alternatives. Sources familiar with the process said the move follows recent discussions with the company’s lenders, suggesting pressure to improve liquidity. Engaging an investment bank signals a formal step toward restructuring the business.

The decision arrives as Sonrava, which runs dozens of clinics nationwide, confronts tighter credit conditions that have hampered expansion plans. By exploring asset disposals, the firm hopes to generate cash, reduce debt and reassure banks wary of further exposure. Lincoln International’s experience in health‑care transactions should help identify buyers and structure deals that preserve core operations and protect shareholder value.

Investors will watch the outcome for clues on valuation trends in the fragmented dental‑services market. If Sonrava can offload non‑core sites at attractive prices, it may set a benchmark for other regional providers seeking liquidity. The hiring of Lincoln International makes clear the company is prepared to act decisively rather than linger in negotiations and limit further balance‑sheet strain.