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ADG, Inc. Withdraws Its Offer to Purchase the Business of Birner Dental Management Services, Inc. At a Price Equivalent to $12 Per Share.


Business Editors, Health & Medical Writers

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Sept. 12, 2002

On September 6, 2002, in a letter to the Independent Committee of the Board of Directors of Birner Dental Management Services, Inc., ADG ADG

average daily gain.

ADG Ambulatory diagnostic group
, Inc., a Detroit, Michigan “Detroit” redirects here. For other uses, see Detroit (disambiguation).
Detroit (IPA: [dɪˈtʰɹɔɪt]) (French: Détroit, meaning strait
 based Dental Practice Noun 1. dental practice - the practice of dentistry
practice - the exercise of a profession; "the practice of the law"; "I took over his practice when he retired"
 Management Company, withdrew its offer to purchase the business of Birner at a price equivalent to $12 per share. The Board of Directors had previously rejected the ADG, Inc. purchase offer. ADG, Inc. cited, among other things, concerns about future revenue growth and cost cutting which may be detrimental to the long-term financial health of Birner, however, ADG, Inc. and its affiliates plan to continue to review the business affairs and financial results of Birner and may consider alternative transactions.

ADG, Inc. manages 55 dental offices in five states offering general, orthodontic orthodontic (ôr´thdän´tik),
adj
 and specialty care all under the Great Expressions Dental Centers name.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Sep 12, 2002
Words:146
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