The Aspen Group has indicated it’s no longer moving ahead with a planned sale of its urgent care clinic chain WellNow, after seeking buyers amid an effort to address a looming debt deadline that’s also prompted its lenders to retain lawyers.
The Aspen Group, owned by Leonard Green & Partners, Ares Management Corp. and American Securities, notified lenders in recent weeks that it decided to drop plans for the sale, according to people familiar with the matter.
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