American Dental Partners Affiliates With Reston Dental Group.WAKEFIELD, Mass.--(BW HealthWire)--June 3, 1998--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 Reston Dental Group P.C., located in Reston, Virginia Reston is an internationally known planned community whose goal was to revolutionize post-World War II concepts of land use and residential/corporate development in American suburbia. , by acquiring certain of its non-clinical assets and entering into a 40-year service agreement with the dental group. Reston Dental Group is a multi-specialty dental group practice with 15 dentists and 39 operatories in one full-service facility. The group generated $8.7 million in practice revenue in 1997. "Reston Dental Group is one of the premier dental groups in Virginia, respected for its commitment to high quality dentistry dentistry, treatment and care of the teeth and associated oral structures. Dentistry is mainly concerned with tooth decay, disease of the supporting structures, such as the gums, and faulty positioning of the teeth. ," said Greg Serrao, Chief Executive Officer of American Dental Partners. "We are proud to have Reston Dental Group join our family of affiliated dental groups. This affiliation marks our entry into the state of Virginia, which has several attractive markets that meet our expansion criteria. We look forward to working with Reston Dental Group to increase its market share over time." American Dental Partners, Inc. is one of the nation's leading 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 companies. With the Reston Dental Group affiliation, the Company is now affiliated with eleven dental group practices and currently operates 91 dental facilities with 718 operatories located in Arizona, Louisiana, Minnesota, Pennsylvania, Texas, Virginia and Wisconsin. Note: Except for historical information, all other statements provided in this press release are "forward-looking" 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 Company's actual results may vary materially from the 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. made above due to important factors such as: a limited operating history; risks associated with the Company's acquisition strategy; management of rapid growth; dependence upon affiliated dental groups; government regulation of the dental industry; and dependence upon service agreements. These and other risk factors that could materially affect financial results are further described in the Company's Form S-1 Registration Statement (file No. 333-39981).
CONTACT: American Dental Partners, Inc.
Gregory A. Serrao, 781-224-0880
or
Ronald M. Levenson, 781-224-0880
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