American Dental Partners Affiliates With North Carolina Dental Group.Business Editors and Health Writers WAKEFIELD, Mass.--(BUSINESS WIRE)--June 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 an affiliation with Nathan Bell, DDS (1) (Digital Data Storage) See DAT. (2) (Data Dictionary System) See QuickBuild and OpenDDS. (3) (Dataphone Digital S , PA, located in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. . Nathan Bell & Associates, a group dental practice with 18 dentists and nine locations in Charlotte and Raleigh-Durham, North Carolina, generated approximately $8.5 million of patient revenue in 1999. The group joined the Company's existing affiliate in Winston-Salem, North Carolina Winston-Salem is a city in the U.S. state of North Carolina. As of the 2000 census, the city population was 185,776; in 2004 the city annexed an additional 17,483 raising the population to 203,259. , University Dental Associates. As a result, University Dental Associates is one of American Dental Partners' larger affiliates with 25 dentists, 11 facilities and more than 100 operatories. "We are pleased to have Nathan Bell & Associates join our team of affiliates," said Gregory Serrao, Chief Executive Officer of American Dental Partners. "This affiliation builds on our North Carolina strategy of helping develop the state's leading high quality dental group. Together with University Dental Associates, we believe the combined group is North Carolina's largest dental group and a significant provider of dental services in three market areas, Charlotte, Winston-Salem and Raleigh-Durham. These three markets have a combined population of approximately 3.8 million people, and all three are experiencing impressive demographic and economic growth rates. With an average population of 1.3 million people each, these markets are our preferred size in terms of our ability to help positively impact the education and delivery of dentistry in the group setting." Mr. Serrao added, "American Dental Partners has made and will continue to make a significant commitment to North Carolina. University Dental Associates recently opened a new 24-operatory dental facility in Winston-Salem, American Dental Partners' largest ever facility development project. As we stated nearly a year ago, we also intend to support University Dental Associates' activities at Wake Forest University School of Medicine Wake Forest University School of Medicine, along with North Carolina Baptist Hospital and Wake Forest University Physicians, is part of the Wake Forest University Baptist Medical Center system. . Many of UDA's practicing dentists are faculty members of the Department of Dentistry at Wake Forest University. UDA (Universal Data Access) An umbrella term from Microsoft for its combined set of standards for file and database access. UDA includes ODBC, ADO, OLE DB and RDS. See ODBC, ADO, OLE DB and RDS. intends to expand Wake Forest University's dental residency program beyond the current general practice residency A General Practice Residency (GPR) is a one or two year hospital based postgraduate training program for dentists seeking additional education. In the hospital setting, residents are exposed to a wide range of medically compromised patients needing dental care. , and we have been actively involved in helping UDA identify qualified clinical and academic leadership for a specialty residency program. In addition, Dr. Jesley Ruff, Chief Professional Officer of American Dental Partners, is actively working with UDA towards achieving accreditation by the Accreditation Association for Ambulatory Health Care ("AAAHC AAAHC Accreditation Association for Ambulatory Health Care "). We look forward to the day when UDA is one of a select group of practices accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. by the AAAHC. Currently there are just eight dental groups accredited by the AAAHC in the United States, four of which are affiliated with American Dental Partners." American Dental Partners is one of the nation's leading providers of business services to dental groups. Including this transaction, the Company is affiliated with 19 dental groups and operates 149 dental facilities with more than 1,300 operatories located in 13 states. Note: Some of the information in this press release contains "forward-looking statements" 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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