American Dental Partners, Inc. Affiliates With Alabama Dental Practices.Business Editors and Health Writers WAKEFIELD, Mass.--(BUSINESS WIRE)--April 19, 2000 American Dental Partners, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADPI ADPI Alpha Delta Pi Sorority ADPI American Dairy Products Institute ADPI Analog Devices (Philippines) Inc ADPI Australian Dance Performance Institute (Brisbane, QLD, Australia) ) announced today that the Company completed affiliations with two dental practices 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" in Alabama. Both practices will join the Company's existing Alabama affiliate, Dental Care of Alabama. These new affiliations are located in Gadsden and Birmingham, Alabama Birmingham (pronounced [ˈbɝmɪŋˌhæm]) is the largest city in the U.S. state of Alabama and is the county seat of Jefferson County. and generate patient revenue in excess of $2 million. The Dental Center, located in Gadsden, will continue operations in its existing location. The Birmingham practice was recently combined with an existing Dental Care of Alabama dental facility. "We are pleased with these two affiliations," said Gregory Serrao, Chief Executive Officer of American Dental Partners. "The Dental Center adds to the group's presence in east central Alabama Central Alabama is the region in the state of Alabama that stretches approximately 170 miles (270 km) from the western border with Mississippi to eastern border with Georgia and , an area that is expected to benefit from investment in auto manufacturing and associated suppliers. We are particularly pleased that The Dental Center and its leader, Dr. James Walker James Walker may refer to a number of persons:
American Dental Partners, Inc. is one of the nation's leading business partners to group dental practices. Including these transactions, the Company is affiliated with 19 dental group practices and operates 139 dental facilities with more than 1,200 operatories located in 13 states. Note: Some of the information in this press release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The words "believe," "expect," "anticipate," "project," and similar expressions, among others, identify forward-looking statements. Forward-looking statements speak only as of the date the statement was made. Such forward-looking statements are subject to uncertainties and other factors that could cause actual results to differ materially from those projected, anticipated or implied. Certain factors that might cause such a difference include, among others, the Company's risks associated with its acquisition and affiliation strategy, management of rapid growth, dependence upon affiliated dental groups, dependence upon service agreements, government regulation of the dental industry and year 2000 compliance issues. Additional risks, uncertainties and other factors are set forth in the "Risk Factors" section of the Company's Registration Statement on Form S-4 (File No. 333-56941). |
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