American Dental Partners Affiliates With University Dental Associates.WAKEFIELD, Mass.--(BW HealthWire)--June 30, 1999-- 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 University Dental Associates located 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. . The Company acquired certain non-clinical assets and entered into a 40-year service agreement with the dental group. University Dental Associates, a group dental practice with five general dentists and three specialists, generated $2.1 million of patient revenue in 1998. University Dental Associates is located at Wake Forest University Baptist Medical Center This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , a medical campus including the 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. and The 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. Baptist Hospitals. All eight dentists of University Dental Associates also serve on the faculty of the Department of Dentistry at the Wake Forest University School of Medicine. "We are pleased to have University Dental Associates join our team of affiliates," said Gregory A. Serrao, Chief Executive Officer of American Dental Partners. "Affiliating with University Dental Associates provides us a unique opportunity to help grow a quality-focused, group dental practice, while at the same time, promote and support dental education in the United States Education in the United States is provided mainly by government, with control and funding coming from three levels: federal, state, and local. School attendance is mandatory and nearly universal at the elementary and high school levels (often known outside the United States as the . Dr. Raymond S. Garrison, President of University Dental Associates and Chairman of the Department of Dentistry at Wake Forest University School of Medicine, is well known throughout the dental community and is a leader in dental education. The Department of Dentistry at Wake Forest University School of Medicine has a highly regarded dental residency program and also offers a series of continuing dental education programs. Our commitment of resources will not only assist University Dental Associates in becoming a market-leading dental group but will also enhance the ability of the group to support the Medical Center's dental education and service programs." Concurrent with this affiliation, Bruce N. Rogers, DDS (1) (Digital Data Storage) See DAT. (2) (Data Dictionary System) See QuickBuild and OpenDDS. (3) (Dataphone Digital S joined University Dental Associates. Mr. Serrao added, "We are very pleased with Dr. Garrison and Dr. Rogers' support of the affiliation and American Dental Partners. Both are highly regarded practitioners locally and nationally. In addition to serving as Chairman of the Department of Dentistry at Wake Forest University School of Medicine, Dr. Garrison serves as Commissioner of the American Dental Association's ("ADA Ada, city, United States Ada (ā`ə), city (1990 pop. 15,820), seat of Pontotoc co., S central Okla.; inc. 1904. It is a large cattle market and the center of a rich oil and ranch area. ") Commission on Dental Accreditation. He has been an ADA accreditation surveyor of dental residency programs for more than 15 years. Dr. Bruce Rogers joins University Dental Associates from Winston-Salem Dental Care, another nationally recognized dental group, where he served as the group's Dental Director for nearly 15 years. Dr. Rogers also serves on the board of directors and executive committee of the Accreditation Association for Ambulatory Health Care ("AAAHC AAAHC Accreditation Association for Ambulatory Health Care ") and is an active member and past-president of the American Academy of Dental Group Practice ("AADGP AADGP American Academy of Dental Group Practice "). With more than 30 years of combined accreditation experience, Dr. Garrison and Dr. Rogers will provide invaluable expertise as Dr. Jesley C. Ruff, Chief Professional Officer of American Dental Partners, works with our affiliated dental groups towards achieving AAAHC accreditation." Mr. Serrao also added, "This affiliation marks our entry into the state of North Carolina. The metropolitan statistical area includes Winston-Salem, Greensboro and High Point and has a population of nearly 1.2 million. These three communities are posting impressive demographic and economic growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. ." American Dental Partners, Inc. is one of the nation's leading dental practice management companies. Including this transaction, the Company is affiliated with 17 dental group practices and operates 125 dental facilities with more than 1,000 operatories located in Alabama, Arizona, Louisiana, Maryland, Minnesota, North Carolina, Oklahoma, Pennsylvania, Texas, Virginia and Wisconsin. 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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